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Escalation Can Push Prices To $120 -125 /Bbl: Continuing Tensions In Middle East Keep Crude Prices High
more...
Trump Chickens Out Again: India To Continue Importing Discounted Russian Crude Oil
more...
Trump, Rubio Seek Help From Russia, India To Augment Global Diesel Supplies
more...
India Aims To Be The Largest Producer Of Sustainable Aviation Fuel
more...
Strong Domestic Demand Pulls Down Petroleum Products’ Export
more...
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LNG Imports Being Pruned? Surging LNG Prices Prompts India To Reconsider Its Import Strategy
more...
BPCL Outsmarts Other Oil Marketing Companies In GRM
more...
HPCL Floats Tender To Acquire Six Reactors Indian Refineries Aggressively Opt For Advanced Reactors
more...
India’s New Obsession With Hydrogen Safety Standards
more...
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India Emerging As A Force In Alternate Energy
more...
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BPCL Commissions Green Hydrogen Plant at Bina Refinery
more...
Topsoe Gets Technology Contract For BPCL’s SAF Project
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VZFOX Enters India To Support Domestic Energy Production
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OIL Signs CBM Exploration Contract For 272 Sq Km Block
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Adani Green Energy Posts Quarterly Profit Rise
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Essar Oil & Gas Bags Five CBM Blocks
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- Global gas demand will not peak before 2035, says GlobalData
- BPCL and IIT Kanpur Host MC²+ Ignite Outreach Event to Accelerate India’s Energy Innovation Ecosystem
- BPCL and Akasa Air Successfully Operate Commercial Flight Using Sustainable Aviation Fuel (SAF)
- Tata Power Solaroof Surpasses 5 Lakh Rooftop Solar Installations; Facilitates Over ₹85 Billion in Solar Financing
- ABB and Rolls-Royce SMR sign MoU on nuclear small modular reactor collaboration
- Blue Planet releases first Annual Sustainability Report 2026 reporting 8.92 Million tonnes of waste processed and 1.24 Million tCO₂e in Estimated avoided emission
- Bharatgas Lite ZIP Marks 100-City Milestone, Expanding BPCL’s LPG Reach
- BPCL Flags Off First Extreme Weather Grade (XWG) Diesel Rake from Bina Refinery to Power Indian Army’s High-Altitude Operations
- Oil Marketing Companies (OMCs) test for Moisture & Chloride presence in E20 Petrol: Claims of 500 ppm Chloride and presence of moisture not validated
- GAIL Inks Pact with KABIL to Strengthen Collaboration in Critical Minerals
- AkzoNobel CEO Greg Poux-Guillaume is the 2026 ICIS CEO of the Year
- BPCL Reinforces Fuel Quality Assurance Across Its Retail Outlet Network
- Siemens Energy begins preparations for the launch of an independent brand
- Belding India Unveils Hybrid BESS to Accelerate India's Transition Towards Smarter, Cleaner and Reliable Power Solutions
- AmpereHour Energy Launches Intelligent Energy Storage Manufacturing Platform, Bringing Digital-First BESS Integration to India
- Shri S.K. Sinha assumes charge as Director (Finance) of GAIL (India) Limited
- BPCL partners with Shell and Tiki Tar to expand value-added bitumen portfolio
- Juniper Green Energy deploys India’s Largest Wind Turbine with Envision Energy India
- ONGC and bp sign Technical Services Contract to enhance production from fields in the Western Offshore Basin
- Oil India and Kellton Advance Intelligent Oilfield Operations with the Successful Launch of Large-Scale Digital Wellhead Monitoring System
- GAIL reports PAT of ₹69.68 billion for FY 2025-26; profitability moderated amid global headwinds, operations remain resilient
- EemsGas project receives commitment for €150 million operating subsidy for green gas production
- Demand Surge, System Response”: How HPCL is Managing Unprecedented LPG Demand with Precision and Scale
- THINK Gas Launches GIS Platform for Instant PNG Availability Check, Faster Connections
- HPCL Ensures LPG Supply Continuity, Enforces Zero-Tolerance Discipline Across Network
- Mahanagar Gas Limited assures uninterrupted PNG and CNG supply; ntroduces customer focused PNG initiatives and benefits
