US and Saudi Arabia Sign Civilian Nuclear Deal
The US and Saudi Arabia signed two civilian nuclear cooperation agreements Wednesday, with Energy Secretary Chris Wright and Saudi counterpart Prince Abdulaziz bin Salman as signatories.
Tag
energy-policy
OMCs Bleed ₹550 Crore Daily on Petrol, Diesel, LPG
India's state-run oil marketing companies are absorbing ₹550 crore in daily losses on petrol, diesel, and LPG as conflict-linked disruptions keep global crude costs elevated. Privately-owned OMCs have seen diesel sales drop 38% this month as buyers shift to cheaper state-run pumps.
OMCs Raise Fuel Prices Fourth Time in 11 Days
India's state-run oil marketing companies have raised petrol and diesel prices by ₹2.7 per litre for the fourth time in 11 days, bringing the total increase to ₹7.5 to ₹8 per litre. The rapid catch-up hikes point to OMCs unwinding accumulated losses, with knock-on pressure on freight costs and retail inflation.
NTPC Files First Nuclear Feasibility Study for 2 GW Target
NTPC is submitting its first nuclear feasibility study to the Department of Atomic Energy to secure approval for standalone nuclear projects. The company targets 2 GW of nuclear capacity by 2032 and is evaluating sites in Bihar and other states.
State Oil Firms Absorb Rs 30,000 Cr Loss to Hold Fuel Prices
India's state-run oil firms absorbed an estimated Rs 30,000 crore in losses by keeping petrol, diesel, and LPG prices frozen during a global energy shock. Government excise duty cuts helped partially offset the shortfall, but financial stress on these companies is now significant.
US Sanctions Block 1.8M Barrels of Iranian Oil Daily
US sanctions are blocking approximately 1.8 million barrels per day of Iranian crude oil from global markets. The supply squeeze puts upward pressure on global oil prices and cuts a key revenue source for Tehran.
Cabinet Set to Clear Rs 37,500 Cr Coal Gasification Scheme
India's Union Cabinet is set to approve a Rs 37,500 crore incentive scheme for coal gasification projects, targeting reduced imports of LNG and urea. The plan uses domestic coal to produce syngas, which can replace imported natural gas in fertiliser and chemical production.
UAE Exit Threatens Saudi Control of OPEC
The UAE is moving to exit OPEC, directly challenging Saudi Arabia's control over the oil cartel and its quota-based production strategy. A UAE departure could weaken OPEC's supply discipline, adding volatility to global oil prices and raising energy costs for major importers like India.
Bessent Rules Out Oil Sanctions Relief for Russia, Iran
US Treasury Secretary Scott Bessent has ruled out sanctions relief for Russian and Iranian oil, keeping full economic pressure on both countries. The move removes a potential supply boost from global markets and raises costs for countries, including India, that rely on discounted Russian crude.
UAE Quits OPEC in Planned Strategic Break
The UAE has decided to leave OPEC, ending its long membership in the oil producers' cartel. Experts say the move reflects frustration with production quotas that limited Abu Dhabi's output ambitions, compounded by geopolitical pressure from the US-Iran conflict reshaping alliances across the region.
UAE Eyes OPEC Exit as Economy Outgrows Oil
The UAE, where non-oil sectors now generate about 75% of GDP, is weighing an exit from OPEC as production quotas clash with Abu Dhabi's economic ambitions. A departure could lift UAE output, add global oil supply, and weaken OPEC's ability to manage prices.
UAE Exits OPEC Effective May 1
The UAE, OPEC's third-largest producer, is leaving the cartel on May 1. Its exit reduces OPEC's collective output control and could allow the UAE to pump oil without group restrictions. The impact on crude prices depends on how independently the UAE chooses to operate.
UAE exits Opec and Opec+ producer groups
The UAE has announced it is leaving Opec and Opec+, the producer groups that coordinate global oil output. The exit removes one of the Gulf's largest producers from supply agreements, raising questions about the bloc's ability to manage output. Markets will watch for any UAE production increase and a Saudi response.
UAE to Permanently Exit OPEC on May 1
The UAE announced it will permanently exit OPEC on May 1 after an official review of its oil production policy. Losing one of its largest producers weakens OPEC's ability to control global oil supply and prices. The exit could allow the UAE to pump oil freely beyond current cartel-imposed limits.
UAE Exits OPEC After 59 Years, Frees Output
The UAE will leave OPEC on May 1, ending nearly six decades of membership in the producer group. The exit lets the country raise oil output freely, adding potential supply to an already volatile market. This could push crude prices lower and may prompt other quota-frustrated members to reassess their own positions.
Telangana Orders Real-Time EV Charging Dashboard
Telangana Chief Secretary Shanti Kumari has ordered a real-time EV charging infrastructure dashboard and directed the Energy Department to draft a policy mandating charger installations in apartment basements. The move extends state EV infrastructure planning into private residential buildings, shifting compliance
US Probes Oil Trades Before Trump Iran Policy Shifts
US authorities are investigating suspicious oil trades placed ahead of Trump administration policy shifts on Iran, a source says. The probe suggests traders may have acted on advance knowledge of sanctions or diplomatic moves, which can cause sharp crude price swings. No charges or named subjects have been disclosed.
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Tag
energy-policy
US announces civilian nuclear deal with Saudi Arabia, says it includes non-proliferation safeguards
The US and Saudi Arabia signed two civilian nuclear cooperation agreements Wednesday, with Energy Secretary Chris Wright and Saudi counterpart Prince Abdulaziz bin Salman as signatories.
