The global oil market is undergoing a significant shift. Demand now peaks in the third quarter, not the fourth. This change is due to factors like declining heating oil use and increased summer travel. Emerging nations’ consumption patterns also play a role. Despite current stability, a surplus is expected this winter. Increased OPEC+ production and…
India’s crude imports from Russia were valued at $50.3 billion in FY25, accounting for more than a third of the country’s total crude bill of $143.1 billion. Indian refiners, including RIL, process this crude and export petroleum products globally, including to the EU.
Russian oil major Rosneft has condemned the EU’s sanctions on its Indian subsidiary Nayara Energy, calling them “unjustified and illegal.” The EU recently imposed fresh restrictions on Russia, including a price cap reduction and sanctions on Nayara, alleging links to Russian crude exports. Rosneft argued that it holds less than 50% stake in Nayara and…
India’s petroleum exports worth $15 bn to the European Union may be at risk due to the EU’s new sanctions targeting refined products made from Russian crude, even if processed in third countries. According to think tank GTRI, the move could impact countries like India, which imports large volumes of Russian oil and exports refined…
Petroleum and Natural Gas Regulatory Board directs Delhi gas retailers to implement uniform pricing for piped natural gas. This eliminates tiered pricing based on consumption. The move prevents potential misuse of subsidized gas intended for households. It also addresses concerns about unfair charges for higher consumption. The regulator wants a review of consumption patterns. They…
India aims to achieve 100 GW atomic power by 2047. The government plans to amend laws to encourage private sector investment in nuclear energy. These changes address global concerns about liability. The goal is to meet global benchmarks and become a developed nation. India is also expanding nuclear power capacity significantly.
NTPC has stopped the installation of Flue-Gas Desulphurisation systems at five under-construction power plants. This follows a government notification exempting many thermal plants from needing FGD. The order impacts projects with over 7 GW capacity. Bharat Heavy Electricals Limited may seek compensation. The Ministry of Environment, Forest and Climate Change issued the exemption.
European Union sanctions against Nayara Energy and restrictions on Russian oil-derived fuels present significant challenges for Reliance Industries, potentially impacting their access to the European diesel market. Rosneft’s planned divestment of its stake in Nayara is further complicated. Both companies, key Indian fuel exporters, face reduced refining margins due to these constraints.
India’s Ministry of External Affairs on Friday said it does not support unilateral sanctions, responding to the EU’s latest penalties on Russia that include a Rosneft-linked oil refinery in Gujarat. “Energy security is a paramount responsibility to meet citizens’ basic needs,” MEA spokesperson Randhir Jaiswal stated in a post on X.
Himachal Pradesh’s Revenue Minister Jagat Singh Negi announced that the 450 MW Shongtong hydroelectric project in Kinnaur district is nearly 60% complete and is expected to be finished by December 2026. Negi also instructed officials to register government properties, especially PWD roads existing for over 20 years, in revenue records by August 1, 2025, ensuring…