Energy & Petroleum News Today

An analysis of running costs across petrol, CNG, and EVs shows EVs are the cheapest at roughly Re 1 per kilometre, offering massive savings over 10,000 to 30,000 kilometres compared to traditional fuels.

Prolonged US-Iran war drains 95% of China's petrochemical stockpiles, surging material costs and global consumer prices. While Asian refiners suffer margin pressures, US chemical firms benefit from cheap shale gas.

TATA.ev's MegaCharging network has crossed 1,000 live connectors across 200 Indian cities and 180 highway corridors, achieving a 40 MW capacity and powering 32 million electric kilometres.

Ofgem approved an agreement to maintain the UK's gas import capacity from Europe through connectors, enhancing energy resilience and flexibility to manage high demand periods.

Indian Railways increased average daily coal rake dispatches by 7.1 percent to 430 rakes in H1 FY27, ensuring steady fuel supplies to thermal power plants amidst rising energy demands.

Asia needs $1 trillion in annual energy investments over 15 years to boost security. Renewable investments will reach $300 billion annually through 2040, driven by rising demand in India and Southeast Asia.

Jindal Steel aims to more than double its coal gasification capacity to 11 million tonnes by 2030, boosting industrial value addition, reducing forex outflow, and supporting India's energy self-reliance.

NLC India partnered with IPICOL to build a 3,200 MW thermal power plant with a ₹35,000 crore investment and a ₹2,000 crore beach sand mineral processing facility in Odisha.

European natural gas prices rose to nearly 90 euros per megawatt-hour due to Middle East escalations and historically low winter inventories at 74% capacity, raising supply vulnerability concerns.

India is considering a new methanol fuel plan for shipping, proposing tax concessions, uniform port charges, and infrastructure development to drive the green transition and boost domestic production.