Indian refiners are making payments for Iranian oil using Chinese yuan. This is happening through ICICI Bank’s Shanghai office. Indian Oil and Reliance have bought shipments under a temporary U.S. sanctions waiver. This payment method has not been previously reported. India has also used yuan for Russian oil. The U.S. waiver on Iranian oil is…
NTPC’s Nabinagar plant in Aurangabad, Bihar, is undergoing a major expansion. Stage II will add three 800 MW units, increasing total installed capacity to over 4,360 MW. This expansion will provide Bihar with an additional 1,500 MW of power. The new units will use advanced technologies to reduce water consumption and improve efficiency. The project…
Commercial LPG prices have reached a record high, with a Rs 993 hike per 19-kg cylinder, bringing the total increase in three months to Rs 1,303. This surge is attributed to rising global energy prices amid the West Asia conflict. Domestic LPG prices, however, remain unchanged.
India’s rapid shift to E20 fuel, containing 20% ethanol, is causing unforeseen issues for car owners. Many vehicles, designed for E10 fuel, experience reduced mileage and engine problems due to E20’s corrosive properties. While the government touts economic and environmental benefits, consumers face unexpected maintenance costs and a lack of clear information about fuel compatibility.
City gas companies anticipate compressed biogas (CBG) and liquefied natural gas (LNG) will drive India’s clean energy transition in the next decade. IGL is setting up CBG plants, while also pushing for LNG adoption in the transport sector. India’s renewable energy achievements position it as a global solar leader, emphasizing the need for decarbonization in…
Union Minister for Coal and Mines, G Kishan Reddy, on Sunday highlighted that coal gasification will be pivotal in strengthening India’s energy security, reducing import dependence, and supporting industrial growth, while addressing the Bharat Electricity Summit 2026.
Indian oil refiners, the top buyers of Russian crude, are exploring alternative sources like Azerbaijan, Nigeria, and the UAE amid fresh EU sanctions on Moscow. While no major shift has occurred yet, purchases from less typical suppliers suggest early diversification. Sanctions on a Russian-linked Indian refiner and tightening global trade dynamics are prompting a reassessment…
Seven key OPEC+ oil nations are poised to increase July output by approximately 188,000 barrels per day. This decision comes as the group meets on June 7. Despite ongoing disruptions from the Iran war, OPEC+ has been raising its monthly targets since April. The United Arab Emirates’ recent departure from the group is noted.
Commuters in Andhra Pradesh face severe diesel shortages. Long queues have formed at petrol bunks for two days. Limited supply from oil companies is intensifying the crisis. Some fuel stations display ‘No Stock’ boards. Dealers warn of potential shutdowns if the situation persists. The disruption is causing significant public inconvenience across the state.
In a statement posted on X on Tuesday, Reliance Industries Limited said a Bloomberg report claiming that “three vessels laden with Russian Oil are heading for Reliance Industries Limited’s Jamnagar refinery” was incorrect. The company said its Jamnagar refinery has not received any Russian crude oil cargo in the past three weeks and is not…