Reliance Industries is increasing liquefied petroleum gas production. The company is reducing output of alkylates, a gasoline-blending component. This move aims to compensate for lost LPG imports from Middle Eastern countries. India faces a severe cooking fuel crisis. The government has directed refiners to maximize LPG production. This is to ensure supply for households.
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.
During a crucial summit, leaders examined effective pathways to accelerate the deployment of battery storage technologies. The dialogue included vital topics such as enhancing transmission capacities and the potential of variable time-of-day pricing. These approaches are strategically aimed at amplifying the adoption of renewable energy and reinforcing the stability of the power grid.
Reliance Industries reported strong growth in its Oil-to-Chemicals (O2C) business in Q1 FY26, with EBITDA rising 10.8% year-on-year, driven by improved domestic fuel retail margins, a recovery in transportation fuel cracks, and better petrochemical spreads. However, O2C revenue declined 1.5% due to lower crude prices and reduced volumes amid a planned shutdown.
The Indian government is considering further easing norms for setting up petrol pumps to boost energy security and promote decarbonization. An expert committee has been formed to review existing guidelines and align them with national commitments to alternative fuels and electric mobility.
India’s aggressive ethanol blending program, aimed at reducing crude oil imports, is raising concerns for vehicle owners. Vehicles designed for E10 fuel may experience a 1-2% drop in mileage with E20 blends, impacting millions manufactured between 2012 and March 2023. Automakers are urging tax incentives to offset this, while the government signals further intensification of…
Essar Energy Transition achieved record domestic fuel sales in 2025 at its Stanlow refinery. Strong UK demand and an expanded supply network fueled this success. Retail and aviation sectors saw significant growth. Investments in infrastructure and decarbonization are ongoing. The company advocates for refining inclusion in the UK’s Carbon Border Adjustment Mechanism to ensure a…
Oil prices remained stable as investors weighed potential supply disruptions from Iran’s intensifying protests against efforts to resume Venezuelan oil exports. Rights groups report over 500 deaths in Iran, with at least 1.9 million barrels of its oil exports at risk. Meanwhile, companies are scrambling to secure ships for Venezuelan crude, with initial shipments expected…
Mitsubishi, the Japanese conglomerate, is poised to exit a power project located in West Bengal, prompting discussions with NTPC regarding the financial implications. The company has tabled an offer for penalties associated with their withdrawal from the incomplete project, while NTPC is advocating for a more substantial settlement. As dialogues continue, both parties are working…
Oil prices climbed nearly 2% as investors weighed escalating U.S. sanctions on Venezuela, a drone attack on a Russia-bound tanker in the Black Sea, and Iraq’s nationalization of the West Qurna 2 oilfield. The U.S. seized two Venezuela-linked tankers, while concerns over supply disruptions from Russia, Iraq, and Iran contributed to the market’s upward movement.