News & Bulletin Updates

Mar 17, 2021: RIL crude matrix

The current crude matrix for RIL is:
8Clov
8Ras Tanura
8Cayo Arcas
8Basrah
8Mina Al Ahmadi
8Some of them are multiple cargoes

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8You may find a flood of US LNG coming into the country
8Find out how

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Monetization of pipeline networks of oil companies is seen by many as selling the family silver
8But that is not necessarily the case
8And it can be a win-win formula for both the buyer as well as the seller

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8Here is this huge company willing to look at picking up E&P acreages in India
8Big or small, the company will not stand on ego, it claims

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8There were some eyebrows raised when this EPCM contractor bid low against established players to grab a large contract
8Is the contract going to be executed at less than cost?

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8More needs to be done to ensure the integrity of pipeline networks
8This is what some players are suggesting

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8Adanis-Welspin gas find
8Some Details

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Indian state refiners are planning to cut oil imports from Saudi Arabia by about a quarter in May, in an escalating stand-off with Riyadh following OPEC's decision to ignore calls from New Delhi to help the global economy with higher supply.

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PSU oil marketing company Bharat Petroleum Corporation Ltd (BPCL) is aiming big to expand its footprint in clean fuel space and looking to set up an infrastructure to tap the growing market for electric and gas-based mobility, an official said on Tuesday.

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 State-run Indian Oil Corporation, the country's top refiner, plans to sell hydrogen-producing units at its plants to private sector entities, its chairman S. M. Vaidya said on Tuesday.

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Qatar Petroleum, the world's top liquefied natural gas (LNG) producer, is cranking up the pressure on high-cost rivals with bold expansion plans that will boost supplies over the coming decade and potentially push prices down further.

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8One Sulphuric acid shipment is coming up on 19 March 2021
8One Rock Phos shipment is coming up on 25 March 2021
8One Phos acid shipment is coming up on 18 March 2021

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Looking at the current scenario, international offers for Indian ports and other price governing factors, it seems that Indian producers may announce revision in polymer prices.

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On March 17, 2021, the purchase trend for ABS prices decreased in the open markets of Mumbai, Delhi, Ludhiana, and Ahmedabad.

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On March 17, 2021, HDPE Blow Moulding prices went down in the Indian domestic market.

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On March 17, 2021, the purchase trend for EVA decreased by Rs.2-3/kg in the open markets of Mumbai, Delhi, Chennai, Ahmedabad, and Hyderabad.

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On March 17, 2021, the Delhi market witnessed a rise in ammonia prices.

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Caustic soda flakes prices moved up in Delhi today.

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On March 17,2021, acetic acid prices were assessed lower in the Mumbai market.

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A fall in MEG prices has been quoted in the Delhi market today.

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On March 17, 2021 cyclohexanone prices fell sharply in the Mumbai market.

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The international crude oil price of Indian Basket was quoted at around $66.87 per barrel on March 17, 2021.

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The Kandla polymer market witnessed a decrease in MIBK prices today.

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On March 17, 2021, Petrochem sources confirmed that Phenol prices have slipped in the Delhi market.

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Mix Xylene prices have been revised at Kandla.

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