1mo ago · 4 min · Global Affairs
OMCs absorbing ₹550 Crore daily losses from petrol, diesel, LPG amid conflict-led disruptions: Government
India's state-run oil marketing companies are absorbing ₹550 crore in daily losses on petrol, diesel, and LPG as conflict-linked disruptions keep global crude costs elevated. Privately-owned OMCs have seen diesel sales drop 38% this month as buyers shift to cheaper state-run pumps.
3mo ago · 3 min · Economy
OMCs hike fuel prices, this time by ₹2.7 a litre
India's state-run oil marketing companies have raised petrol and diesel prices by ₹2.7 per litre for the fourth time in 11 days, bringing the total increase to ₹7.5 to ₹8 per litre. The rapid catch-up hikes point to OMCs unwinding accumulated losses, with knock-on pressure on freight costs and retail inflation.
3mo ago · 3 min · Economy
NTPC to submit first nuclear project feasibility study
NTPC is submitting its first nuclear feasibility study to the Department of Atomic Energy to secure approval for standalone nuclear projects. The company targets 2 GW of nuclear capacity by 2032 and is evaluating sites in Bihar and other states.
3mo ago · 2 min · Business
India's oil companies bleed Rs 30,000 cr as fuel prices held steady despite global energy shock
India's state-run oil firms absorbed an estimated Rs 30,000 crore in losses by keeping petrol, diesel, and LPG prices frozen during a global energy shock. Government excise duty cuts helped partially offset the shortfall, but financial stress on these companies is now significant.
3mo ago · 2 min · Economy
US blockade strands 1.8m barrels a day of Iranian crude oil
US sanctions are blocking approximately 1.8 million barrels per day of Iranian crude oil from global markets. The supply squeeze puts upward pressure on global oil prices and cuts a key revenue source for Tehran.
3mo ago · 2 min · Global Affairs
Cabinet to soon approve Rs 37,500 cr incentive scheme to promote coal gasification projects
India's Union Cabinet is set to approve a Rs 37,500 crore incentive scheme for coal gasification projects, targeting reduced imports of LNG and urea. The plan uses domestic coal to produce syngas, which can replace imported natural gas in fertiliser and chemical production.
3mo ago · 2 min · Policy & Government
Saudi oil prince's iron grip faces ultimate test with UAE's shock OPEC exit
The UAE is moving to exit OPEC, directly challenging Saudi Arabia's control over the oil cartel and its quota-based production strategy. A UAE departure could weaken OPEC's supply discipline, adding volatility to global oil prices and raising energy costs for major importers like India.
3mo ago · 3 min · Global Affairs
No more sanctions relief for Russian, Iranian oil, says US Treasury Secretary
US Treasury Secretary Scott Bessent has ruled out sanctions relief for Russian and Iranian oil, keeping full economic pressure on both countries. The move removes a potential supply boost from global markets and raises costs for countries, including India, that rely on discounted Russian crude.
3mo ago · 3 min · Global Affairs
UAE exits OPEC: What forced the West Asian nation to junk the oil cartel amid the US-Iran war? Explained
The UAE has decided to leave OPEC, ending its long membership in the oil producers' cartel. Experts say the move reflects frustration with production quotas that limited Abu Dhabi's output ambitions, compounded by geopolitical pressure from the US-Iran conflict reshaping alliances across the region.
3mo ago · 3 min · Global Affairs
UAE Exits OPEC | The Reason Why
The UAE, where non-oil sectors now generate about 75% of GDP, is weighing an exit from OPEC as production quotas clash with Abu Dhabi's economic ambitions. A departure could lift UAE output, add global oil supply, and weaken OPEC's ability to manage prices.
3mo ago · 2 min · Global Affairs
United Arab Emirates leaving OPEC, effective May 1
The UAE, OPEC's third-largest producer, is leaving the cartel on May 1. Its exit reduces OPEC's collective output control and could allow the UAE to pump oil without group restrictions. The impact on crude prices depends on how independently the UAE chooses to operate.
4mo ago · 1 min · Global Affairs
United Arab Emirates to quit oil cartel Opec
The UAE has announced it is leaving Opec and Opec+, the producer groups that coordinate global oil output. The exit removes one of the Gulf's largest producers from supply agreements, raising questions about the bloc's ability to manage output. Markets will watch for any UAE production increase and a Saudi response.
4mo ago · 1 min · Global Affairs
United Arab Emirates says it will permanently leave OPEC on May 1
The UAE announced it will permanently exit OPEC on May 1 after an official review of its oil production policy. Losing one of its largest producers weakens OPEC's ability to control global oil supply and prices. The exit could allow the UAE to pump oil freely beyond current cartel-imposed limits.
4mo ago · 1 min · Global Affairs
UAE To Exit OPEC After Nearly 60 Years
The UAE will leave OPEC on May 1, ending nearly six decades of membership in the producer group. The exit lets the country raise oil output freely, adding potential supply to an already volatile market. This could push crude prices lower and may prompt other quota-frustrated members to reassess their own positions.
4mo ago · 1 min · Global Affairs
Develop real-time dashboard to map and monitor EV charging infrastructure: Telangana CS
Telangana Chief Secretary Shanti Kumari has ordered a real-time EV charging infrastructure dashboard and directed the Energy Department to draft a policy mandating charger installations in apartment basements. The move extends state EV infrastructure planning into private residential buildings, shifting compliance
4mo ago · 1 min · Policy & Government
US probes suspicious oil trades made before Trump Iran pivots, source says
US authorities are investigating suspicious oil trades placed ahead of Trump administration policy shifts on Iran, a source says. The probe suggests traders may have acted on advance knowledge of sanctions or diplomatic moves, which can cause sharp crude price swings. No charges or named subjects have been disclosed.
4mo ago · 1 min · Policy & Government
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