News

Indian Biodiesel Producers Raise Concern Over Unauthorized Sales of Low-Quality Fuel

Ever since the Indian government launched the revised policy on biofuels in 2018, there has been increased activity on the country’s need to modernize the public transport fleet and promot... Read More

Aug/2020

BPCL Resumes Operations on Over 2118 Stalled Projects, a Game Changing Initiative for Future Growth

India’s second largest oil marketing company, Bharat Petroleum Corporation (BPCL), has announced the resumption of around 2118 projects, requiring total expenditure of INR 503000 million i... Read More

Aug/2020

Sasol And Westlake Shut Chemical Plants Over the Arrival of Hurricane Laura in Texas and Lousiana

Ahead of the necessary evacuation steps required in response to storm accompanying Hurricane Laura, South Africa-based Sasol has announced shut down of its operations at its Lake Charles facilit... Read More

Aug/2020

Asia Naphtha Market Gathers Stability with Reviving Demand

After experiencing a period of prolonged uncertainty, Asia Naphtha market is paving strong grounds with spot demand for October reviving in several regions. The intermonth spread for initial wee... Read More

Aug/2020

Indian Polypropylene Producers Extend Price Stability till August End

Prices of Polypropylene headed towards stability in the Indian market after domestic producers decided to roll over the prices between 19-31 August amid limited room for price movements. The mea... Read More

Aug/2020

GAIL’s EBIT Drops to a Staggering Low, Underlines the High Price Risk Associated with U.S LNG Contracts

As per Fitch Ratings, GAIL India limited registered 82 per cent fall in pre-tax profit (EBIT) to approximately INR 4800 million y-o-y basis, highlighting the price risk associated with long term... Read More

Aug/2020