News & Bulletin Updates

8Amid concerns about rising energy prices over the Russia-Ukraine situation, the United States has said no decision has been made by the Biden administration about a ban on importing oil from Russia.

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8Energy giant Shell said Tuesday that it will stop buying Russian oil and natural gas and shut down its service stations, aviation fuels and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine.

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8Adani Ports and Special Economic Zone Ltd (APSEZ) has signed an agreement with Indian Oil Corp Ltd (IOCL) towards augmentation of IOC’s crude oil volumes at the Mundra port.

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8Indian Oil Corporation (IOC), the nation's largest oil firm, will build nine more storage tanks to stock additional 10 million tonnes of crude oil at Adani group-operated Mundra port in Gujarat.

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8Russian oil firm Rosneft-backed Nayara Energy has been put on 'credit watch with negative implications' due to sanctions against Moscow for its invasion of Ukraine, CARE Ratings said Monday. Nayara, which is 49.13 per cent owned by Rosneft, operates a 20 million tonnes-a-year oil refinery at Vadinar in Gujarat and has a growing network of petrol pumps.

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A revision in PET resin prices has been announced by Dhunseri Petrochem Ltd (ASPET).

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New PET resin prices are announced by Reliance Industries Ltd.

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On March 9, 2022, phthalic anhydride prices moved higher in the Kolkata market.

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Petrochem sources in Ahmedabad have reported a rise in ortho-xylene prices.

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On March 9, 2022, the Ahmedabad market witnessed a rise in isophthalic acid prices.

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High NPG prices were recorded in Mumbai today.

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MDI prices were assessed lower in the Delhi market.

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Petrochem sources in Delhi have reported a fall in EPDM grade 960 price.

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Growing demand has pushed DINP prices up in the Ahmedabad chemical market.

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Trichloroethylene prices moved higher today in the Delhi imported market.

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Palm wax prices were assessed higher in the Ahmedabad chemical market.

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Petrochem sources reported a significant fall in palm kernel oil prices in the Mumbai chemical market.

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On March 9, 2022, glyceryl monostearate prices moved higher in the Mumbai market.

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On March 9, 2022, Petrochem sources confirmed that dichloroethane prices had risen in the Kandla market.

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Domestic market sources reported a rise in Mumbai’s dichloromethane prices today. 

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On March 9, 2022, the Mumbai market witnessed a rise in SAP prices.

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Petrochem sources have reported a huge fall in electrolytic manganese prices in the Delhi market.

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On March 9, 2022, a cut in ECH prices was reported by petrochem sources in Mumbai.

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Imported market sources reported a cut in Delhi’s mancozeb  prices today.

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Carbendazim 50% prices were assessed lower in the Mumbai market today.

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