News & Bulletin Updates

8By when will PLL come out with a new tender for fresh LNG tankage?

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Russia has invaded Ukraine.
8Gas prices are going to stay high and are likely to head even higher
8Crude prices will go up to

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8A new LNG RFQ has ended up with a poor response
8Why is that?

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Gas production is up in January compared the same month last year.
But it is well below target and the shortfall is attributed to the following reasons
8KG-DWN-98/2 (ONGC): Delay in commencement of production. Pre-commissioning in progress
8KG-DWN-98/3 (RIL): Production shortfall due to well intervention jobs in some wells
8RJ-ON-90/1 (Cairn Energy India Ltd): Few Gas wells of RDG field are not producing as per expectations
8RANIGANJ EAST (Essar Oil and Gas Exploration and Production Ltd.): Shortfall because delay in scheduled operations
8RJ-ON//6 (FEL): Production shortfall due to less offtake by customer

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8According to GlobalData, India is expected to lead the asian ammonia capacity additions through 2025
8Find out how the Indian market, and the flurry of new units are beginning to rule the industry

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8Sujoy Choudhury has been appointed Director (Planning and Business Development) on the board of state-owned Indian Oil Corporation (IOC), the nation's biggest oil firm. His appointment is effective from February 23, the company said in a stock exchange filing.

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8India's equity markets fell ( though marginally) for a sixth straight day on Wednesday after several countries, including the US and the UK announced sanctions against Russia for Moscow's beginning of an invasion of Ukraine.

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8IndianOil will help deliver Dabur India's consumer products to the homes of around 140 million cooking gas customers.

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8India's crude oil production fell to 2,511.66 thousand metric tonnes (TMT) in January 2022, which is 2.40 per cent lower than the output registered during the same month last year and 6.04 per cent lower than the official target for the month, the government data showed on Wednesday.

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Feb 24, 2022: Daily import matrices

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8Chemicals
8
Crude

8LNG
8LPG
8Ammonia

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On February 24, 2022, the Delhi market witnessed a rise in oxygen-free copper rod prices.

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A huge rise in aluminum bar 6063 prices was recorded in Ahmedabad today.

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Petrochem sources confirmed that chromium metal  prices have slipped in the mumbai market.

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On February 24, 2022, the Delhi market witnessed a rise in scrap tungsten cutter prices.

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Ammonium metavanadate prices have moved higher today in Delhi.

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Petrochem sources have reported a cut in perchloroethylene prices in the Ahmedabad chemical market.

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Diethanolamine prices have increased in the Mumbai imported market today.

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Poor demand has pushed dioctyl adipate prices down in the Delhi chemical market.

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Dichloromethane prices have moved lower in the Mumbai market.

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High tetrachloroethylene prices were recorded in Mumbai today.

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Carbendazim 50%  prices registered an increase  in the imported market of Mumbai.

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Petrochem sources in Mumbai  have reported low Mancozeb 75% prices.

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Prices of SBS grade LG501 have increased in the Delhi market.

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Nitrile Butyl Rubber grade 220s prices have climbed higher in Ahmedabad.

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On February 24, 2022, BIIR grade 2222 prices moved higher in the Delhi market. Strong buying sentiments led to the price rise.

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