India’s crude oil imports from Russia surged in March, with purchases tripling to €5.3 billion as volumes doubled and prices rose, according to Centre for Research on Energy and Clean Air. The spike followed a US sanctions waiver, prompting state refiners to resume buying. Russia remained India’s top supplier, while China led overall purchases. Asian…
India’s Bharat Petroleum is increasing spot crude purchases due to Middle East supply disruptions from the U.S.-Iran conflict, impacting its import strategy. The state-run refiner is running at 115% capacity, with Russian oil discounts narrowing significantly. Despite recent price hikes, BPCL continues to face losses on diesel and petrol sales.
Nayara Energy, an Indian refiner with Russian backing, faced EU sanctions. The company then revised payment terms for a naphtha export tender. It sought advance payment or a letter of credit. Consequently, the tender was skipped. A BP-chartered tanker also left a Nayara port without loading. Nayara has criticized the EU sanctions as unjust.
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…
ExxonMobil’s director of economics and energy, Prasanna V Joshi, stated that investments in oil and gas production are becoming more critical as alternative solutions are not emerging as rapidly as anticipated. Capital originally planned for transition projects is being reallocated to conventional oil and gas due to market and policy challenges for low-emission technologies.
Russian oil shipments to India surged in late November. This rebound shows Russian suppliers finding new ways to deliver oil. Indian refiners are regaining confidence in these imports. Despite US sanctions, India continues to buy Russian crude. Shipments are moving through indirect routes. This resilience highlights adaptive supply chains and trading patterns.
India’s coal use will decrease significantly by 2047. Experts emphasize responsible coal deployment for development. Technologies can cut emissions by up to 99 percent. Reliable and affordable power remains crucial, especially with rising energy demands. Sustainable coal practices are vital for the nation’s progress.
Parliamentary panel members questioned Oil Ministry officials about petrol and diesel shortages. Officials confirmed crude oil stocks for 78 days. Thirteen Indian ships remain stranded in West Asia due to the Strait of Hormuz closure. The government is working to ensure no shortages, but war uncertainty persists. Fertiliser availability is also assured.
India and Japan are addressing disruptions in energy supply chains and maritime connectivity. External Affairs Minister S Jaishankar met his Japanese counterpart Toshimitsu Motegi. They discussed bilateral cooperation and global issues. Both nations are energy importing and big trading countries. Economic security is a key concern for both. They aim to advance industrial and technological…
Tata Power plans a significant capital expenditure of Rs 1.25 trillion from FY26-30, with 65% dedicated to clean energy projects. The company aims to reach 30 GW production capacity by FY30, including 20 GW of green energy. This expansion is projected to generate Rs 1 lakh crore in revenue and Rs 10,000 crore in PAT…