- BPCL and Sembcorp JV (NeuEn Green Energy) secures 10KTPA Green Hydrogen Contract from Numaligarh Refinery
- ICIS introduces Iberian and Italian flake pricing to reflect regional divergence in rPET market
- Ground-breaking ceremony of GAIL’s upcoming R&D centre
- BPCL Accelerates Greenification of Natural Gas Ecosystem at GAIL Saksham Meet in Varanasi
- BPCL Launches ‘Bharatgas Lite’, Naye Bharat Ka Naya Cylinder for Goan households
- BPCL Strengthens Aviation Fuel Infrastructure with Dedicated ATF Pipeline for Hyderabad Airport
- BPCL Reports 62% Surge in Profit After Tax – Delivers Stellar All-Round Performance in Q3 FY26
- Oswal Energies Inks MoU with ATS, Abu Dhabi; Announces $1 Billion Expansion Plans in the Middle East
- ICIS and ICE Introduce Base Oils Futures
- Dangote appoints Engineers India Limited (EIL) as PMC and EPCM for expansion of the Fertilizer Complex in the Lekki Free Trade Zone
- Engineers India Limited (EIL) sings an MoU with Dangote Group for the Second Train of Africa’s Biggest Refinery
- Introducing Ida 2.0 – The World’s most capable AI Drilling Engineering Agent to date
- BPCL Reports 169% Surge in Profit After Tax – Delivers Stellar All-Round Performance in Q2 FY'26
- ICIS and Plan Grow Do announce exclusive training programme to drive sales evolution in a changing petrochemical landscape
- Global Energy & Geoscience Leaders to Converge in Jaipur for SPG 2025
- MRPL PRESS RELEASE :Q2 Financial Result
- Mahanagar Gas Limited signs MoU with Oil India Limited to collaborate across the LNG value chain
- Mahanagar Gas Limited Puts Customers First with Salesforce Adoption, a First in India’s CGD Sector
- Kazam and HPCL Partner to Expand EV Charging Access Across India
- Union Minister Hardeep Singh Puri Inaugurates IGL Genesis Technologies Ltd.’s World-Class Smart Gas Meter Manufacturing Facility
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October 26, 2026 | Energy crisis: Pause in Gulf war for polls. Will it hold? The global energy crisis has started to worsen and there does not seem to be any indication that it will ease anytime soon. On October 9, President Trump executed a neat about-turn by dramatically announcing the import of 300,000 tons of Russian diesel to reverse the surge in pump prices in America. The US and Israel could escalate hostilities in the Middle East. Trump has repeatedly hinted that his forces in the region would resume strikes on Iran after November 3. Iran isn’t backing down either. Recent reports quoting maritime security officials suggest that Tehran has stepped up attacks in and around the Strait of Hormuz by deploying guided missiles rather than attack drones. Israel has its own compulsions in trying to destroy Iran’s nuclear infrastructure which appears to have survived nine months of relentless attacks by the US-Israeli forces. Israelis will also vote next Tuesday in what is being billed as the most consequential elections in its 78-year history. Click free access column Petro Intelligence to read an insightful piece.
In column Policy :
- Escalation Can Push Prices To $120 -125 /Bbl: Continuing Tensions In Middle East Keep Crude Prices High
- Trump Chickens Out Again: India To Continue Importing Discounted Russian Crude Oil
- Trump, Rubio Seek Help From Russia, India To Augment Global Diesel Supplies
- India Aims To Be The Largest Producer Of Sustainable Aviation Fuel
- Strong Domestic Demand Pulls Down Petroleum Products’ Export
In column Regulation:
- LNG Imports Being Pruned? Surging LNG Prices Prompts India To Reconsider Its Import Strategy
- BPCL Outsmarts Other Oil Marketing Companies In GRM
- HPCL Floats Tender To Acquire Six Reactors: Indian Refineries Aggressively Opt For Advanced Reactors
- India’s New Obsession With Hydrogen Safety Standards
There are exclusive reports in almost all columns.
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Vedanta wins two offshore blocks in KG Basin under DSF-IV round
October 26, 2026: Vedanta has won two offshore blocks in the Krishna Godavari (KG) basin under the government's fourth round of Discovered Small Field (DSF) bidding, bolstering its exploration portfolio along India's east coast, with the contracts signed in New Delhi in the presence of Petroleum and Natural Gas more..
