Energy & Petroleum News Today

Crude oil prices for immediate delivery hit record highs due to severe supply disruptions in the Strait of Hormuz, significantly increasing the premium buyers are willing to pay for oil.

Keralam faced unprecedented monsoon power restrictions due to deficient rainfall, soaring temperatures, and surging electricity demand, exposing critical planning shortcomings and a lack of emergency generation buffers.

Arunachal Pradesh is emerging as a major hydropower hub with four units of the 2,000 MW Subansiri Lower project commissioned and investments over Rs 52,000 crore approved for five additional projects.

Audi India is considering local electric vehicle manufacturing and aims to double its luxury car market share from 8% to 15-16% within three to five years through expansion and new products.

Paradip Port Authority's Mechanised Coal Handling Plant achieved a record single-day coal loading of 1,40,022 metric tonnes on 10 October 2026, surpassing its previous benchmark and highlighting enhanced operational efficiency.

VLF India has launched the Strada electric scooter, priced from Rs 1.20 lakh. It offers City and Max variants, delivering a peak torque of 34Nm and a claimed maximum range of up to 250km.

A technical team inspected coal-bearing areas in Meghalaya to assess restarting small-scale mining safely and scientifically, following a 2014 National Green Tribunal ban, balancing economic growth with environmental responsibility.

Crude oil futures face volatility amid US-Iran talks and West Asia tensions. MCX October futures settled at 8,881 rupees per barrel, while Brent rose to 104.72 dollars, impacting India's import bill.

Honda's upcoming 0 Alpha electric SUV has been spied testing in India. Featuring LFP batteries up to 75kWh and a 2700-2800mm wheelbase, production begins in Rajasthan ahead of early 2027 launch.

Türkiye's daily electricity consumption decreased by 4.52% to 899,948 megawatt-hours, while production dropped 3.9% to 913,005 megawatt-hours, with imported coal leading generation sources.