IEA
Global gas supplies could tighten in winter amid unprecedented Strait of Hormuz supply shock: IEA
Global natural gas supplies could tighten further during the 2026-27 winter heating season, as disruptions to trade flows through the Strait of Hormuz pose an unprecedented supply shock to the global liquefied natural gas (LNG) market, according to a report by the International Energy Agency (IEA).
Adani CNG price crosses Rs 100 per kg mark in Ahmedabad for first time
Adani CNG prices in Ahmedabad have crossed Rs 100 per kg for the first time in history. This price hike has increased rates from Rs 98.47 to Rs 100.77 per kg. In Vadodara, CNG prices have also risen, reaching Rs 98.95 per kg recently. Currently, petrol prices in Ahmedabad are slightly higher at Rs 101.83 per litre. These changes have brought CNG prices closer to petrol rates in the region.
India's natural gas demand to decline 2% in 2026 despite 10% rise in LNG imports: IEA
The trend highlights the challenges facing India's gas market as disruptions to global LNG supplies through the Strait of Hormuz and elevated international prices reshape supply and consumption patterns. The IEA said the outlook would remain influenced by global supply availability and domestic production trends.
Renewable energy could save India $240 billion in coal, gas imports by 2030: IEA
The savings are expected to increase as solar and wind power displace imported fossil fuels, with annual savings projected to reach around USD 35 billion by 2030, exceeding India's actual non-coking coal and natural gas import bill in the financial year 2024-25.
US oil companies aim to squeeze more out of refineries as war supply crunch weighs
US oil companies are enhancing refinery capacities and reopening closed plants due to global supply disruptions. ExxonMobil and Chevron reported record profits, attributed to soaring commodity prices and refinery margins. Additionally, ongoing conflicts have severely impacted refining output, particularly in Russia and Iran. Analysts suggest that it may take until next year for supply chains to stabilize.
See data centres less as energy-sucking private warehouses, and more as quasi-public utilities
We need data centres. They run far more than ChatGPT. Search, banking, streaming, social networks, cloud software, government services, hospitals and almost every company's digital operations depend on them. AI simply raises the requirement dramatically. Google says its Vizag hub will provide new subsea connectivity for India. IEA says electricity use by AI-focused data centres jumped 50% in 2025. A country without serious compute infrastructure risks becoming a consumer, rather than a producer, of the AI revolution.
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High freight rates narrow Indian refiners’ crude oil choices, squeeze margins
With freight rates reaching unprecedented levels, Indian refiners are facing escalating crude oil expenses that are eroding their margins. Notably, oil in the physical market is trading at a considerable premium over Brent futures, making Middle Eastern imports more desirable. The Iran conflict has led to congestion and trade shifts, aggravating delivery challenges. As a result, Indian refiners are increasingly turning to Gulf crude to meet their needs.
The future of AI depends on how we design the energy infrastructure that powers it
The design challenge is to make the building, its engineering systems, and its computing infrastructure work as one, accommodating rising densities and new technologies without repeated redesign.
From rocks to riches: India’s unfinished critical minerals story
India's manufacturing industry is significantly affected by its heavy reliance on imported critical minerals like lithium and cobalt. The recent supply disruptions from China have highlighted weaknesses in India's domestic capacity for refining these minerals. Efforts to enhance mineral processing and create integrated production facilities are underway to reduce import dependence.
Festive demand drives India's diesel sales in October, data shows
Indian diesel consumption has risen significantly, driven by increased demand from the agriculture and transportation sectors. State-run fuel retailers continue to maintain fuel prices below market rates, which attracts consumers. In contrast, private retailers have increased their prices and are exporting fuels. The ongoing festival season has led to heightened purchases by wholesalers to build inventory. Diesel is also being used to generate electricity due to rising power demand.
Oil Price Today (October 16): Crude oil dips to $105 as Trump mulls easing restrictions on sanction-facing nations. What’s next?
Brent crude futures fell 41 cents, or 0.39%, to $105.51 a barrel, while US West Texas Intermediate crude futures declined 54 cents, or 0.55%, to $97.43. WTI settled up more than 3% on Thursday after a large US crude stock draw helped support prices, while Brent crude was little changed.
Oil Price Today (October 15): Crude oil dips to $105 despite rising Middle East tensions. Here’s why
Brent crude futures declined $1.50, or 1.41%, to $104.55 a barrel, while US West Texas Intermediate (WTI) crude futures dropped $1.02, or 1.07%, to $94.07. Both benchmarks reversed gains made in the previous session.
Oil prices fall as investors weigh supply outlook, Middle East tensions
Oil prices experienced a downturn as investors weigh the repercussions of shipping assaults in the Strait of Hormuz, particularly from Houthi attacks on Saudi Aramco, heightening supply disruption fears. In response, the US is considering relaxing sanctions on oil transport vessels to stabilize consumer prices. Meanwhile, increased Russian oil production is aiding market stabilization, complemented by a notable decline in US crude oil inventories reported by the American Petroleum Institute.
EAM Jaishankar to embark on three-day visit to UAE
External Affairs Minister Dr. S. Jaishankar is scheduled to visit the United Arab Emirates from October 14 to 16. He will engage in a bilateral meeting with his counterpart to assess the India-UAE Comprehensive Strategic Partnership. This visit occurs amid escalating tensions between the United States and Iran affecting global diesel prices. Additionally, Dr. Jaishankar will participate in the 2nd edition of the Raisina Middle East event in Abu Dhabi.