Main LPG distributors’ unions oppose strike, seek dialogue for commission hike
October 26, 2026: Major LPG distributors' federations have opposed a proposed protest in Delhi and an indefinite strike, favouring dialogue with state-run oil marketing companies (OMCs) and the Petroleum Ministry to resolve demands for higher commissions and relief from operational and commercial pressures.
more..
We urge Indian businesses to continue and expand trade with Tehran: Envoy
October 26, 2026: Iran's ambassador to India, Mohammad Fathali, told TOI that sanctions and payment disruptions had dented trade and "the prices of some goods in Iran have increased for common people," but ruled out "essential shortages,” including Indian basmati rice, a major Indian export to Iran, more..
Ultra Gas targeting to add 15 LNG retail stations by end of fiscal: CEO
October 26, 2026: Ultra Gas, the Essar-backed green fuel retailer, plans to add 15 retail stations for liquefied natural gas (LNG) used in vehicles by the end of the current financial year, taking its network to 25, Maqsood Shaikh, chief executive officer and managing director, told The Hindu on Thursday.
The more..
Castrol India Q3 profit falls 22.6% as raw-material costs surge 71%
October 26, 2026: Castrol India’s net profit fell 22.6 per cent to ₹1763.7 million in July–September 2026 from ₹2278 million in July–September 2025, as rising raw-material costs and adverse currency movements squeezed earnings ahead of a proposed change in the company’s ultimate more..
Adani Wind bags 696 MW orders from five power producers
October 26, 2026: Adani Wind, the wind energy business of Adani New Industries Ltd, has secured orders totalling 696.2 megawatts (MW) from five power producers, expanding its customer base beyond the Adani Group as India's wind industry shifts towards higher-capacity turbines.
The orders comprise 300 MW more..
Microtek invests over Rs 4 billion to accelerate solar business growth
October 26, 2026: As part of its expansion plans, Microtek has invested over Rs 4 billion and is setting up a new solar panel manufacturing plant in Jaipur, which is expected to become operational by November 2026, the company said at the renewable energy expo 2026 concluded on Saturday.
Led by its 'Har more..
Bangladesh to procure six LNG cargoes
October 26, 2026: The Cabinet Committee on Government Purchase (CCGP) has recommended importing six cargoes of liquefied natural gas (LNG) from BP Singapore Pte Limited and Qatar Energy Trading LLC to help meet Bangladesh's energy demand.
The recommendations were made at the committee's 51st meeting of more..
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Lessons for Indian Oil Sector from Iran-US/Israel war
by Dr Bhamy Shenoy
 August 26, 2026: Soon after the West Asia war started, many
oil pandits (including me) forecasted oil prices jumping to $200 per barrel
from more...
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Time To Review Crude Sourcing Strategy
By R. Sasankan
The petroleum
industry is in a state of ferment. As the geopolitical crisis escalates and the
world economy starts to slow down, the demand-supply equation in crude oil has
been thrown out of kilter.
Crude oil prices have started to more...
India should establish an autonomous Energy Institute
by
Bhamy V. Shenoy*
Soon after the start of Israel-US
versus Iran war on February 28 and the blocking of strait of Hormuz, global oil
supply was reduced at least by over ten million barrels per day based on IEA
report. Magnitude of the supply loss was far worse than during the more...
Time To Rework Crude Import Strategy
By R. Sasankan
The war in Iran has dragged on for more than
six weeks - longer than President Donald Trump had anticipated. A brittle
two-week ceasefire has settled over the conflict zone as negotiators from both
sides prepare to resume peace talks with the outcome uncertain more...
India Should Prepare For $200/Barrel Oil Crisis On War Footing
By Bhamy V.
Shenoy
The oil shock
from the US-Israel war against Iran affecting every country excepting Russia is
the worst one by any standard. Still, international oil market has managed
reasonably well so far in terms of oil prices. After a month, oil prices have
gone up only more...
No Need To Expand Oil Caverns
By R. Sasankan
The war in Iran has entered the third week,
triggering a massive disruption in oil and gas supplies through the Strait of
Hormuz. Over a quarter of the world's oil supplies flow through the critical
chokepoint in the Persian Gulf. There is no indication when the more...
The Bells Toll For India’s Downstream Sector. Is Anyone Listening?
