Energy & Petroleum News Today

Indian oil stocks, including ONGC and Chennai Petroleum, fell up to 3% as Brent crude dropped below $92 per barrel amid easing geopolitical tensions, negatively impacting upstream realisations.

Japan seeks rare earth mineral supplies from Andhra Pradesh to strengthen critical mineral supply chains, while advancing new investments in advanced manufacturing and green ammonia partnerships.

In October 2026, Russia's fossil fuel revenues hit EUR 754 million per day, a 14% monthly rise, driven by record crude earnings and strong demand from China and India despite international sanctions.

Charger on Wheels is launching its mobile EV fast-charging service in Hyderabad this month, partnering with Aparna Constructions to deploy units featuring a 92 kWh battery storage system.

India's energy transition relies on strengthening DISCOMs. Despite FY 2024-25 profits, cumulative losses hit INR 6.47 billion. Key reforms include cross-subsidy rationalization, regulatory strengthening, and performance-linked fiscal support.

In January-October 2026, KazTransOil transported 15.522 million tonnes of oil to domestic refineries, an increase of 643,000 tonnes year-on-year, amid a total pipeline volume of 38.306 million tonnes.

Tata Power expects to sign cost-linked power agreements with four states for its 4-gigawatt Gujarat plant, while reporting a 49% surge in quarterly net income to 13.7 billion rupees.

In Indian apartments, 70% to 75% of urban households face major EV charging hurdles, including transformer limits, 100-metre cable runs, and strict housing society committee restrictions.

India slipped five places to 28th in the CCPI 2027 climate ranking with a score of 60.85, despite progress in renewable energy capacity and early achievement of its 2030 non-fossil target.

India aims for 900 GW of non-fossil capacity by 2035. Integrating renewables with 200 GW of storage, transmission expansion, and flexible demand can lower procurement costs by 15% and save over ₹2 lakh crore annually.