Chevron and Egypt initial financial deal to pipe Cyprus’s Aphrodite gas to Egypt
Chevron and Egypt have initialled a financial framework to connect Cyprus's Aphrodite gas field to Egyptian infrastructure, a step towards a final investment decision.
Energy Insight · page 5
BrentFront-month futures, Jan 27
$104.77 $/bbl
−$8.66 (−7.6%) on prior
Close 2 November 2026
WTIFront-month futures, Dec 26
$96.46 $/bbl
−$7.66 (−7.4%) on prior
Close 2 November 2026
Henry HubFront-month futures, Dec 26
$2.856 $/MMBtu
−$0.042 (−1.4%) on prior
Close 2 November 2026
TTF (Dutch gas)Front-month futures, Dec 26
$30.20 $/MMBtu
−$0.82 (−2.6%) on prior
Close 3 November 2026
Front-month futures, previous close; contract month on each box. Brent: NYMEX Brent Last Day Financial futures, which settle on ICE Brent. WTI and Henry Hub: NYMEX. TTF: Dutch TTF futures, converted to US$/MMBtu at the daily EUR/USD rate. Data: Yahoo Finance, delayed.
Rubio presses Reliance to refine more Venezuelan crude ahead of Jamnagar visit
US Secretary of State Marco Rubio says Washington will encourage Reliance Industries to refine, and possibly produce, more Venezuelan crude. He visits the Jamnagar refinery on Wednesday.
Brent crude hits five-month high of $111.99 on Houthi claims against Saudi sites
Brent touched $111.99 a barrel on Tuesday, its highest in five months, after the Houthis claimed strikes on Saudi Aramco sites. It later settled 76 cents lower at $108.79.
India shelves coal import mandate as plant stockpiles sit near five-year low
India has dropped a plan to make power plants blend imported coal, Bloomberg reports, even though stockpiles are near a five-year low. Coal India and the railways must fill the gap instead.
PM-KUSUM next phase could get INR350bn as India links farm solar to irrigation
India is weighing an outlay of about INR350bn ($3.7bn) for the next phase of its farm solar scheme, MNRE Secretary Santosh Kumar Sarangi told the Financial Express.
Aramco and Asian refiners clash over 2027 crude contracts after war-hit deliveries
Saudi Aramco and Asian refiners are at odds over whether this year's spot purchases count towards term-contract volumes, Bloomberg reports, slowing talks on 2027 supply.
Iran says mines set three tankers ablaze near Hormuz; US calls the claims false
Iran's Revolutionary Guards say naval mines hit three tankers using a southern route through the Strait of Hormuz. US Central Command says the claims are false.
Oil majors set for bumper Q3 profits as refining margins triple or quadruple
Shell, BP and TotalEnergies expect refining margins three to four times higher than a year ago. Investors want to see whether the majors resist a spending spree when they report later this…
European gas prices hit four-year high above €88/MWh ($99/MWh) as winter storage lags
Europe's TTF gas benchmark rose to €88.92/MWh ($100/MWh) on Monday, its highest since December 2022, as Gulf LNG shortfalls leave EU storage only about 74% full.
KKR to invest over INR60bn in Petronas’s Indian renewables arm Gentari
KKR plans to invest more than INR60bn ($632mn) in Gentari Renewable India, Petronas's Indian renewables unit, and has sought CCI approval, The Economic Times reports.
India’s crude import bill jumps 46% to $90.6bn in April-September
India spent $90.6bn on crude imports in April-September, up 46% from $61.9bn a year earlier, while volumes rose less than 1%, PPAC data show.
Oil firms bar sugar-based ethanol from 2026-27 tender and cut maize price
State oil firms have excluded ethanol made from sugarcane juice, sugar syrup and B-heavy molasses from their 2026-27 tender for about 11 billion litres. They also cut the maize ethanol price to…
Brent crude falls to $108 as Trump waives Russia sanctions and tariffs
Brent fell $1.94 to $107.92 a barrel on Monday after Donald Trump waived Graham Act sanctions and tariffs on Russia. The waiver also lifts, for now, a 100% tariff threat over India's…
Indian refiners’ fuel exports to the West jump 43% as Russian crude flows on
Refineries in India, Türkiye and Brunei that run on Russian crude sold €1.0bn of fuel to sanctioning countries in September, up 43%, CREA says. Jamnagar supplied six of the seven EU cargoes.
Strait of Hormuz could reopen within days if US meets its terms, Iran says
Iran's foreign minister says the Strait of Hormuz would reopen on day six of its ceasefire plan if the US meets its terms. Meanwhile, at least 10 ships were attacked near the…
State oil firms quietly sell up to 5% biodiesel blended diesel at some pumps
IOC, BPCL and HPCL are supplying diesel with between 0.5% and 5% biodiesel at some outlets, Hindustan Times reports. Dealers have seen B2 and B5 on invoices.
NTPC nuclear power push widens to more states, including Uttar Pradesh
NTPC will start nuclear feasibility studies in more states, including Uttar Pradesh, after picking sites in Bihar, Madhya Pradesh and Odisha. It targets 30 GW of nuclear capacity by 2047.
Oil India returns to coal bed methane with Singrauli CBM block contract
Oil India has signed a revenue-sharing contract for a 272.14 sq km coal bed methane block in the Singrauli coalfield, its return to CBM exploration.
