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.
Iran’s parliament speaker, Mohammad Bagher Ghalibaf, stated on Wednesday that the Islamic Republic will not reopen the Strait of Hormuz while the US naval blockade persists. He described the blockade as a “blatant violation of the ceasefire,” asserting that a complete ceasefire is meaningless under such conditions.
The recent decline in oil prices was unexpected, Kuwait’s Oil Minister Tariq Al-Roumi said on the sidelines of the Organization of Arab Petroleum Exporting Countries’ (OAPEC) ministerial meeting in Kuwait.
BP already has a similar arrangement for ONGC’s flagship Mumbai High fields, but the latest move significantly expands its role, making it responsible for helping enhance output from fields that account for about 72% of ONGC’s gas production and 60% of its oil output.
India plans a significant expansion of its nuclear power capacity, targeting 100 gigawatts by 2047. This ambitious goal represents a more than tenfold increase from the current 8.8 gigawatts. The Central Electricity Authority is working on legislative changes and streamlining processes to achieve this.
Artificial intelligence (AI) is rapidly becoming the largest energy hog within worldwide digital infrastructure. In my latest research, published in the academic journal Joule today, I show that AI systems were responsible for up to 20% of global data center power demand by the end of last year. Moreover, this share could approach half of…
The Russian Embassy in India announced Moscow’s commitment to reducing the trade imbalance with New Delhi, focusing on expanding energy supplies and eliminating trade barriers. Despite the current political climate, mechanisms are in place to ensure a consistent oil flow to India. Bilateral trade is projected to increase by approximately 10% annually, with energy shipments…
A US naval blockade of Iranian ports, following failed ceasefire talks, has increased uncertainty over energy cargo movements and the risk of stranded supplies. This escalation is expected to further squeeze global supply and drive oil prices higher, impacting India’s significant crude and LPG imports from Iran.
The head of the International Energy Agency declared the conflict between Iran, the United States, and Israel is causing the world’s worst energy crisis. This situation exacerbates the existing petrol and gas crisis linked to Russia. Maritime traffic in the Strait of Hormuz is disrupted, impacting global oil and LNG flows.
The Donald Trump administration has issued a short-term waiver allowing countries to continue buying sanctioned Russian oil loaded on ships until May 16, aiming to stabilise global energy prices amid the US-Israeli war on Iran.