BPCL’s finance chief, Vetsa Ramakrishna Gupta, anticipates oil prices to remain stable in the near term, fluctuating between $60-70 per barrel as US tariff uncertainties resolve. He dismisses the possibility of a significant price crash similar to 2015-16, expecting OPEC to implement production cuts if prices decline to $50-55.

Assam Chief Minister Himanta Biswa Sarma met with Vedanta Group representatives to plan the company’s Rs 50,000 crore investment in Assam’s energy sector. Vedanta aims to boost oil and gas production to 100,000 barrels per day, potentially transforming the region into a major hydrocarbon hub.

India’s diesel demand growth hit a pandemic-era low in fiscal year 2024-25, rising just 2% due to a slowing economy and the increasing adoption of electric vehicles. While diesel still dominates the transport sector, the shift to EVs in public transport and logistics is moderating its growth.

As Europe grapples with energy security concerns amid geopolitical shifts and strained relationships with the U.S., major EU firms are considering a partial return to Russian gas imports, including from Gazprom. This potential shift comes as the EU aims to reduce reliance on U.S.