Iran Rejects USA Peace Plan
(Update) March 25, 2026, 3:24 PM GMT: Article updated with Iran’s conditions in third paragraph. Iran said it rejected a US ceasefire proposal and maintained attacks on Israel and Gulf Arab…
India Targets Import Cuts With Historic Oil and Gas Drilling Campaign
India’s ONGC plans to invest between $18 and $20 billion on new oil and gas drilling to strengthen the country’s energy security, the Economic Times has reported, citing unnamed sources.…
Naphtha Shortage Forces Japanese Petrochemical Producers to Curb Output
Japan’s LNG imports are not much affected by the supply shock in the Middle East, but Japanese industrial natural gas use could drop anyway if petrochemicals plants continue to see…
India Pushes Back Flexible Coal Power Plan Amid Cost Uncertainty
India is delaying a plan to have coal-fired power plants operate at reduced rates when solar generation is at its highest, due to uncertainties about how to compensate coal plants…
Oil Extends Decline on De-Escalation Hopes
Oil prices extended their decline on hopes that the reported talks between the U.S. and Iran could lead to a de-escalation in tensions and potentially allow for the reopening of…
Europe Faces Looming Fuel Shortages as Shell Warns of April Crunch
Europe could experience energy shortages before the end of April, the chief executive of Shell has warned. Jet fuel supply has already tightened, and a diesel squeeze could be next,…
