Energy & Petroleum News Today

India's EV and charging infrastructure market is experiencing rapid growth, projected to reach billions by 2035, driven by government policies like PM E-DRIVE, rising two-wheeler adoption, and major industry investments.

Indian states offer heavy incentives for massive data centres, but experts question the lack of local community benefits, job creation guarantees, and environmental safeguards regarding scarce electricity and water resources.

India's power sector faces tight supply due to strong electricity demand, declining coal inventories, and weak hydropower, though renewable energy generation is helping bridge the gap.

Tata Motors' electric vehicle penetration reached 25% amid surging demand that triples supply. Monthly production capacity doubled to over 16,000 units, driven by new launches and growing consumer confidence.

Kerala faces a severe power crisis due to a structural mismatch between demand exceeding 5,000 MW and inadequate storage, forcing emergency purchases and spotlighting the urgent need for renewable energy storage.

Ineos temporarily halted production at its UK acetyls plants, employing around 250 staff, due to soaring natural gas prices that are significantly higher than in the US and China.

Petrovietnam's BSR signed a crude oil framework agreement with ExxonMobil Asia Pacific to diversify feedstock, enhance supply security, and support Dung Quat Refinery's processing capabilities for up to 40 crude types.

India's manufacturing sector must transition from capacity building to capability ownership, focusing on skilled jobs, R&D, and global export competitiveness, especially in solar energy and advanced technologies.

In Q2 2026, U.S. solar system prices rose for utility and commercial projects due to tariffs and transport costs, while residential costs fell 1.4% to $3.36 per watt.

Kenyan President William Ruto will tour Dangote's Lagos refinery ahead of breaking ground on the Ksh2.2 trillion Lamu refinery project, which aims to process 700,000 barrels daily and create 60,000 jobs.