By R. Sasankan
The alarm bells have gone off in India's petroleum industry after a
recent report prepared by Integrated Global Services (IGS) claimed that
the country's downstream oil and gas industry is close to breaking point
because of its ageing energy infrastructure more...
Trump’s War Against Climate Change: Is It Worse Than Attack On Ukraine And Gaza?
by Bhamy V Shenoy
In what way the above title has
any relevance to readers who are interested in oil and gas sector or energy
sector in general? This is an obvious question. I should be able to convince
the doubters easily.
I asked AI a question: What more...
Andaman Basin: Time to Dial the Russians
By R. Sasankan
India's upstream
companies are swarming all over the Andaman Basinto find oil and natural gas
reserves in what promises to become the country's new energy frontier. The buzz
around the Andamans basin - which lies in the junction between the Indian more...
Why Fuel Prices Won’t Fall When Crude Rates Sink
by R. Sasankan
There
is an unexplained Paradox in India's petroleum sector: when global crude oil
prices tumble, consumers are robbed of their legitimate benefits at the pump.
Oil refiners coolly pocket the resulting profits, and the government actively
supports that more...
Natural Gas: Little Glimpse Of The Dream
By R. Sasankan
Greek mythological figure Sisyphus was condemned by the gods to
an eternal punishment where he must push a large boulder up a mountain,
only for it to roll back down to the bottom just as it nears the top.
The plight of India's energy planners more...
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ICIS Highlights US LNG Dominance and Shifting Power Price Dynamics
18th February, 2026: ICIS analysis presented last week at E-World (10-12 February, 2026) shows that Europe’s energy transition is entering a more volatile and politically sensitive phase, spanning LNG and gas supply, power market dynamics and short-term trading behaviour. Click more...
Third Lovraj Kumar Memorial Lecture by Dr Vijay Kelkar
September 19, 2024: Dr Vijay Kelkar’s single biggest contribution is acknowledged to be India’s Goods and Services Tax (GST). He has also made significant contribution to the oil and gas sector. He served as secretary in the Ministry of Petroleum and Natural Gas. The Third Lovraj Kumar Memorial Lecture delivered more...
The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
 May 16, 2024: Dr Surya P.Sethi, eminent energy expert, wirtes on the Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South.
Click more...
Qatar pauses Red Sea LNG traffic: ICIS analyst view
January 18, 2024: Click HERE to read article by Alex Froley, LNG Market Analyst at ICIS, examines the possible effects of ongoing disruptions in the Red Sea on global LNG trade.
more...
Can LNG replace Russian gas in Europe?
European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some... more...
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Speech of Former Petroleum Secretary, T.S. Vijayaraghavan, on Indias Petroleum Sector
Demand & Growth:
India's Crude
Oil demand has risen from 0.65 Million Barrels a day in 1980 to 3.7 Million
barrels and will reach 4 Million by 2016. Internal production is now less than 0.8
Million Barrels a day. It more...
The KG basin price hike socialises costs and privatises profits
Why the Rangarajan Committee's complex pricing formula will inflict heavy burdens on the power and fertiliser sectors and give a private gas producer windfall profits?
The ministry of petroleum and natural gas has proposed to increase the price of natural gas from the Krishna Godavari (KG) more...
Fire From Ice: A Promising New Energy Source
Massive imports of oil and natural gas have exacerbated India’s big trade deficit, which is a hurdle to the acceleration of economic growth. Light at the end of the tunnel comes from a technological breakthrough last week by JOGMEC (Japan Oil Gas and Metals National Corporation). It succeeded in extracting natural gas more...
The Diesel Subsidy Hole
Under-recovery on diesel as per the Indian petroleum ministry website was . 10.94 a litre in February 2012 when the procurement price was . 37.80 per litre ($122.06 a barrel). The diesel under-recoveries are expected to exceed . 750 billion at average price of $95.66 a barrel while total annual shortfall due to fuel subsidies more...
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Sunil Kumar appointed ONGC Chairman
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Sunil Kumar as Oil and Natural Gas Corporation’s (ONGC) next Chairman. Kumar’s appointment will take effect from the date he assumes charge on or after December 7, 2026. He is currently serving as Executive Director (ED) at ONGC. The more...
