Energy & Petroleum News Today

India launched the ₹84,084-crore Samudra Manthan mission to boost offshore oil and gas exploration across eastern and western basins, aiming to reduce heavy import dependence and increase domestic production.

US propane exports reached a record 2 million bpd in 1H26, up 11% driven by rising production and strong demand from India, despite trade shifts and Panama Canal constraints.

Subsidised LPG bookings have halted for domestic customers lacking biometric e-KYC following government directives. While 89.9% of 27.43 crore active consumers complied, unauthenticated users must now buy cylinders at market rates.

In September, India's petrol and diesel sales rose 7.2% and 4.9% year-on-year driven by vehicle demand and irrigation needs, while ATF remained flat and LPG sales dropped 9%.

President Donald Trump is considering a diesel export ban to lower high energy prices, though he acknowledged the move could create negative consequences for gasoline markets.

A potential U.S. diesel export ban threatens Latin America, potentially lowering collective GDP growth by 1%, as countries rely on U.S. imports for up to 50% of fuel consumption amid global supply constraints.

JERA warns LNG prices will rise further as Qatar extends delivery suspensions and EU storage sits at a low 71%, driven by geopolitical conflict and impending supply crunches.

Asia-Pacific will drive 75% of global power demand growth through 2035, fueled by industrialisation and urbanisation. Meanwhile, China's coal capacity is set to peak by 2030 amid surging renewables.

Kuwait-backed Nghi Son refinery is selling 8,000 metric tons of polypropylene internationally, achieving 125% operational efficiency and boosting KPC's strategic global petrochemical growth.

Leading automakers in India are expected to launch flex-fuel vehicles capable of running entirely on 100% ethanol within the next one to two months, advancing the country's green mobility transition.