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OPEC output hikes and trade wars have US oil producers wary of 'drill baby drill'

Despite US President Trump’s efforts to boost U.S. oil production, the industry faces potential output cuts and job losses. Increased OPEC output and tariffs have weakened demand, causing U.S. crude futures to plummet. Companies struggle to drill profitably below $65 a barrel, and rising input costs further discourage drilling, potentially benefiting OPEC and impacting rig counts.

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Facing rising power demands, Mauritius seeks Indian help in energy sectors

Mauritius is seeking India’s technical expertise and collaboration to meet its rising power needs and transition to cleaner energy sources. Facing high electricity demand, Mauritius has requested assistance in energy planning, regulatory development, and renewable energy projects. India is expected to send experts to aid Mauritius in achieving its goal of generating 60% of electricity from renewables by 2030.

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US sanctions Indian national, 2 India-based entities for transporting Iranian petroleum

The US has imposed sanctions on Jugwinder Singh Brar, an Indian national based in the UAE, and two India-based entities for their involvement in Iran’s “shadow fleet.” Brar’s companies, including Global Tankers and B and P Solutions, are accused of shipping Iranian oil on behalf of NIOC and the Iranian military, utilizing ship-to-ship transfers and falsifying documents to evade sanctions.

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SC appoints third arbitrator for Vedanta-Sepco dispute

The Supreme Court has appointed a third arbitrator to resolve the dispute between Talwandi Sabo Power Ltd (TSPL), a Vedanta subsidiary, and SEPCO Electric Power Construction Corporation. This dispute stems from engineering and construction agreements for a thermal power project in Punjab, initiated in 2009, with arbitration invoked in 2015 due to disagreements.

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Natgas demand to rise 8% annually for next 5 years

A PNGRB study forecasts India’s natural gas consumption to surge by 8% annually, reaching 297 mmscmd in five years. City gas distributors are poised to become the largest demand driver by 2030, consuming 87.1 mmscmd, surpassing the fertilizer sector. This growth is fueled by infrastructure expansion, CNG vehicle adoption, and supportive government policies.

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Power demand to grow 6.5-7.5% in summer quarter: Crisil report

India’s power demand is expected to grow 6.5–7.5% year-on-year in Q1 FY25, slower than the 11% growth seen in the same period last year, according to Crisil Intelligence. Driven by rising summer temperatures and industrial activity, overall power demand rose 4.3% in FY25 to 1.7 trillion units. Coal despatches to power plants also increased, boosting inventory levels.

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Reliance BP & Nayara Energy fuel sales outgrow PSU peers'

According to industry data, private players grew both their combined domestic diesel and petrol retail sales by 19.7% year-on-year in FY25. By comparison, state-run companies’ combined diesel sales dropped by 0.6%, while petrol grew by 6.4%. The overall sales growth for private and public retailers combined was 7.5% in petrol and 1.2% in diesel.