Shankar Sharan Appointed Managing Director Of ONGC Petrochemicals Marketing
Shankar Sharan has taken on the role of Managing Director at ONGC Petrochemicals Marketing Limited (OPML). Before taking on the role, Sharan served as Group General Manager at Oil and Natural Gas Corporation Limited (ONGC), where he held senior responsibilities across production, engineering, marketing and downstream more...
Akshay Gopal Appointed Deputy Secretary, Petroleum & Natural Gas
Akshay Gopal, 2016 batch officer of Indian Audit & Account Service (IA&AS), has been appointed as Deputy Secretary, Ministry of Petroleum & Natural Gas, Delhi, on deputation for a period of four years. According to an official order, Gopal was recommended for central deputation by the Office of the Comptroller and more...
Vinod Seshan (IAS) Gets Two-Year Extension As JS Of Petroleum Ministry
The Appointments Committee of the Cabinet (ACC) has approved a two-year extension in the central deputation tenure of Vinod Seshan (IAS) as Joint Secretary in the Ministry of Petroleum and Natural Gas (MoPNG). According to an order issued by the Department of Personnel and Training (DoPT) the extension has been approved more...
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On April 10, 2021 www.indianoilandgas.com entered the 28th year of service to the Indian and international oil and gas industry. When the hardcopy version with its masthead, Indian Oil & Gas, came out 28 years ago, India’s petroleum industry was almost totally controlled by the government. India was not rated high either as a producer or consumer of crude and petroleum products. Today, India is the world’s third largest importer of crude and second largest importer of LPG and Asia’s largest exporter of petroleum products. Without violating the government norms regarding dissemination of information, www.indianoilandgas.com has been consistently helping the industry with authentic articles and data on all areas of oil and gas industry.
To download this full article in PDF, click here |
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Energy Crisis: Pause In Gulf War For Polls. Will It Hold?
more...
Is India Bartering Away Its Heft?
more...
Concerns Over Rising LNG Prices Deepen
more...
LPG: Need To Find Ways To Avoid Future Shocks
more...
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GP Petroleum’s Minority Stake In Incubit Pipavav Terminal
more...
Swedfund Commits $35 Million To SAGF IV
more...
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Welspun Corp US Facility Set To Execute Big Orders
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Domestic Natural Gas Scene In August 2026
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Domestic Natural Gas Scene In July 2026
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Who Owns How Much Share In India’s Natural Gas Pipelines
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India Diversifying LNG Import Sources
more...
Indian Natural Gas Spot Price for Physical Delivery
more...
Domestic Natural Gas Production Exceeding Targets?
more...
Where Does India Figure Globally In LNG Imports?
more...
A Graphic Presentation Of Domestic Natural Gas Scene in June ’26
more...
Global Natural Gas Price Trends
more...
India’s City Gas Distribution (CGD) sector is expanding rapidly
more...
Updated Graphic Presentation of India’s Natural Gas Consumption and Import Dependency
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Dismal Domestic Natural Gas Scene In June 2026
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India’s Rising LNG import, Rusting Capacity Of Many LNG terminals
more...
Domestic Natural Gas Scene In May 2026
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Sector-Wise Consumption Of Natural Gas In India
more...
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Bharat Petroleum Corporation Ltd To Expand Capacity Of Its Refineries
more...
The exact weightage of crude petroleum, natural gas, and mineral oils (petroleum products) in India’s Wholesale Price Index (WPI)
more...
HPCL’s Portfolio expansion in Petrochemicals & Natural Gas
more...
Petroleum Sector’s Contribution To National Exchequer
more...
IOC’s Major Projects In Advanced Stage Of Execution
more...
High Sulphur Crude Processed By Indian Refineries During April-August FY 27
more...
HPCL’s Refining Capacity To Reach 45.3 Million Tons By 2027-28
more...
Analysis Of Crude Processed In Indian Refineries In August 2026
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BPCL’s Financial Performance Standalone, Consolidated During FY’23 To FY’26
more...
Consumption Growth Of Petroleum Products Drops In August 2026
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Fall In Import, Export Of Petroleum Products In August 2026
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Diverging Views On Global Oil Demand
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Indian Crude Basket Price In August 2026
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Oil India’s Healthy Reserve Base, Growth In Acreage, Exploratory Drilling
more...
Diesel’s Dominant Position In Petroleum Products Consumption In India
more...
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