In October-November period, when the unmet demand will likely be high, and in the high-demand months of March to June, almost all the available coal capacity will be despatched, leaving little margin to manage uncertainties, the report said.
India's WPI inflation is expected to drop to 2% in February 2025, down from 2.3% in January. The decline is driven by falling oil prices and a seasonal decrease in food prices, particularly vegetables. The fuel index is also expected to remain negative due to reduced oil demand.
An American Airlines Flight 4012 caught fire at Denver International Airport, triggering the evacuation of passengers. No injuries were reported, and emergency crews quickly extinguished the fire. Video footage showed passengers exiting the aircraft and standing on its wing as flames engulfed the plane. While the cause remains unclear, this incident raises further concerns about aviation safety.
Union Minister Ashwini Vaishnaw refuted allegations by Kerala Congress, clarifying that India's 45% power generation capacity from non-fossil fuels differs from the energy generated figure. This distinction arose after an accusation of inaccuracy regarding the energy mix. Vaishnaw emphasized the difference and showcased current statistics, aiming for clarity on India's renewable energy progress.
A US-linked tanker, Stena Immaculate, collided with the Solong container ship in the North Sea, causing fires and leaving one crew member missing. Authorities are investigating the matter while emergency teams work to contain potential oil spills. Experts warn of severe environmental risks if the jet fuel leak is not swiftly controlled.
India must increase its non-fossil fuel energy capacity to 600 GW by 2030 to meet rising electricity demand. Achieving this will prevent unmet demand and reduce reliance on coal. This pathway will also reduce costs, create jobs, and lower carbon emissions. The report highlights the need for renewable energy to meet India’s demand sustainably.
He has also served as the Managing Director & Country Head for Kearney India for five years
During the last ten years till ethanol supply year (ESY) 2023-24 (November-October), ethanol blending in petrol by PSU OMCs resulted in savings of more than ₹1.13 lakh crore of foreign exchange
)
Stock jumps 50% from January lows; Motilal Oswal maintains ‘Buy’ with Rs 260 target.
Nayara Energy announced a buyback offer for its minority shareholders to purchase over 2.59 crore shares at Rs 731 each, providing an exit opportunity for shareholders unable to trade since delisting in 2016. This follows frequent shareholder requests for liquidity.
Tata Motors has begun trials for hydrogen-powered heavy-duty trucks to test their effectiveness for long-distance transportation. The 24-month trial includes 16 trucks equipped with Hydrogen Internal Combustion Engines and Fuel Cell technologies on major Indian freight routes. This initiative is part of the National Green Hydrogen Mission, aimed at reducing emissions and enhancing energy self-reliance.
India's renewable energy sector grapples with low demand for tenders, delays in power agreements, and project cancellations, jeopardizing its 2030 target of 500 GW non-fossil power capacity. With unsigned agreements totaling over 40 GW and 38.3 GW of projects canceled from 2020 to 2024, investor confidence and low-cost financing are at risk, according to IEEFA.
Oil and Natural Gas Corp's unit has acquired clean energy firm PTC Energy for 9.25 billion rupees to expand its renewable energy portfolio. PTC Energy, with 288 MW of wind generation capacity, helps ONGC progress towards its aim of achieving 10 GW renewable energy capacity by 2030.
Jet fuel consumption is expected to grow at almost 10 per cent annually in FY26
Oil prices rebounded slightly after President Donald Trump reversed Chevron's license to operate in Venezuela, affecting a quarter of the country's oil exports. Market reactions were also influenced by potential U.S. Strategic Petroleum Reserve purchases amid ongoing Russian-Ukraine peace talks.
Norway-based Haltbakk Bunkers has stopped fueling US warships after a contentious meeting between Ukrainian President Zelensky, US President Trump, and US Vice President Vance. The company cited adherence to its moral values, having previously ceased business with Russian clients over the Ukraine invasion. Norway's government assured continued support for American military actions.
A US fuel provider, Haltbakk Bunkers, has stopped supplying fuel to American warships in Norway, citing a tense confrontation between US president Donald Trump and Ukrainian president Volodymyr Zelensky. The company criticized the US' actions towards Ukraine. Meanwhile, Zelensky received strong support from UK prime minister Sir Keir Starmer during a meeting in London.
Larsen & Toubro's power transmission and distribution vertical has won new domestic and international contracts. In India, it will handle the transmission for a Renewable Energy Zone in Uttar Pradesh and a non-fossil fuel-based power plant in the south. International orders include a Gas Insulated Substation in Saudi Arabia and a new grid station in Abu Dhabi.
Around 82.1 crore litres of ethanol was utilised in the blending programme last month and during November 2024-January 2025, the blending volume stood at 222.9 crore litres
The Airbus A321XLR is revolutionizing global air travel by enabling direct routes between smaller cities with its long range and fuel efficiency. Airlines like Aer Lingus and United Airlines are launching previously unfeasible routes, reshaping travel by reducing reliance on major hubs and improving passenger comfort.
NITI Aayog is planning to establish a National Green Financing Institution to meet India's 2070 net-zero target due to insufficient climate finance. The institution will aggregate green capital from various sources to reduce capital costs. India's climate goals include reducing GDP emission intensity by 45% and achieving 50% non-fossil fuel electric power capacity by 2030.
India plans to increase ethanol blending in petrol beyond 20%, with a NITI Aayog committee exploring the feasibility. Currently, the blending rate stands at 19.6%. Petroleum Minister Hardeep S Puri mentioned that fossil fuel companies aim to achieve net zero emissions by 2045, despite developmental challenges.
Avaada Group plans to invest Rs 50,000 crore in Madhya Pradesh's green energy sector over the next five years, with significant project completion expected within three to four years. The investment is backed by global investors, contributing to India's goal of achieving 500 gigawatts of non-fossil fuel energy.
India's petroleum demand growth slowed to 3.5% this fiscal, down from 5.1% last year, mainly due to reduced diesel consumption and declining bitumen sales. Diesel sales rose 4.2% in January due to increased holiday demand and freight movement. Petrol sales remained strong, growing at 7.9% in April-January. Bitumen consumption declined by 4.9%, indicating slower road construction.
Large reserves of white hydrogen might be found in mountain ranges like the Pyrenees and the European Alps. This clean-burning gas can be extracted to replace fossil fuels and help tackle the climate crisis. Scientists are using computer models to identify the best locations for hydrogen production, offering potential hope for future energy solutions.
Oil prices rose on Friday, set to end a three-week slump. Brent and WTI prices saw modest gains as rising fuel demand and delayed U.S. tariffs eased trade war fears. Predictions of increased heating fuel use in February and potential shifts from gas to oil in Europe also bolstered prices.
Boeing and HPCL have partnered to develop a sustainable aviation fuel (SAF) ecosystem in India. This collaboration aims to increase domestic SAF production, certify locally produced SAF, and support policy development. HPCL focuses on commercializing SAF, utilizing innovative technologies like converting used cooking oil into SAF.
During the last ten years, the EBP programme helped in payment of around ₹92,409 crore to farmers as of September 2024
)
The India Energy Week (IEW) is a widely-tracked event aimed at driving global energy innovation and collaboration for a sustainable future.
Finnish oil refiner Neste plans to cut around 600 jobs due to declining renewable fuel prices and excess supply, resulting in a significant drop in quarterly profits. The firm also warned of ongoing market challenges and regulatory uncertainties in the U.S., delaying the Rotterdam refinery's commercial start.