Cooking gas LPG use in India saw a significant 16 percent drop in April. Supply issues stemming from the West Asia conflict impacted availability for homes and businesses. This led to reduced consumption compared to last year and the previous month. Other fuel sales like diesel and petrol also showed moderated growth.
India faces a cooling crisis as soaring temperatures drive unprecedented electricity demand. While AC sales surge, a safer, cheaper, and more efficient refrigerant, propane (R290), is being held back by outdated regulations. This overlooked solution could significantly ease grid pressure and reduce climate impact, yet its adoption is inexplicably slow.
The Abu Dhabi National Oil Company on Sunday pledged to spend $55 billion on new projects over the next two years, just days after the United Arab Emirates’ officially left the OPEC oil cartel. The UAE has been an OPEC member through the emirate of Abu Dhabi since 1967, four years before the former British…
OPEC+ plans a small oil output increase. This boost will be symbolic as the U.S.-Iran conflict blocks vital Gulf oil routes. The Strait of Hormuz closure severely limits exports from key members. This disruption has already sent oil prices soaring. Analysts warn of jet fuel shortages and rising global inflation.
The Union Cabinet is poised to approve a Rs 37,500 crore incentive scheme to promote coal gasification projects. This initiative aims to boost clean energy production, reduce import dependence on critical commodities like LNG and urea, and enhance the utilization of domestic coal resources.
A significant milestone has been achieved at the Kudankulam Nuclear Power Project. The Atomic Energy Regulatory Board has approved the erection of major equipment for Units 5 and 6. This development brings India’s nuclear energy program closer to expanding its clean and reliable power generation capacity. The approval follows extensive safety reviews, ensuring compliance with…
Seven OPEC+ nations are meeting to set oil production quotas — the first decision since the UAE left the cartel. The war in the Middle East has already pushed oil prices higher. Markets expect a small increase in production, but actual output is already below limits due to blockades.
V Anantha Nageswaran has called for India to build strategic buffers to manage the ongoing energy shock triggered by the West Asia crisis, warning it is the most severe in recent times.
Tightened US naval restrictions in the Strait of Hormuz have sharply reduced Iran’s oil exports, forcing the country to cut production as storage fills up. Despite the pressure, Iran is drawing on past experience with sanctions to manage the crisis, including reducing output in a controlled way and using floating storage to keep supplies moving.
The world’s largest container shipping company, MSC Mediterranean Shipping Company, is launching a new Europe–Middle East service that avoids the Strait of Hormuz by combining sea, road, and feeder ship routes.