8Now that ThyssenKrupp has bagged an EPC contract for the first time, the focus is on its execution.
8Will the company be able to hire the right people for the job?

8This Indian refinery owner has announced a low carbon hydrogen manufacturing project
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8China has imposed fresh lockdowns to contain COVID-19
8And this can impact fertilizer exports
Find out to know more

8IOC's 300,000 MT/year HDPE plant, located at Panipat was shut down.
8There is another petrochemical shutdown too in the same refinery
8Find out what is the status as of now

8We have the full data of fertilizers coming into India
8This is imports coming in over the next few days

8Get the latest shipments coming up in the next few days

8Our daily Indian crude tracker is now at 7.6 million tonnes of crude from various parts of the world.

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Jan 14: Shell's Hazira LNG terminal has suddenly gone dry.
8Only one vessel, booked by ArcelorMittal for its steel mill is currently unloading its cargo. There is to be a list of about five or six cargoes lined up, all of them are gone now, as per our data
8GAIL is bringing in its long term cargoes
8All spot cargoes because of extremely high prices have dried up, leaving a big question mark over how India is going to cope with its gas demand ahead. More than 50% of India's gas demand is catered to by LNG.
8A shortage is likely as a whole lot of buyers were dependent on spot cargoes.
Get the latest vessel line up here,

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Indian Oil Corporation Limited has brought on-stream its HDPE plant.

An Iranian producer has announced its offer for HDPE injection and blow moulding grade.

A producer from the Middle East is heard to have announced its offer for LLDPE film grade.

An Iranian producer is heard to have offered its ABS injection grade.

A producer from Iran is heard to have announced its PS offer in India.

A producer from Iran is heard to have announced its PS offer in India.

On January 14, 2021, MEK prices moved down in the Ahmedabad market. 

On January 14, 2021, MIBK prices slipped in the imported market.

HPL and GAIL raise HDPE BM grades prices.

A price revision in PP and Pe has been announced by OPaL.

IOCL has announced a price revision in PP and PE prices with effect from January 14, 2021.

RIL raises HDPE GPBM, MBM and  wire & cable grades prices.

Reliance Industries Limited has announced a revision in PVC prices.

Reliance Industries Limited raises HDPE BM grade prices.

A revision in PP prices has been announced by Reliance Industries Limited.

GAIL revises HDPE BM prices.

The global gas market is in a complete tizzy
8A January 2021 cargo was sold by Exxon at ~$35/MMBtu or >$200 boe. This is an unheard-of rate
8Then again, on January 11, 2021, an al time high JKM price of $28.2/MMBtu was established.
8Japanese power prices are at $400/MMbtu, a scale never seen before.
8The arbitrage opportunities between Henry Hub and Asian prices is incredibly massive, and GAIL can make the biggest killing ever, except for the fact that most of its US cargoes are already fully tied up
8The US cargo value is a mere $10.8 million and by the time it reaches Asia the value goes up to a massive $112.8 million.
8A cargo can yield an arbitrage of an incredible $100 million. 10 cargoes and you make a billion dollars. This is unbelievable economics.
8PLL can very well take its oil price linked cargoes out of RasGas and sell it at JKM rate and make a whole lot more money than it can by processing that cargo through its Dahej terminal. This looks like a once in a lifetime opportunity.
8LNG cargo rates have hit the ceiling too. With that kind of arbitrage available, the spot cargo rate is close to 0.5 million a day.
8European storage levels have plummeted given the huge arbitrage available between European and Asian prices.