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Energy & Petroleum News Today

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Europe Gas Prices steady as supply remains strong, Ukraine peace talks falter

Europe Gas Prices steady as supply remains strong, Ukraine peace talks falter

European gas prices, including Dutch and British wholesale, remained steady near 19-month lows due to strong supply. This occurred despite faltering peace talks between Russia and the U.S. over Ukraine.
Gasoline crack lingers near $17/bbl

Gasoline crack lingers near $17/bbl

Asia's gasoline refining profit margin held strong at $16.96 per barrel over Brent crude due to tight supplies from key exporters like China and firm demand. This crack lingers near $17/bbl.
Asia Diesel spreads slip to three-month lows; margins near two-month lows

Asia Diesel spreads slip to three-month lows; margins near two-month lows

Asia's diesel markets softened, with timespreads hitting over three-month lows and margins nearing two-month lows. This decline is due to caution over near-term regional supply fundamentals.
Aliko Dangote, The Richest Black Man In The World, Details $5B India Partnership As He Expands Oil, Petrochemicals, And Fertilizer Empire

Aliko Dangote, The Richest Black Man In The World, Details $5B India Partnership As He Expands Oil, Petrochemicals, And Fertilizer Empire

Aliko Dangote, the world's richest Black man, details a $5B India partnership to expand his oil, petrochemicals, and fertilizer empire. His company sourced $2.5B equipment from India, expecting $5B+ more in 18-20 months, creating jobs.
Nitin Gadkari, riding in flex-fuel car, explains how it will curb pollution

Nitin Gadkari, riding in flex-fuel car, explains how it will curb pollution

Nitin Gadkari promoted flex-fuel vehicles running on 100% ethanol, effectively costing Rs 25/litre. This curbs pollution, benefits farmers via agricultural byproducts, and reduces fossil fuel imports. India has 550 ethanol plants, with 20% blending.
India asks coal plants to run more flexibly to make room for solar power

India asks coal plants to run more flexibly to make room for solar power

India plans to make coal plants more flexible, potentially running at 40% load, to integrate rising solar power. This could increase maintenance costs by 20%, with expenses passed to consumers, mirroring strategies in other nations.
Adani Electricity champions customer interests with machine learning tech for fair power

Adani Electricity champions customer interests with machine learning tech for fair power

Adani Electricity deployed ML tech, detecting 5.0 MUs of electricity theft worth Rs 8.59 crore since January. This initiative strengthens fair power delivery, protects customers, and enhances governance.
Bihar supplementary budget allocates Rs 21,000 crore for ‘Mahila Rozgar Yojana’

Bihar supplementary budget allocates Rs 21,000 crore for ‘Mahila Rozgar Yojana’

Bihar's Rs 91,717 crore supplementary budget allocates Rs 21,000 crore for the Chief Minister’s Women’s Employment Scheme and Rs 6,462 crore for Free Electricity. Other women-centric schemes also received significant funds.
Coal Mines Contribute 50% To CCL Output, Generate ₹5,352 Crore And 1,288 Jobs

Coal Mines Contribute 50% To CCL Output, Generate ₹5,352 Crore And 1,288 Jobs

Three coal mines (Magadh, Amrapali, Namchik Namphuk) contribute 50% to CCL's output, generating ₹5,352 crore and 1,288 jobs in Jharkhand and Arunachal Pradesh, boosting national energy security.
Chhattisgarh: Protests turn violent in Parsodi Kalan village over SECL Amera coal mine extension | Video

Chhattisgarh: Protests turn violent in Parsodi Kalan village over SECL Amera coal mine extension | Video

Violent protests erupted in Chhattisgarh's Parsodi Kalan over SECL's Amera coal mine extension. Villagers, rejecting 2016 compensation, clashed with police, injuring around two dozen officers. This highlights social challenges amid government efforts to expedite coal exploration.

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