India’s battery energy storage capacity will see a massive jump in 2026. Capacity is expected to rise nearly ten times from 2025 levels. This surge is driven by a significant number of projects moving from tendering to execution. The year 2026 marks a critical point for the industry. Projects awarded since mid-2023 will become operational.
Reliance Industries will not receive Russian crude oil in January, potentially slashing India’s imports to a multi-year low. This follows U.S. warnings over India’s significant Russian oil purchases, which have drawn Western criticism. Stricter sanctions have already reduced Russian oil flows to India, with Reliance’s halt likely leaving only Nayara Energy and state refiners as…
The oil and gas sector is poised for a strong operational performance in Q3FY26, with aggregate EBITDA projected to rise 17% year-on-year. This growth is primarily driven by downstream and city gas segments, despite a weaker upstream performance. Refining and marketing segments are expected to outperform due to improved gross refining margins.
Former Chief Economic Adviser Arvind Subramanian stated that US strikes on Venezuela are unlikely to significantly impact the global oil market. He noted that prevailing market opinion suggests limited consequences for oil prices, indicating no major disruption to supply or pricing. This comes after the US captured Venezuelan President Nicolas Maduro and his wife following…
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…