News & Bulletin Updates

On July 16, 2021 PVC prices in the international market remained unaffected, with prices remaining unchanged.

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On July 16, 2021 butadiene prices were reported to be steady in South Korea, South East Asia, Rotterdam, and US Gulf due to stable demand patterns in the respective countries.

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On July 16, 2021, MTO prices registered a rise in the Delhi market.

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8There is much excitement in the downstream industry over a possible $700 million order for a refinery unit
8Find out more
 

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8Get the latest feedback on OIL's purchase of 2000-tonne onland rigs
8When will be the qualification process end?

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DMF prices have increased in the imported market of Delhi.

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Under pressure from the DGH and the government, both Oil India Ltd and ONGC are on hunt for technology partners for their ageing fields.
8There has been an enthusiastic response from a whole lot of companies
Get an update on what is next

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This Indian company plans a massive Rs 15,000 crore investment in shale gas
8But should it be taken with a pinch of salt?

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8Get a complete roundup of chemical price movement today, across all products and all markets
8Find out which prices have changed

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8India is the largest importer of fertilizers in the world
8The website carries the matrix for fertilizer imports in the days ahead
8Know where the material is coming from and who is getting it to India

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Close to 5.6 million MT of crude oil is expected to arrive in India soon
8Out of which Sikka port will receive 1.5 million MT
8Mundra port is expected to receive 0.7 million MT of crude oil
8Other ports expected to receive crude oil are:
8Paradip - 0.14 million MT
8Vadinar - 0.67 million MT
8Mumbai - 0.2 million MT
8New Mangalore - 0.18 million MT
8Cochin - 0.37 million MT
8Chennai - 0.14 million MT
8Visakhapatnam - 0.46 million MT

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Torrent Power's LNG cargo is unloading today at Dahej
8The cargo is coming from Petronas

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The onshore geophysical industry is likely to face competition from an unusual source
8And this may upend the entire seismic industry

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8Aegis was able to extract a much higher price multiple in its deal with Vopak than it did with Itochu
8What are the new areas the company will now plan to venture into?

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8Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Thursday met with Saudi counterpart Abdul Aziz bin Salman Al Saud, and held discussions on strengthening bilateral energy partnership and developments in the global energy markets.

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8OPEC stuck to its forecast for a strong recovery in world oil demand in the rest of 2021 and predicted oil use would rise further in 2022 similar to pre-pandemic rates, led by growth in China and India.

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8President Joe Biden and German Chancellor Angela Merkel failed on Thursday to settle their dispute over Russia's Nord Stream 2 natural gas pipeline but said they agreed that Moscow must not be allowed to use energy as a weapon to coerce its neighbors.

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MDC prices have been revised at JNPT.

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8India is the world's third largest emitter of greenhouse gases, and its transition to a low-carbon economy is crucial to meeting the goals of the Paris Agreement.

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8A couple of weeks ago, the Department of Commerce announced the heartening news that in the first quarter of the current financial year (April-June 2021), merchandise exports were $95 billion, the highest ever for a quarter in India’s history.

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8The race to make green ammonia is now on
8Plans have been unveiled for a major green ammonia and hydrogen project in Morocco
8Know more

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Jul 16, 2021: Mineral industry data

8Indian major mineral production shoots up to 23.3 percent in May 2021

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Nano Fertilizer Greenfield Project
8Cost - Rs 119 crore
8Project Event: RFQ for the LSTK contractor is likely to be released in October 2021.
Phosphoric acid Expansion Project
8Cost - Rs 130 crore
8Project Event: The purchase of a long lead item is still ongoing. The proposal for the environmental clearance has been elicited in May 2018, Construction has been started and the project is likely to be commissioned in Dec 2022. 

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8IVL Dhunseri is bringing in a joint shipment of MEG/DEG
8Find out the cargo strength

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An increase in 2EHA prices has been noted in Kandla today.

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