42 of the world's largest oil companies will generate a trillion dollars of cash if prices keep tracking above a US$50/bbl
8At 80 dollars the intake will be even more
8Some of it will eventually get into spending in oil & gas
8And this is good news going ahead for vendors in the business

A PMC tender was out for this shallow water block
8Find out what is the mandate of the PMC
8There was a very good response for the tender
8The point to note is the PMC is essentially man-hour dependent with no attendant risk involved, so ordinarily, there is a big response

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Ammonia Storage Tank Greenfield Project
8Cost - Rs 100 crore
8Project Event: Toyo engineering was the single bidder for the 10000 MT double-wall supply with associated facilities on an LSTK basis. The purchase of equipment and services is still ongoing, construction is likely to be started at the end of October 2021.
Process Air Compressor Greenfield Project
8Cost - Rs 347 crore
8Project Event: The internal discussion is still ongoing, as well as studies on the technical specification, are still ongoing, RFQ for the LSTK contractor is likely to be re-released in November 2021.

The government has come up with a directive not to increase prices of decontrolled fertilizers
8But behind-the-scene, there is a war going on

A drop in benzene prices was recorded today at Vizag.

8Ethanol blending with petrol has been achieved in all the states and UTs, and is likely to touch around 8.3 per cent in the 2020-21 marketing year ending November, according to a senior official of state-owned HPCL.

8India's Reliance Industries Ltd on Sunday announced acquisition of REC Solar Holdings for an enterprise value of $771 million from China National Bluestar (Group) Co Ltd as it seeks to become net carbon zero by 2035.

8Oil prices rose on Monday, extending multiweek gains, amid supply restraint from major producers and growing demand for fuels as economies try to recover from the coronavirus pandemic.

8Credit rating agency Moody's has increased its medium-term oil price range to $50-$70 per barrel — the range it had before the coronavirus pandemic — to reflect the expectation that the full average cost of production of a marginal barrel of oil will keep increasing in step with a continued recovery in demand.

On October 11, 2021, the Mumbai market witnessed a rise in MEG prices.

C9 Solvent prices have climbed higher in Delhi.

Petrochem sources in Ahmedabad have reported a huge rise in VAM prices.

Butyl acetate prices have been revised at Hazira.

MIBK prices registered a significant fall  in the Kandla market today.

A drop in NBA prices was recorded today at Hazira.

An increase in demand has reduced toluene prices at Hazira.

On October 11, 2021, Petrochem sources reported a fall in acetic acid prices in the imported market of Mumbai.

On October 11, 2021, the Hazira market witnessed a rise in butyl acrylate monomer prices.

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

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

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

On October 09, 2021 PVC prices in the International market remained unaffected, with prices remaining unchanged.

On October 09, 2021, Naphtha prices have been registered to move up in Japan on account of positive buying trends in the region.

On October 09, 2021 ABS prices were reported to be unchanged for South Korea, FE Asia, South East Asia, India and NW Europe due to steady demand patterns in the region.