Energy & Petroleum News Today

Sinopec has lowered its domestic Benzene list prices in China by CNY 350/MT, setting the new price at CNY 6,600/MT on an EXW basis.

India holds substantial coal reserves (389.42 bn tonnes of coal and 47.29 bn tonnes of lignite) ensuring energy security. Coal production reached a record 997.826 MT in 2023-24, up 11.71% from the previous year.

Petroleum and bitumen prices are on an upward trend in India amid geopolitical tensions, Red Sea disruptions, and strong domestic infrastructure demand. Crude discoveries and global policy shifts add to volatility. While Indian prices rise, European bitumen prices remain weak. Market outlook stays firm, though tempered by economic and geopolitical risks.

Ola Electric faces a government probe over a 65% gap between reported sales (25,000 scooters) and actual registrations (8,600) in February 2025. The company claims a registration backlog.

Advait Energy's shares rose 7% after winning Power Grid's OPGW-04 tender for transmission line installations across India. The stock traded 2.07% higher at Rs 1,190 on NSE.

India prioritizes nuclear safety, aiming to boost capacity from 8,180 MW to 22,480 MW by 2031-32. Plants adhere to stringent safety protocols, with radiation levels below global benchmarks.

Ultracab secures a Rs. 9.70 crore order from Adani Electricity Mumbai to supply LT PVC cables by March next year. This follows recent orders worth Rs. 10.23 crore.

India's coal production reached a record 997.826 million tonnes in 2023-24, up 11.71% YoY. Government initiatives aim to boost domestic production and reduce import reliance.

MG Motor sold 22,646 EVs in India during 2024, with 47.2% (10,698 units) sold in South India. The Windsor EV leads sales, starting at Rs. 9.99 lakh under the 'Battery As A Service' scheme.

Karnataka plans to have gram panchayats generate their own electricity through PPP models to reduce financial burden. The state has 5,949 gram panchayats and the RDPR department owes Rs 4,547.8 crore to electricity supply companies.