Record oil tanker rates put pressure on Asian refiners, IEA says
Asian oil refiners are facing increased shipping costs that are significantly affecting their profit margins. The cost of transporting oil via supertankers from the Middle East has surged sharply, leading to higher delivery prices. As a result, many refiners have seen their processing margins turn negative in recent months. Although refiners can buy US crude, shipping rates have also risen considerably for these imports.
Global oil demand to fall by 2.6 million barrels per day in 2026, diesel to account for 25 pc of decline: IEA
Global oil demand is anticipated to decrease significantly in 2026 due to the impact of the Iran war. Diesel is expected to account for 25 percent of this decline in demand. Oil supply is projected to rise temporarily before experiencing a drop in 2026, complicating market conditions. Additionally, refinery margins are under pressure from higher crude costs, affecting global output.
Tata Power announces ₹15,000 crore Mumbai grid expansion plan to meet rising AI demand
Tata Power is implementing its ₹15,000 crore plan expand its transmission network in Mumbai and is intended to support the increasing energy requirements of hyperscalers and data centres. The company plans to enhance its existing 110 kV and 220 kV networks while developing new receiving stations. The company also aims to expand its green energy projects as well as its overall infrastructure capacity.
Not gold, GDP, military strength or rare earths: Elon Musk, the world’s richest person, says this hidden metric reveals true economic strength
Elon Musk has offered a different way to judge the strength of a major economy. In an October 10 post on X, the Tesla and SpaceX chief executive argued that electricity production is the best measure of a country's economic strength.
Crude oil crisis in Hormuz: Much more than just price and quantity
The conflict in Iran has closed the Strait of Hormuz, severely impacting global oil shipments and market dynamics. While oil availability has seemingly increased, a logistics premium affects shipping costs and insurance. This situation has led to heightened risks, causing delays in transit times and increased tanker requirements. Diesel shortages are also rising, with prices escalating significantly as supply chains are disrupted.
Trump announces surprise diesel deal with Putin: How much will Russia ship and would it be enough to bring down prices?
Donald Trump announced a new deal with Russia to import diesel aimed at reducing fuel prices in the US. Under the agreement, 300,000 tons will be released immediately, followed by additional shipments over the coming months. Ukrainian President Volodymyr Zelenskyy criticized the deal, calling it a gift to Putin that undermines peace efforts. Several US lawmakers, including some Republicans, also expressed opposition to the agreement.
Oil Price Today (October 8): Crude oil jumps 2% to $102 amid rising attacks on ships in Middle East. What lies ahead?
Oil prices climbed on Thursday, with Brent crude surpassing $102 a barrel as Middle East tensions and attacks on Gulf shipments heightened supply concerns. WTI also rose nearly 2%. Falling US crude inventories added support, while analysts warned prolonged Strait of Hormuz disruptions could push prices significantly higher, potentially toward $120.
Oil rises as Middle East supply concerns persist amid shipping attacks
Rising oil prices are driven by persistent supply concerns from the Middle East. This month has seen a surge in attacks on shipping in the Gulf and the Strait of Hormuz, despite the International Energy Agency releasing oil stocks. Recent U.S. inventory reports indicated larger-than-expected declines in crude stockpiles. These trends point to potential volatility in the oil market that could last for the foreseeable future.
Chengdu firm turns used hotpot oil into jet fuel feedstock
Chengdu-based Sichuan Jinshang Environmental Technology collects used hotpot oil from restaurants and refines it into industrial-grade oil for export. That material is then turned into sustainable aviation fuel. The company started the work in 2017 and produces up to 150,000 tonnes of the oil annually. It plans to open a facility that could make 300,000 tonnes of SAF per year.
As AI threatens to overload the power grid and America faces an electricity crunch, here’s what tech giants are betting on to keep the power flowing
U.S. electricity consumption grew by less than 0.5% annually. Now, AI data centers, factories, robotics and wider electrification are pushing power needs higher. Nuclear energy is gaining attention because it can provide steady, low-carbon electricity at scale.
The sheer energy India brings with it
India has provided power connections to over 300 million people since 2015 and improved gas supply accessibility. The country has installed 160 GW of solar panels, achieving its renewable targets ahead of schedule. India is also pursuing a tenfold increase in its nuclear energy capacity by 2047. Additionally, India has strengthened its petroleum refining capacity to enhance fuel supply security.
Despite G7, fuel inflation will remain
G7's recent decision to release 100 million barrels of oil from reserves is unlikely to significantly alleviate fuel inflation as it overlaps with earlier commitments. Despite political pressures ahead of midterm elections, supply disruptions and high global demand may continue to drive prices upward, with corrections expected only by 2027.
When could Americans feel the impact of G7’s 100 million-barrel oil release? Experts explain what households can expect
The G7 nations have decided to release a total of 100 million barrels of oil and refined fuel products over the next four months. This initiative is designed to stabilize energy supplies and protect consumers from erratic price changes. Experts predict that diesel prices could see a reduction for American motorists in the coming weeks, although any effects on household fuel costs might not be as immediate or substantial.
G7 nations agree to release 100 million barrels of oil, including diesel, a boost for Trump
G7 nations have agreed to release 100 million barrels of oil over four months to ease soaring fuel prices, with a substantial amount of diesel to be released within the first 20 days. The International Energy Agency will coordinate the releases.
Why are oil prices down today? G7 countries' oil reserve release plan to push crude rates lower
Oil prices fell today as G7 countries moved towards releasing up to 100 million barrels of diesel and crude reserves over four months. Brent crude has slipped below $100 a barrel, while US oil prices have fallen around 5% today.
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