Numaligarh Refinery Limited has secured a significant deal. The company will sell 52,500 Metric Tonnes of Sulphur annually to Progressive Fertichem Private Limited. This marks the first commercial agreement post the refinery’s expansion project. The deal ensures a long-term off-take for the refinery’s Sulphur production. This partnership is expected to boost NRL’s revenue and signals…
In a noteworthy shift, Indian oil corporations have curtailed daily losses by almost 25% thanks to a Rs 3 per litre increase in petrol and diesel prices. Nevertheless, ongoing global crude oil fluctuation and a depreciating rupee mean that fuel prices still linger below production costs. Currently, there are no discussions surrounding a government financial…
Fuel supplies in Assam are stable. IndianOil, BPCL, and HPCL confirm adequate stocks of Petrol, Diesel, and LPG. The entire supply chain operates efficiently. Domestic LPG consumers are prioritized. The Oil Industry coordinates logistics and stock movement. Consumers can continue normal consumption. Panic buying is unnecessary.
International Energy Agency head Fatih Birol warned that commercial oil inventories are rapidly depleting, with only a few weeks of supply remaining due to the Iran war and Strait of Hormuz closure. Strategic reserve releases have provided temporary relief, but demand is increasing with seasonal shifts. The agency previously forecast a surplus but now anticipates…
India has consistently purchased Russian oil, irrespective of U.S. sanctions waivers, according to a petroleum ministry official. The decision is driven by commercial sense, with ample crude supply secured. This purchasing strategy remains unaffected by any waiver status.
India’s cooking gas shortage, driven by the Strait of Hormuz closure, forces refiners to cut alkylate production. This directly impacts California’s gasoline supply, as alkylates are crucial for its unique blend, leading to higher prices for motorists already facing a global fuel crisis.
State-owned NTPC has crossed a significant milestone, achieving over 90 GW of installed electricity generation capacity. This expansion was driven by the successful trial operation of Unit 2 at its Patratu Vidyut Utpadan Nigam arm. The company is actively pursuing renewable energy targets and diversifying its energy portfolio.
India’s oil refiners are prepared for changes in Russian crude supply. Weaker domestic demand and available oil from the US and Middle East offer alternatives. China’s reduced market presence also helps maintain supply. Maintenance at major refiners has increased Russian crude in storage. This provides Indian refiners with more options in the short term.
Tata Power has signed an initial agreement with Druk Green Power Corporation to create a training framework for developing 5,000 MW of clean energy capacity in Bhutan.
Pune scientists are developing Dimethyl Ether, or DME, a clean fuel that can replace LPG. This homegrown alternative can be produced using Indian resources like coal and biomass. DME is similar to LPG and can be blended with it. This innovation promises to reduce India’s reliance on imported fuels and strengthen energy security.