News & Bulletin Updates

8ONGC Videsh Ltd, India's flagship overseas oil and gas firm, and the nation's largest refiner Indian Oil Corporation (IOC) on Friday signed agreements with Russia's Gazprom for cooperation in the hydrocarbon sector. Indian oil and gas companies are looking to acquire stakes in prolific oil and gas areas in Russia as part of a larger strategy to acquire equity oil and gas overseas that could offset the country's huge 85 per cent dependence on imports for meeting energy needs.

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8Saudi Arabia lowered its light crude oil prices to Asian customers in October versus September, though left prices to northwestern Europe and the United States steady.

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A fall in cyclohexane prices in the imported market of Chennai was noted on September 6, 2021. 

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VAM prices moved higher today in the Chennai chemical market.

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Ethyl Acetate prices are slowly increasing in the Ahmedabad market.

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An increase in ortho-xylene prices has been noted in Kolkata today. 

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On September 6, 2021, PAN prices moved higher in the Delhi market.

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Delhi polymer market recorded a rise in imported acrylic prices today.

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ABS (HI121H) IM prices in Mumbai were quoted higher today. 

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ABS (MIF45) prices in the Mumbai market remained stable in spite of demand being low.

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On September 6, 2021 ABS (MIF45) prices moved higher in the Delhi polymer market.

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ABS (HI121H) IM  prices in the Delhi polymer market have remained unchanged.

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8Find out our weekly analysis, price charts and projections on benzene price movements for the coming week

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Petrochem sources in Kandla have reported a rise in MP Diol prices.

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On September 6, 2021, the Kandla port witnessed a fall in MIBK prices.

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Market sources reported that benzene prices were raised at Vizag today.

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Market sources reported a cut in DEG prices in Hazira today.

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On September 6, 2021, Naphtha prices were registered to move up in NW Europe on account of positive buying trends in the region. 

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The international crude oil price of Indian Basket was quoted at around $71.86 per barrel on September 6, 2021. 

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C9 solvent prices moved higher today in the Mumbai chemical market.

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BGE prices have climbed higher in Kandla.

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A heavy fall in butyl acrylate monomer prices in the imported market of Hazira was noticed on September 6, 2021.

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Steady buying has lifted caustic soda lye prices in the imported market of Dahej. 

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

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

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