At least five vessels carrying about 3.4 million barrels were idling in the Yellow Sea as of Wednesday, double the volume of last week and the highest level for the grade in the region in more than five years, according to Kpler. The area is close to Shandong province, a hub for independent oil refiners.
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.
India’s fuel demand growth will slow significantly in late 2026. Government conservation efforts, rising oil prices, and a weaker rupee are impacting travel and consumption. Oil companies have increased petrol and diesel prices. Prime Minister Modi urged fuel saving. Analysts predict a substantial cut in India’s refined products demand forecast for 2026.
Jagatjit Industries Ltd has commenced commercial production at its grain-based ethanol plant in Punjab, anticipating Rs 550 crore in annual revenue. The plant, located in Kapurthula district, has a 200 kilolitres per day capacity. The company expects a significant boost to its EBITDA margin and aims to supply 65-70 million litres of ethanol annually to…
India’s crude oil imports fell 8.7% in July to 18.56 million tons—the lowest since February 2024—while fuel demand also dropped 4.3%. Year-on-year, crude imports declined 4.3% and product imports 12.8%. The fall may reflect U.S. tariff threats over Russian oil purchases. India plans to address U.S. trade ties openly, even as refiners resume discounted Russian…
Hotels and restaurants are facing a severe blow due to a significant hike in commercial LPG cylinder prices. Industry associations are urging the government to intervene and roll back the price increase. This escalation in operating costs threatens further closures and job losses in the hospitality sector, a key employment generator.
The Indian Sugar & Bio-Energy Manufacturers Association (ISMA) defends the E20 ethanol blending program, dismissing claims of vehicle engine damage as misleading. ISMA highlights the program’s benefits for farmers, the economy, and the environment, citing successful implementation in Brazil. The initiative is expected to save India a significant amount in foreign exchange by reducing crude…
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.
India’s power consumption saw a dip in November. This marks the second month in a row with reduced demand. Favourable weather conditions are the main reason for this trend. Experts point to cooler temperatures reducing the need for cooling. The India Meteorological Department noted weather impacts across several regions.
Donald Trump has struggled to secure concessions from Iran despite threats, military pressure and repeated deadlines tied to Tehran’s nuclear and regional policies. Trump on Monday said he had paused planned U.S. strikes at the request of Gulf Arab allies as “serious negotiations” were underway, while warning that military action could resume if no acceptable…