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Energy & Petroleum News Today

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ICIS Economic Outlook: High crude oil, rising inflation threaten US GDP growth

ICIS Economic Outlook: High crude oil, rising inflation threaten US GDP growth

Oil Prices Rise as Traders Grow Skeptical of U.S.-Iran Deal

Oil Prices Rise as Traders Grow Skeptical of U.S.-Iran Deal

Oil Prices Rise As Iran Draws Red Line on Uranium

Oil Prices Rise As Iran Draws Red Line on Uranium

China Boosts Oil Stockpiles Despite Import Plunge

China Boosts Oil Stockpiles Despite Import Plunge

Saudi Oil Export Income Jumped to 3.5-Year High in March as Prices Soared

Saudi Oil Export Income Jumped to 3.5-Year High in March as Prices Soared

Japan’s Crude Imports from Middle East Slump to Lowest on Record

Japan’s Crude Imports from Middle East Slump to Lowest on Record

Iran war rapidly wiping out the world’s oil stockpile cushion

Iran war rapidly wiping out the world’s oil stockpile cushion

Traders Expect Oil Prices to Remain Above $81 for the Next 12 Months

Traders Expect Oil Prices to Remain Above $81 for the Next 12 Months

Wind and Solar Overtake Gas Power Generation for the First Time

Wind and Solar Overtake Gas Power Generation for the First Time

Goldman Sachs Sounds Fresh Alarm on Global Oil Stockpiles

Goldman Sachs Sounds Fresh Alarm on Global Oil Stockpiles

Saudi Arabia Forced to Boost Fuel Oil Imports as Gas Output Dips

Saudi Arabia Forced to Boost Fuel Oil Imports as Gas Output Dips

UK permits imports of diesel, jet fuel processed in third countries from Russian crude

UK permits imports of diesel, jet fuel processed in third countries from Russian crude

Oil prices slip as U.S. hints at Iran talks progress, tankers exit Hormuz

Oil prices slip as U.S. hints at Iran talks progress, tankers exit Hormuz

EIA crude oil inventories drop sharply, exceeding forecasts

EIA crude oil inventories drop sharply, exceeding forecasts

Trump Warns Iran on Hormuz Tolls as Energy Crunch Prompts Japan to Release More Oil

Trump Warns Iran on Hormuz Tolls as Energy Crunch Prompts Japan to Release More Oil

The Global Energy Crisis Is Driving Countries Back To Coal

The Global Energy Crisis Is Driving Countries Back To Coal

Trump Signals Iran Deal Push to Ease Oil Price Pressure

Trump Signals Iran Deal Push to Ease Oil Price Pressure

India's record power peak tests evening grid - Coal, hydro, and rail corridors carry the load

India's record power peak tests evening grid - Coal, hydro, and rail corridors carry the load

Pune Fuel Price Surge Sparks Inflation Concerns

Pune Fuel Price Surge Sparks Inflation Concerns

India’s Core Sector Growth Quickens to 1.7% in April on Cement, Steel Boost

India’s Core Sector Growth Quickens to 1.7% in April on Cement, Steel Boost

Latest Market News Of Energy & Petroleum

Daily Report News

Mumbai Energy Infrastructure Expands Grid Reliability

Mumbai Energy Infrastructure Expands Grid Reliability

Energy & Petroleum

Mumbai commissioned a 1,000 MW HVDC transmission link to boost grid reliability, support growing demand, and integrate cleaner power. This strategic project enhances energy security and urban resilience.

94

The high potential of tariff reforms: it’s time for India to sort out its tangle of electricity charges

The high potential of tariff reforms: it’s time for India to sort out its tangle of electricity charges

Energy & Petroleum

India's CEA urges states to reform electricity tariffs. Fixed costs (38-56%) are misaligned with fixed charges (9-20% revenue), hindering utility efficiency and competition. Reforms offer high potential for economic competitiveness.

Chief financial controller suspended for illegalities in EB tender

Chief financial controller suspended for illegalities in EB tender

Energy & Petroleum

newindianexpress.com

TNEB suspended two senior officials, including the chief financial controller, over alleged irregularities in wind/solar project approvals. This led to the cancellation of over 100 tenders worth Rs 2,000 crore due to lack of transparency and violations.

1111

India’s grid lags renewables, threatening 2030 target

India’s grid lags renewables, threatening 2030 target

Energy & Petroleum

asian-power.com

India's grid lags renewables, threatening 2030 500 GW target. Transmission delays (36-60 months) impact 20 GW capacity by FY27, causing 300 GWh curtailment and reduced returns.

23

Odisha govt mandates EV use for official work, pushes virtual meetings

Odisha govt mandates EV use for official work, pushes virtual meetings

Energy & Petroleum

deccanherald.com

Odisha mandates virtual meetings, compulsory EV use from June 1, and a 10% fuel consumption cut across departments. CM Majhi's directive aims for wise spending and efficiency, with new guidelines for official travel and vehicle use.

Fishermen are being pushed to the brink by fuel costs in Southeast Asia

Fishermen are being pushed to the brink by fuel costs in Southeast Asia

Energy & Petroleum

The Economic Times

Southeast Asian fishermen face ruin as soaring fuel costs, over half of trip revenue, force boats to dock. Limited government aid and inability to raise prices severely impact livelihoods and the seafood supply chain.

63

Solar industry cost-cutting sparks record wave of spontaneous glass breakage

Solar industry cost-cutting sparks record wave of spontaneous glass breakage

Energy & Petroleum

Pv Magazine India

Solar industry cost-cutting, using thinner 2.0mm glass, causes record spontaneous module breakage. Tests show up to one-third failure rates, raising investor concerns and highlighting a lack of PV-specific glass standards.

39

Efforts being made to ensure adequate fuel supply at petrol pumps, says govt official

Efforts being made to ensure adequate fuel supply at petrol pumps, says govt official

Energy & Petroleum

The Economic Times

Government assures adequate fuel supply amid surging demand at state-run pumps. Private retailers saw sales plunge up to 77% in April due to higher prices, while bulk buyers shifted to retail, causing state companies losses.

117

UK mirrors EU segregation rules in ‘refining loophole’ ban

UK mirrors EU segregation rules in ‘refining loophole’ ban

Energy & Petroleum

Hellenic Shipping

The UK will mirror EU rules, banning fuels made from Russian oil in third countries. It offers flexibility for refiners separating crude streams and exemptions for net exporters.

105

Asahi Kasei naphtha supplies to last through July; maintaining ops a priority

Asahi Kasei naphtha supplies to last through July; maintaining ops a priority

Energy & Petroleum

Asahi Kasei has naphtha supplies until July, prioritizing operations. It forecasts a Y10 billion profit decline from material demand but expects offsets from other sectors. Restructuring includes ceasing styrene monomer/polyethylene production by FY2030.

122

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