The international crude oil price of Indian Basket was quoted at around $65.71 per barrel on May 04, 2021.

On May 4, 2021, Petrochem sources reported a sharp fall in cyclohexanone prices in the Delhi market.

On May 4, 2021 sulfur prices were quoted higher in Mumbai.

A cut in MEG prices has been announced at JNPT.

A fall in PAN prices in the imported market of Mumbai has been registered on May 4, 2021.

New BGE prices have been announced at Kandla.

On May 4, 2021, ethanol prices moved down in the imported market of Mumbai.

Sulfur prices were assessed lower in the domestic market of Delhi.

Methanol prices have drifted lower today in the imported market of Mumbai and Kandla.

Butyl Acetate prices have been revised at Hazira.

Acetic acid prices have increased in the Mumbai market.

Toluene prices have been reduced by Aegis.

Prices for IPA have been revised at JNPT.

A producer from Saudi Arabian is heard to have offered its ABS in Bangladesh.

A Saudi Arabian producer offers PE in Bangladesh.

A Saudi Arabian producer offers PP in Bangladesh.

A producer from Saudi Arabia is heard to have offered its LLDPE in India.

8By our estimate from normal import levels, chemical imports are down about 12 to as much as 15% in volume terms

8The China-Iran partnership can maul India's position in the Gulf

The Dabhol LNG terminal seems to be still working into the first week of May. But it will not be long before pre-monsoonal weather shuts it down.
8Three cargoes are linked up, the idea for GAIL is to keep its 5 MMTPA tanks filled up, so that it can keep sending LNG after the port shut downs
8Due to ullage problems in Dahej, some cargoes are spilling over to Shell's Hazira terminal.
8Shell has now gotten used to over the years to free loading out of Dahej spillovers and Dabhol
8Meanwhile, COVID has meant that up to five LNG vessels have been diverted away from India

As of today 7.2 million metric tonnes of crude is lined up for Indian ports
8Not a bad number but it is down more than 10% from peak levels noticed in the past
8Still difficult to say whether this is a temporary blip or induced by the lockdown
8Movement control is good, with no long waitings noticed
8Also, at the ground level all crude vessel movements continue to be normal at all ports and anchorages - with no disruptions, delays, congestion reported till date

Import of LNG has been hit badly
8Find out why, as it is not entirely due to COVID
8As many as five cargoes are deferred

In its Cambay block, this operator is playing a low stakes game for now
8But it has high ambitions, it claims

There seems to be a widening LNG spread developing between JKM and West India LNG price marker
8Brought about by a sharp fall in Indian demand
8Will this spread continue to widen

E&P giant is doing a massive COVID 19 purchase
8Total cost could be in hundreds of crores
8Hopefully the government will pay for it