Private fuel sellers Nayara Energy and Shell saw sales drop significantly in April. They increased prices after the Iran war began. Consumers shifted to state-run companies that kept prices steady. This caused market share losses for Nayara and Shell. RIL-BP however reported strong sales growth. Localized fuel shortages occurred as demand moved to neighboring stations.
Indian oil companies are pushing ahead with major expansion and clean energy projects. Indian Oil Corporation plans significant investments in refining and renewable energy. Bharat Petroleum Corporation Limited is also allocating substantial funds for refining and marketing. Hindustan Petroleum Corporation Limited’s capital expenditure is expected to be slightly lower. These companies are focused on growth…
The latest peak surpassed Tuesday’s all-time high of 260.5 GW recorded during solar hours. The latest demand levels have already crossed last summer’s record peak of 243 GW, and even those recorded during the evening. The peak demand recorded is inching closer to the projected 271 GW for the season.
India is preparing to resume sending ships through the Strait of Hormuz to pick up oil and energy cargoes from Middle East suppliers for the first time since the Iran conflict began. State-run Shipping Corporation of India is ready to restart operations in the Persian Gulf once it receives approval from the Indian Navy and…
Two Chinese oil tankers have passed through the Strait of Hormuz. This follows positive comments from U.S. President Donald Trump and Vice President JD Vance. They suggest a resolution to the U.S.-Israeli conflict with Iran is nearing. Oil prices have eased on these developments. Negotiations with Iran are ongoing, with both sides seeking an agreement…
India’s scorching summers strain power grids, forcing costly upgrades. While cities like Nagpur manage peak demand with advanced cooling, many low-income families face unaffordable electricity bills. This forces them to endure sweltering homes, impacting health and productivity. Despite state plans for cheaper renewable energy, immediate relief for the most vulnerable remains elusive, highlighting a critical…