Energy

Global crude oil markets are navigating a complex interplay of supply constraints, geopolitical dynamics, and evolving demand patterns. Analysts project oil prices to stabilize around USD 50 per barrel by June 2026, driven by moderating consumption growth, strategic production adjustments by key exporters, and emerging energy transition trends. This forecast reflects both short-term market corrections and medium-term structural shifts, offering insight for investors, policymakers, and industry stakeholders.

Adani Green Energy has commissioned 307.4 megawatts of renewable energy capacity, reinforcing its position as one of India’s largest clean power producers. The newly operational projects add momentum to the company’s expansion strategy at a time when India is accelerating its transition toward non-fossil energy sources. The capacity addition is expected to support grid stability, enhance green power availability and contribute to national climate goals.

The Tamil Nadu government has extended its road tax exemption for electric vehicles until 2027, signaling continued policy support for clean mobility and sustainable transport. The decision is aimed at accelerating EV adoption by reducing upfront ownership costs for consumers and improving the state’s attractiveness for manufacturers and investors. By lowering the total cost of ownership, the extension is expected to boost demand across two-wheelers, passenger vehicles and commercial EVs.

HPCL–Mittal Energy Ltd. (HMEL) has announced an investment of Rs. 2,600 crore to expand and upgrade its Bathinda refinery, reinforcing its long-term strategy to strengthen fuel supply and improve operational efficiency. The capital infusion is aimed at enhancing processing capability, boosting product flexibility, and meeting evolving environmental and quality standards. The expansion comes amid steady growth in domestic energy demand and reflects confidence in India’s refining sector despite global volatility.

GAIL has signed a memorandum of understanding to support the development of a fertiliser project in Chhattisgarh, marking a significant step toward strengthening India’s agri-input supply chain. The agreement focuses on ensuring reliable natural gas availability for fertiliser production, a critical input for boosting domestic output and reducing import dependence. The initiative aligns with national priorities on food security, balanced regional industrial growth, and efficient energy utilization.

India is preparing for a transformative shift in its natural gas ecosystem as the Petroleum and Natural Gas Regulatory Board (PNGRB) unveils its Vision 2040 roadmap aimed at creating a free, competitive, and transparent gas market. The plan seeks to expand national gas infrastructure, enhance market-based pricing, and attract greater private-sector participation. With an emphasis on accessibility, affordability, and sustainability, PNGRB’s blueprint aligns with India’s long-term energy security goals while supporting industrial growth and environmental commitments.

Juniper Green Energy, a prominent player in India’s renewable energy landscape, has commissioned a 50 MW wind power project in Gujarat, marking another milestone in the nation’s clean energy transition. The development reinforces the company’s commitment to sustainable energy generation and supports India’s broader objective of achieving 500 GW of renewable capacity by 2030.

The initial public offering (IPO) of Fujiyama Power Systems Ltd is set to open for subscription on November 13, drawing attention from investors eager to participate in India’s growing clean energy and electric mobility sectors. The company, known for its energy-efficient battery and inverter systems, aims to raise capital to expand manufacturing capacity, enhance research and development, and strengthen its distribution network across domestic and export markets.