OPEC said on Thursday a recovery in oil demand will be focused on the second half of the year as the impact of the pandemic lingers as a headwind for the group and its allies in supporting the market.

Royal Dutch Shell, owner of the world's largest fuel retail network, said on Thursday its total greenhouse gas emissions dropped 16% in 2020 as oil and gas sales fell sharply due to the coronavirus pandemic.

Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month's Texas storm.

Two E&P service providers have joined hands
8And there is synergy there

IOC has claimed that GAIL is asking for way too much in a case involving pipeline tariff revision.
8Opex sought is too high, as also wage increases
8GAIL is also seeking compensation for unaccounted gas which is disallowed

8Expect a very sharp increase in the price of DAP

For a while, when a new Public Enterprises Selection Board (PESB) chairman was not appointed, it was thought that the leadership was busy with other things and once the focus is back a chairman will be appointed.
8But it has been many months now, and this website has dug out why the government has a different way of thinking about the whole appointments process for public sector undertakings
8Know more on what the government has against the PSEB process
8What kind of alternative solution is the government thinking about?

8A 2.6 million tonne deal for phosphates was entered into by an Indian company

8A new MAP/DAP RFQ is out

8One Rock Phos shipment is coming up on 12 March 2021
8One Ammonia shipment is coming up on 11 March 2021
8One Phos acid shipment is coming up on 14 March 2021

PET prices, on March 12, 2021 were stable in the domestic market in spite of lower international values.

On March 12, 2021, the demand for PBT was moderate and prices have been remaining steady in the domestic market.

On March 12, 2021, toluene prices were assessed lower in the Chennai market.

On March 12, 2021, HDPE Blow Moulding prices remained stable in the Indian domestic market.

On March 12, 2021, the purchase trend for EVA increased by Rs.2-3/kg in the open markets of Mumbai, Delhi, Chennai, Ahmedabad and Hyderabad.

On March 12, 2021, the purchase trend for ABS prices increased in the open markets of Mumbai, Delhi, Ludhiana, and Ahmedabad.

Price changes in the Mumbai polymer market have been reported by our analysts.

Petrochem analysts have reported price changes in HDPE and LLDPE in the Delhi polymer market on March 12, 2021.

On March 12, 2021 moderate buying activities were reported by our Petrochem analysts in the open markets of Chennai.

Price changes in HDPE and LLDPE in the Kolkata polymer market as of March 12, 2021 have been reported by our Petrochem analysts.

An increase in PVC imported and RIL K6701 grade prices has been noted on March 12, 2021.

On March 12, 2021, acetonitrile prices were assessed lower in the Kolkata market.

On March 12, 2021, SM prices went down in the imported market. This price fall was supported by weaker demand trends.
The current price of SM in Mumbai (imported repack) is Rs.120/Kg, a cut of Rs.7/Kg from the previous price of Rs.127/Kg.

Iso butanol prices have registered a fall at Hazira.

On March 12, 2021, acrylonitrile prices drifted down on the back of weakening demand and shortage of supply in the Kandla Port.