Trade tensions to hit India oil consumption: World Bank
0The World Bank forecasts that India’s oil consumption will be negatively affected by escalating trade tensions. Globally, oil consumption growth is expected to slow significantly in...
Shell’s plan to sell Sprng Energy stalls amid lukewarm investor interest
0Shell’s attempt to sell Sprng Energy faces challenges due to valuation disagreements. Discussions with Sekura Energy and ONGC stalled. Investors offered less than expected for Sprng...
India ready to collaborate openly to build inclusive global energy future: Hardeep Singh Puri
0Union Minister Hardeep Singh Puri stated India’s commitment to an inclusive global energy future through open collaboration, highlighting the India-Middle East-Europe Economic Corridor (IMEC) as a...
Indian refiners purchase more US crude before trade talks in May
0Ahead of trade talks, Indian refiners are increasing US oil purchases, with June imports set to hit an 11-month high due to discounted WTI prices and...
Delhi's power demand peaks at 6,015 MW, highest on Apr 28 in last three years
0Delhi’s power demand surged to a season-high of 6,015 MW on Monday, driven by scorching temperatures reaching 40.4 degrees Celsius. This peak demand, recorded at 3:30...
Adani Energy Solutions eyes capex hike to Rs 18k crore
0AESL’s profit after tax surged 87% year-on-year to Rs 714 crore in the March quarter, while total income rose 36% to Rs 6,596 crore. For the...
Govt may skip clearance process of IWT for 5 key J&K hydroelectric projects
0India is considering expediting five hydroelectric power projects in Jammu & Kashmir, potentially bypassing the Indus Waters Treaty (IWT) clearance process. This move aims to boost...
NITI Aayog reviews role of central, state electricity regulators
0India is set to overhaul its power sector regulations, prompted by NITI Aayog’s study on the effectiveness of electricity regulatory commissions (ERCs). The study aims to...
Demand-supply imbalances, weakness in transportation fuel cracks impacted O2C segment: Mukesh Ambani
0Reliance’s profit edged up by 2% year-on-year, although its oil-to-chemicals segment faced challenges due to weak transportation fuel cracks and downstream chemical market imbalances, resulting in...
India considers allowing 49% foreign stakes in nuclear power plants
0India is considering allowing foreign companies to hold up to a 49% stake in its nuclear power plants, according to government sources. This move aims to...