India's fuel demand dips to lowest in over two years
Consumption of fuel has touched its lowest since July 2017 indicating that the economy is in the throes of a slowdown. Diesel, which is mostly used in commercial vehicles and farms, saw a drop in consumption of more than 3 per cent in September.
Aramco vows correct crude grade and volumes this month, says RIL
Oil major will also acquire stake in RIL’s oil-to-chemicals biz for $75 bill...
Petrochemical companies may see feedstock supply crunch, margin pressure
The supply itself would be a challenge for Asian countries, especial...
Haldia Petrochemicals plant shut down after fire
The fire broke out at the company's Haldia plant in West Bengal on Friday, leaving at least 15 people injured.
Major fire at Haldia Petrochemical's unit; 15 injured
on Friday injuring 15 people, a senior police officer said.
Diesel demand falls 7.4% in October partly due to economic slowdown
Accounting for a share of 40% of the country's total oil requirement, demand for diesel has reported to plunge 7.4% in October from a year ago which is the biggest monthly fall in three years. Economic slump, extended monsoon, auto sector slowdown, preference for petrol vehicles are some factors behind the downfall in demand for diesel.
Reliance offers more naphtha but non-petchem grade
However, some 60 percent of the August volumes were considered off-specification as the grade does not meet the requirements of the petrochemical industry standard
UBS reiterates ‘sell’ on Reliance Industries shares; price target Rs 1,070/share
The brokerage reiterated its ‘sell’ rating on the shares, with a one-year price target of Rs 1,070 a share, which is almost 5% lower than its close of Rs 1,123.45 on the Bombay Stock Exchange on Thursday.
Fuel demand growth strong in August despite record high prices
The weaker rupee and high crude oil prices have combined to take fuel prices to record highs in the country.
Reliance to increase naphtha exports by 500,000 T in 2017-18
Reliance aims to import 1.3 million tonnes-1.4 million tonnes of ethane in 2017-18, said Vipul Shah, chief operating officer for petrochemicals, Reliance, told reporters.
UFC confirm positive test for light-heavyweight champ Jones
MIXEDMARTIALARTS-JONES/DOPING:MMA-UFC confirm positive test for light-heavyweight champ Jones
GST to have negative impact on oil and gas industry: Report
In the gas utilities segment, the report warned that gas marketers will face complexities as they will pay the GST on transmission tariffs, while sale of natural gas is outside the purview of GST.
Challenging times ahead for Indian Petrochemical Producers as olefins cycle set to weaken further, says ICRA
“Changing industry dynamics both globally and domestically, besides emergence of new industry influencing determinants will have a bearing on the petrochemical sector,” ICRA said.
Subsidy to naphtha fertiliser plants to continue: Ananth Kumar
Chemical & petrochemical industry is at threshold of "sustainable" growth with govt providing a framework of support & encouragement, said Ananth .
Cabinet committee approves production from three naphtha-based urea plants
Fertiliser Minister Ananth Kumar said the decision to approve continuation of its production was to ensure a smooth supply in southern states like Karnataka, Tamil Nadu and Kerala.
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