Shubhangi Mathur

Oil refiners to report strong Q3 performance aided by high refining margins

The state-run refiners are expected to report gross refining margins of $10-13 per barrel in the third quarter of FY26, aided by strong product cracks and benign crude prices

India slips to third among Russian oil buyers as US sanctions hit flows

RIL has cut Russian oil imports by 49 per cent, while the state-run refineries reduced it by 15 per cent in the month, said CREA

India partners Germany to develop green hydrogen infrastructure

The partnership focuses on deepening bilateral engagement while accelerating the adoption of renewable energy in India

Budget: Oil & gas sector seeks GST relief, LPG under-recovery compensation

The upstream sector wants a reduction in cess on crude oil, restoration of tax holidays for new blocks and exemption of exploration activities from GST

India-led ISA to keep working to meet goals despite US withdrawal

The withdrawal would mean ceasing of US participation and funding to these organisations

Indian Gas Exchange to launch IPO by December 2026, says MD and CEO

IGX would raise funds through offer for sale (OFS) by existing shareholders, with parent company Indian Energy Exchange (IEX) bringing down its share in the company to 22 per cent

Juniper Green raises ₹2,039 cr in debt financing for renewable projects

The company raised the debt financing from the National Bank for Financing Infrastructure and Development (NaBFID), HSBC Bank, DBS Bank India, Barclays Bank and Aseem Infrastructure Finance Limited

Venezuela needs $183 bn till 2040 to boost crude oil output to 3 mbpd

Venezuela produces only about 0.8 per cent of global crude output despite holding 18 per cent of the world's oil reserves, reflecting years of underinvestment and infrastructure constraints

ONGC partners with Japan's Mitsui to enter ethane shipping business

The explorer aims to capitalise on emerging opportunities in energy logistics, strengthen integration, and establish an operational presence in specialised shipping

US move on Venezuela oil lifts Reliance Industries, ONGC prospects

Indian oil companies that have invested in oil exploration projects in Venezuela might also be able to recover stuck dividends, with the US operating Venezuela's oil assets

Fuel demand remained strong in Dec; petrol sales grew 6.7%, diesel up 5%

Cooking gas demand increased by 12.7 per cent YoY in December supported by strong household demand

Switch to LNG may save $1 billion spent on oil imports, says PNGRB

Regulator's study is based on a scenario where 10% of diesel vehicle owners opt for LNG

India can save $1 bn in crude imports by replacing 10% diesel with LNG

Reducing liquid-fuel demand will lower exposure to global oil price shocks as India remains heavily dependent on imported crude oil, said the country's petroleum regulator

India's natural gas consumption seen rising 3-4% in FY27 on demand: Icra

After moderating in FY26, India's gas demand is expected to rebound in FY27 on higher industrial offtake and city gas distribution expansion, aided by softer LNG prices

Import of Russian oil hits 3-year low in Dec amid tighter Western sanctions

Despite sanctions, Rosneft remained India's largest Russian crude supplier in December; Lukoil also contributed significant volumes

Aramco, Oil India likely to pick up stake in BPCL's Andhra refinery

State-run BPCL is setting up a greenfield refinery and petrochemicals project near Ramayapatnam port in Nellore district to meet rising domestic demand and boost petrochemical exports

India reclaims third place in global wind market in 2025: BNEF report data

BloombergNEF says India is set to add 6.2 GW of wind projects in 2025, helping it reclaim third place globally and narrowing the gap with the US in second place

HMEL to invest ₹2,600 crore in Bathinda refinery for downstream expansion

HPCL Mittal Energy plans to invest Rs 2,600 crore at its Bathinda refinery to build polypropylene downstream industries and start fine chemical projects to expand its business

Govt's SHANTI Bill may put citizens' lives in danger: Prashant Bhushan

The SHANTI Bill could be challenged on the ground of violating Article 21 of the Indian Constitution, alleged Supreme Court lawyer Prashant Bhushan in a press conference in Delhi

India's crude oil import bill flat in November despite higher purchases

India's oil imports were worth $9.9 billion, largely unchanged Y-o-Y in November, as global prices slid