

The US has waived sanctions on Iranian oil sales for 60 days, potentially boosting global oil supplies and lowering prices amidst increased demand. Indian refiners are expected to cautiously resume imports, considering trade feasibility and payment mechanisms.
Reliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green chemicals. This strategy aims to create new revenue streams and reduce exposure to global energy market volatility. Reli…

HYDERABAD, India, June 17, 2026 /PRNewswire/ -- A recent analysis from Mordor Intelligence indicates that the geothermal energy market is becoming an increasingly important renewable power source. The worldwide installed capacity for geothermal energy is expe…
BESS market growth is being strongly shaped by utility-scale procurement mandates across the US, China, and the EU, which are accelerating gigawatt-scale deployments, while grid-forming inverter requirements are unlocking new co-location value streams. In par…

Crude oil inventories in the United States decreased by 3.3 million barrels during the week ending May 22, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The decrease brings commercial stockpiles to 441.7 mil…

LNG has been a huge success story for the U.S. but further demand is not guaranteed and long-term contracts may lead to stranded LNG terminals in the U.S.
Iran's embassy in India has rejected remarks by US Secretary of State Marco Rubio accusing Tehran of seeking "to take the energy market hostage," saying the allegations were a deliberate attempt to distort reality.
CNG prices in Delhi have seen another Re 1 hike, the third in ten days, following similar increases in petrol and diesel. This surge is attributed to global energy market pressures stemming from Middle East tensions and the Strait of Hormuz blockade, which ha…
India's refinery operations remain robust despite global energy market disruptions from the Strait of Hormuz crisis. The nation has diversified crude purchases, increasing imports from multiple sources, including significant Russian oil acquisition, to mainta…

DELRAY BEACH, Fla., May 6, 2026 /PRNewswire/ -- According to MarketsandMarkets™, the global Gas-Insulated Switchgear Market size is projected to grow from USD 28.00 billion in 2026 to USD 38.36 billion by 2031 at a compound annual growth rate (CAGR) of 6.5% d…

In its latest Annual Statistical Bulletin, OPEC projected that world oil demand grew by 1.30 million barrels per day year on year in 2025, a release posted on OPEC's site outlined.

The UAE’s shock decision to leave OPEC is about a lot more than the price of a barrel of oil, explains energy trader Joe DeLaura.