News & Bulletin Updates

With gas market prices tightening up, exiting gas customers are facing the brunt of price rise
8Effectively, existing clients cannot buy additional gas
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The take-off that was expected from the Indian economy is not taking place as expected
8Most current indicators have recorded a weaker volume performance relative to pre-Covid level and lower than in the earlier months

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8Plans have been unveiled for a major green ammonia project in Brazil
8Know more

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8Japan's government embracing ammonia as fuel of the future
8Trials of using ammonia as a fuel source are getting underway in Japan

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8Yara has signed a share purchase agreement with EuroChem to sell its salitre phosphate mining project.
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NPK Fertilizer Greenfield Project
8Cost - Rs 1517 crore
The RFQ for LSTK contractor to be re-released by Q3, FY 2021
Water Soluble Fertilizer Greenfield Project
8Cost - Rs 200 crore
There are companies in the race for a consultancy. Find out who they are.

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8Indian Oil Corp (IOC) said on Friday it was operating its refineries at 90% capacity as diesel sales were yet to reach pre-COVID-19 levels, but it expects to ramp up refining to full capacity within a quarter as demand picks up.

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8Indian Oil is planning to launch a new fuel and gas retail venture in partnership with Malaysia’s Petronas.

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8Chevron and Total Energies are engaged in separate partnership talks with ONGC for upstream projects in India in a sign of growing interest in the country’s exploration sector that has barely received attention from foreign energy firms in recent years.

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8Billionaire Gautam Adani's ports-to-energy conglomerate has floated a new subsidiary that will set up refineries, petrochemical complexes and hydrogen plants - businesses that will directly compete with richest Indian Mukesh Ambani's company.

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8SAP is looking at expanding its presence in new segments such as internet-led businesses in India while continuing to bolster its play in sectors like oil and gas, public services and retail, a top executive said.

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8India's fuel demand picked up in July as easing of pandemic-related restrictions accelerated economic activity, helping petrol consumption reach pre-Covid levels, preliminary sales data showed on Sunday.

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8OPEC oil output rose in July to its highest since April 2020, a Reuters survey found, as the group further eased production curbs under a pact with its allies and top exporter Saudi Arabia phased out a voluntary supply cut.

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8The government is introducing a new digital payment mode under UPI known as e-RUPI.

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8Yesterday, it was metal stocks, specifically steel companies, that rallied and boosted the markets.

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Benzene prices have escalated in the Ahmedabad market, today.

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On August 2, 2021, Petrochem sources confirmed that MIBK prices have slipped in the Ahmedabad market.

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A rise in ortho xylene prices was noticed in DElhi today.

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On August 2, 2021 the Ahmedabad market saw a rise in ethyl acetate prices.

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On August 2, 2021 phthalic anhydride  prices moved higher in the Kolkata  market.

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The international crude oil price of Indian Basket was quoted at around $74.64 per barrel on August 2, 2021.

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On August 2, 2021 naphtha prices moved up in Japan and Europe on account of positive buying trends in the respective countries.

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Phthalic anhydride prices are rising in Delhi.

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Prices for ammonia in the Ahmedabad market were quoted higher today.

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On August 2, 2021, trading sources reported a fall in phthalic anhydride prices in the Chennai chemical market.

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