Global oil demand is falling due to supply shortages, not high prices. This is a forced demand loss. Supply disruptions surged in March and April. Spare production capacity was unavailable. Global oil inventories declined significantly. Oil prices are not at extreme levels. The Middle East, Asia, and Africa saw the biggest demand drops. Petrochemicals and…
In a statement on Monday, NPCIL said, “A significant stride in India’s journey towards energy security and sustainability! Nuclear Power Corporation of India Limited (NPCIL) has achieved a major commissioning milestone at Kudankulam Nuclear Power Project, Unit-3 with the successful commencement of ‘Spillage to Open Reactor’ on 25 April 2026.”
India’s AI future hinges on infrastructure and energy, with Visakhapatnam emerging as a key digital gateway. Jeet Adani highlighted India’s structural advantage in trust, execution, and abundant energy, crucial for powering AI’s massive electricity demands. The Adani Group’s $100 billion commitment to green energy and data centers will fuel this AI-led growth.
A liquefied natural gas shipment, the Mubaraz, appears to have successfully traversed the Strait of Hormuz after a two-month lull in traffic. The tanker, loaded in the UAE, reappeared west of India after its transponder went dark, signaling a potential easing of tensions that had tightened the global energy market and driven up prices.
A superyacht linked to sanctioned Russian billionaire Alexey Mordashov, the Nord, transited the Strait of Hormuz, a route severely restricted by Iran. The vessel, worth over $500 million, departed Dubai and arrived in Muscat, with its passage through the blockaded shipping lane raising questions. This event occurs amidst an uneasy ceasefire between the U.S. and…
Asian nations are grappling with prolonged energy supply strains due to the Middle East conflict, prompting governments to implement costly subsidies and fuel-use restrictions. Diversifying energy sources and tapping reserves are key strategies, but deeper trouble looms if disruptions persist, threatening economic stability and food security across the region.
India’s power demand surged to 255.8 GW on Monday. This record was set due to intense heatwaves across the country. Delhi’s power demand also crossed 7,000 MW for the first time in April. Tata Power Delhi Distribution met its highest demand of 2,030 MW this summer. The power ministry anticipates further increases in demand.
India’s imports of Russian crude fell 20% month-on-month in April to 1.57 million barrels per day, cooling after a March surge driven by floating cargoes during the Iran conflict and a temporary US sanctions waiver.
India’s peak power demand dipped to 238.15 GW on Sunday, a decrease from Saturday’s record 256 GW as commercial and industrial activities paused. Despite a slight shortfall, demand is nearing the government’s summer estimate of 270 GW, driven by rising temperatures and increased use of cooling appliances.
Vedanta Chairman Anil Agarwal has stated that NGSL, a joint venture between NTPC and GE, held full responsibility for the operations and maintenance of the Chhattisgarh power plant. An explosion at the plant on April 14 killed 25 workers. Agarwal drew an analogy to vehicle owners trusting drivers for safety.