OPEC Predicts 2026 Supply-Demand Balance, Leading to Another Drop in Oil Prices

Oil prices fell more than $2 a barrel as OPEC body predicts supply demand balance in 2026 contrasting with earlier predictions of a supply deficit, reported Reuters. 

The US government reopening is expected to boost economic activity and crude oil demand. The US is expected to release its outlook soon.

India Will Need to Produce 130 Million Litres of SAF by 2027 to Decarbonise Aviation Sector 

India will need to produce 130 million litres of Sustainable Aviation Fuel (SAF) annually by 2027 for a 1% blend and 720 million litres by 2030 for a 5% blend. This will help decarbonise the sector and establish the country as a global SAF producer, reported ET Energyworld.

The aviation sector accounts for about 2.5% of global CO2 emissions and without decarbonisation the share will rise to 20% by 2050.

Reliance Looking to Sell Middle Eastern Crude in Spot Market Amid Shift in Oil Sourcing 

Reliance Industries is looking to sell Middle Eastern Crude, including Murban and Upper Zakum on the spot market, in an unusual move by the Indian refiner that’s normally a major buyer, reported Bloomberg. 

Reliance has already sold a cargo of Iraqi Basrah Medium crude to a Greek buyer. Refiners in India are busy trying to diversify their supplies after Western sanctions made buying Russian oil more difficult and risky.

Rajgarh Villagers Protest Against Mining Projects Over Environmental Concerns

Thousands of tribals from over a dozen villages in Dharamjaigarh region of Chattisgarh’s Rajgarh district are camping outside the collector’s office demanding cancellation of an upcoming public hearing for a proposed private coal mining project, reported ET. 

The Hasdeo-Rajgarh forest belt which faces mining pollution and human-elephant conflict has become a new flashpoint between industrial expansion and tribal rights. 

US Adds 10 Critical Mineral to List to Reduce Reliance on China

The US administration has widened its critical mineral list, adding copper and coal to boost local output and reduce the reliance on foreign countries, especially China. The government will offer incentives for projects related to these minerals, reported Reuters. 

Environmentalists have slammed this move stating that the administration was ignoring economics, violating the law, and opening the door for agencies to rubber-stamp the projects with insufficient protections for communities from pollution. 

NTPC Begins Drilling India’s First CO2 Storage Well in Jharkhand, Launching Carbon Capture Efforts

NTPC Limited has begun drilling India’s first-ever carbon dioxide (CO2) storage well in the Pakri Barwadih coal mine in Jharkhand, launching the country’s carbon capture and storage efforts, reported ET Energyworld.

The borewell designed to reach a depth of around 1,200 metres aims to gather geological and reservoir data to enable safe and efficient long-term CO2 storage. 

About The Author

Editorial Team

A team of handpicked and dedicated writers committed to fact check each climate-related statement. Go to the roots and intent of each policy implemented, internationally and at home to help you understand climate better

See author's posts