Energy & Petroleum News Today

India's natural gas import bill surged 23% to $8.5 billion in April-September due to soaring global prices and higher shipping costs, with import dependence rising to 52.3%.

Jakson Solar plans to invest up to $525.2 million to build 3 GW each of solar cell and ingot-wafer manufacturing capacities by fiscal 2028, boosting domestic renewable energy production.

India's clean energy and EV growth demands a robust battery recycling ecosystem to secure critical minerals, potentially fulfilling 40% of demand, creating 100,000 green jobs, and generating $9 billion in value.

Ha Tinh power plants are optimizing operations to meet year-end electricity demand, aiming for a 2026 output of 20 billion kWh, up 25% from 2025, while ensuring safety and stable grid supply.

Australia's home battery market surpasses 500,000 installations, highlighting virtual power plant opportunities. VPP participants achieved median bill reductions up to $1,093, boosting financial benefits for households.

Reliance's Jamnagar refinery, processing 1.4 million barrels daily with a complexity index of 21.1, has become central to U.S. diesel supply stability and India-US energy diplomacy.

APEPDCL has deployed 41 control rooms, 4,056 personnel, machinery, and materials across vulnerable districts to ensure rapid power restoration during impending Cyclone Arnab.

Saudi Arabia has agreed to store 9 million barrels of crude oil in Singapore's Jurong Rock Caverns to enhance supply chain resilience amid Middle East infrastructure attacks and export disruptions.

Global metallurgical coal prices remained steady as Indian mills purchased Australian cargoes. Goonyella premium mid-vol coal sold at $267/t FOB, while BigMint's PHCC index declined by $1/t to $292/t CNF Paradip.

Russia's thermal coal exports dropped 18.6% to 42.5 million tonnes in early 2026, losing its top-three exporter status. Meanwhile, shipments to India surged 63% to 9.6 million tonnes due to discounts.