8Rakesh Kumar Jain has joined the board of state-run gas utility GAIL (India) as director (finance) at a time the company management is steering its way through gas market transition and price volatility, which requires deft financial management.

8Mangalore Refinery and Petrochemicals Ltd on Friday said it has received board approval to acquire compulsory convertible debentures worth up to Rs 1,000 crore issued by its subsidiary ONGC Mangalore Petrochemicals Limited (OMPL).

8Concerns over new Covid-19 variant Omicron, as well as continued foreign fund outflows, will keep Indian rupee subdued during the upcoming week.

8On November 11, at the recently concluded UN Climate Change Conference (COP 26) in Glasgow, the Beyond Oil and Gas Alliance (BOGA) was launched: a diplomatic initiative led by Denmark and Costa Rica to bring together ambitious governments committed to phasing out oil and gas production. In the aftermath of COP 26, India has been singled out for its resistance to international pressure on coal. But what stance would India adopt on the new oil and gas focused alliance?

8Talks next week between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi will be dominated by energy and defence issues, the Kremlin said on Friday.

8Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear deal appeared to hit an impasse.

8The UAE's Abu Dhabi National Oil Co. has signed an agreement with French major TotalEnergies to explore joint collaboration in carbon capture and storage and low-carbon hydrogen as OPEC's third biggest oil producer seeks to meet its net zero emissions pledge by 2050.

8U.S. natural gas futures were down for the fourth session on Thursday, quickly tumbling into a bear market as bullish bets evaporate on mild weather. Sentiment in U.S. natgas markets feels a lot like 2018/19 when the so-called 'widowmaker' spread widened then quickly tightened, leading to the blowup of at least one commodity firm on a wrong way spread trade.

A fall in phthalic anhydride  prices in the imported market of Chennai was noted on December 6, 2021.

On December 6, 2021, the Kolkata market witnessed a fall in dibutyl phthalate prices.

A fall in MMA prices in the domestic market of Kandla was noted on December 6, 2021.

Butyl acetate prices have been revised at Hazira.

Market sources reported a cut in VAM prices at Kandla today.

High benzene prices were recorded at Vizag today.

Prices for NBA are cut at Hazira.

Octanol prices have moved down at Hazira.

On Dec 6, 2021, trading sources reported a fall in NBA prices in the Mumbai chemical market.

MP Diol prices were quoted higher in the Kandla market today.

MEK prices are falling in the imported market of Kandla.

On December 6, 2021, trading sources reported a fall in cyclohexanone prices in the Mumbai chemical market.

MEG prices in the imported market of Mumbai have fallen sharply.

MIBK prices witnessed a sharp fall in the Mumbai market.

Aniline prices registered a sharp fall in the imported market of Mumbai. 

Epoxy resin prices witnessed a fall in the Mumbai market today.

Isophthalic acid prices in the Delhi market registered a fall today.