India energy week 2026 is all set to take place in Goa. Under the patronage of the ministry of petroleum and natural gas and organised by the federation of Indian petroleum industry, the event.

India Energy Week 2026: Platform for Action, Policy, and Innovation | Driving the Energy Dialogue

The organisation of the petroleum exporting countries, or OPEC, have extended deep production cuts throughout 2024. This decision comes as oil prices hover around 80 dollar per barrel, a level insufficient for many member nations.

OPEC+ extends deep oil output cuts into 2024 & 2025

Bereft of funds, the Finance Ministry wants Oil & Natural Gas Corp (ONGC) and Oil India Ltd (OIL) to initially spend the Rs 3,200 crores ($390mn) required for drilling wells to find oil and natural gas in the high seas.

Exclusive: FinMin asks ONGC, OIL to fund India’s hydrocarbon hunt; promises to reimburse losses

Occidental Petroleum, a major player in the energy sector, is reportedly exploring the sale of Western Midstream Partners, a natural gas-focused pipeline operator valued at close to $20 billion, including debt.

Occidental Petroleum considers $20 billion sale of western midstream amid debt concerns

British energy giant, Shell, is set to conclude nearly a century of onshore oil and gas operations in Nigeria, announcing the sale of its subsidiary to a consortium of mostly local companies for up to $2.

Shell bids farewell to onshore oil in Nigeria after almost a century

The Indian government has announced fresh oil discovery in Krishna-Godavari basin...Indian Union Minister for Petroleum and Gas says oil production by state-owned oil corporation o-n-g-c has started. According to Puri, the energy production of the country is also set to rise.

Oil production in Krishna Godavari basin starts | World Business Watch

British Petroleum, or BP, which has been in disarray for many days, will finish the week without a permanent CEO and with serious questions about its future. The sudden departure of CEO Bernard Looney has sent the energy giant's board into a frenzy of activity, including a search for a replacement, a review of workers' personal ties, and an effort to reassure investors and employees that the problem is under control.

British Petroleums' search for a new CEO

Pakistan say that petrol pumps in cities across the Punjab province are facing fuel shortages. The consumers have complained that they are unable to purchase fuel at pumps. Pakistan government has warned oil companies against holding of petrol.

Pakistan: Fuel shortage at petrol pumps in Punjab, Petroleum Min warns oil firms against stockpiling

Pakistan has hiked the price of petroleum products including petrol and diesel. This came after the Pakistani Rupees saw devaluation last week along with the rise in global price of crude.

Pakistan hikes prices of key petroleum products

In a bid to tame the rising gasoline prices, the United States is reportedly planning to release 14 million barrels of oil from its strategic reserves, Reuters reported quoting sources.

US to release 14 million barrels of oil from reserves to cap gas prices: Report

For the first time since 2008, the average cost of a gallon of normal gasoline has reached $4. In electronic trading on the New York Mercantile Exchange, U.S. crude rose $5.

For the first time since 2008, gas prices in US surpassed $4 per gallon

Sri Lanka would send tea to Iran to settle a debt for past oil imports, with the South Asian country turning to the commodity as a payment option in the face of diminishing foreign reserves and sanctions on Iran.

'Tea-for-oil': Sri Lanka plans to use tea to repay Iran for a $251 million oil debt

Hawaii health officials have instructed residents living at an Oahu military base to avoid drinking their tap water after high concentrations of diesel fuel were discovered in at least one well, contaminating a system used by tens of thousands of people and several day care centers and schools.

In Hawaii, fears grow over unsafe levels of petroleum in drinking water

The Egyptian Ministry of Petroleum and Mineral Resources stated on Tuesday that Eni, an Italian multinational oil and gas corporation, has found three oil and gas discoveries in Egypt's Western Desert.

Eni make three discoveries in Egypt's western desert amounting to 50 million barrels of oil equivalent

Iran hikes fuel price, anger took place among protesters. Watch this complete video to find out more in detail.

Iran hikes fuel price, angry protesters take to streets

The U.S. supported Iran protesters over the fuel price hike. Watch this video to find out more in details.

U.S. supported Iran protesters over fuel price hike

Indian Oil Corp, the country's top refiner, is in talks with oil major Rosneft to explore the possibility of importing Russian oil, its chairman Sanjiv Singh said on Tuesday.

Indian Oil in talks with Rosneft to import Russian oil

Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains. US West Texas Intermediate (WTI) crude futures were at $53.

Oil prices edge higher amid  concerns over global economy

The prices of petroleum products are done on import parity and after adding due taxes and dealer's commissions, MRP is fixed

Opinion: Rising petrol prices - the onus is on the citizens

United State's rig count rose to 751 with 2 more adding in last week alone. The number points to rise in crude production in U.S. leading to price drops of crude oil

Oil prices drop on increased US drilling activity

Global oil prices have fallen 52% since 2014, while Indian petrol prices have fallen just 1% in the same time

Why are Indian prices not falling in line with global crude oil prices

Why haven't petrol and diesel prices in India fallen in line with crude oil prices? What is the rest of South Asia paying for their fuel?

Global oil prices have fallen 52% since 2014. And Indian petrol prices fall just 1%?

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