In a major step towards promoting clean energy in India, IndianOil has finalised the Levelized Cost of Hydrogen (LCOH) for setting up a 10,000 Tonnes Per Annum Green Hydrogen Generation Unit at its Panipat Refinery & Petrochemical Complex.
INTERNATIONAL Feed Atom
India is exporting more diesel on the east of Suez route into Southeast Asia in May, with shipments to the region on track for a four-year high, Reuters reported on Friday, quoting vessel-tracking data and trade sources.
World crude oil prices today, May 30, 2025
Brent crude futures fell 21 cents, or 0.33 percent, to $63.94 a barrel. U.S. West Texas Intermediate crude fell 22 cents, or 0.36 percent, to $60.72 a barrel.
Ethanol, a plant-based renewable fuel, is gaining popularity in India's clean energy sector, replacing fossil fuels. Oil Marketing Companies achieved an average Ethanol Blending Percentage of 18.4% in March 2025, nearing the national target.
Tankers sanctioned by the United States in January have been used in recent ship-to-ship (STS) transfers of Russian crude on vessels that have ultimately discharged oil in India, Bloomberg reported on Wednesday, citing tanker-tracking data from Kpler and Vortexa.
OPEC and its allies reiterated their commitment to oil market stability by extending production targets until 2026 and mandating new measures for sustainable output evaluation.
India's energy future is taking shape, steadily moving towards self-sufficiency, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, said on Tuesday.
World crude oil price today, May 27, 2025
Brent crude futures rose 26 cents, or 0.4 percent, to $65 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 25 cents, or 0.4 percent, to $61.78 a barrel.
India is expected to experience a surge in power demand and renewable energy build-out, if it boosts investments, according to the Rocky Mountain Institute.
Saudi Arabia and Kuwait have announced a new oil discovery in the so-called Partitioned Zone (PZ) between the two OPEC heavyweights which share equally output from the area.
World crude oil price today May 26, 2025
Brent crude futures rose 39 cents, or 0.6 percent, to $65.17 a barrel, while U.S. West Texas Intermediate crude rose 33 cents, or 0.5 percent, to $61.86 a barrel.
The International Energy Agency (IEA) has again found its ‘missing barrels’. Although the term should be viewed as a misnomer. Barrels are never actually missing; it is just that global demand for oil is being materially under-counted.
India is ready to increase energy imports from the United States as it seeks supplies from whichever source is most suitable to power the expansion of the world's most populous country, Minister of Petroleum and Natural Gas Hardeep Singh Puri told Newsweek.
China drove global oil demand growth over the last decade, but now India is poised to take the lead in demand growth over the next decade, according to a latest report by Moody's Ratings.
India's Russian crude oil imports will hit close to 1.8 million barrels per day in May, the highest in 10 months, ship tracking data from Kpler showed, after refiners snapped up more light grades such as ESPO Blend.
Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up output after OPEC+ eases supply controls and as fuel oil has become costly, analysts and trade sources said.
India has invoked emergency measures that require gas-fired power stations to produce more in order to ensure uninterrupted electricity supply during the summer season, as soaring temperatures boost demand.
World crude oil price today May 19, 2025
Brent crude futures fell 46 cents, or 0.7 percent, to $64.95 a barrel, while U.S. West Texas Intermediate crude fell 26 cents, or 0.4 percent, to $62.23.
India imposed curbs on imports of ready-made garments and processed food from Bangladesh, as relations between the two neighbors turned sour in recent months.
OPEC's May 2025 Monthly Oil Market Report predicts India's oil demand to rise by 3.39% from 5.55 million barrels per day in 2024 to 5.74 million in 2025, and 4.28% in 2026.