Hydraulic Oil
Hydraulic oils are high-performance lubricants that help hydraulic systems transfer power efficiently while providing lubrication and protection to system compo...
Hydraulic Oil Bytes
Hydraulic Oil Market Report
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India’s Petrochemical Sector Maintains Growth Amid Global Headwinds
India’s petrochemical market remains resilient despite global oversupply and weak margins, driven by strong demand in EVs, solar, and infrastructure. Domestic refiners like BPCL and IOC benefit from integrated production, reducing cost pressures. While China’s slowdown impacts global trends, India’s $87 billion investment pipeline ensures long-term growth and market stability.
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Fuel Oil Market Stable Amid Bearish Sentiment & Holiday Slowdown
Fuel oil prices in India remain stable, with slight regional variations. The Chinese market saw a minor decline due to weak demand and falling crude prices. Global fuel oil inventories rose, influencing bearish sentiment. Major contracts and MoUs were signed for crude, LNG, and renewable energy initiatives, ensuring future supply security.
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India’s Rising Crude Oil Import Bill Amidst Supply Challenges
India’s crude oil import bill rose by 2.7% in FY25 due to higher demand and reduced Russian crude discounts. Refiners are diversifying sourcing, increasing US oil and LNG imports. Geopolitical tensions, OPEC+ cuts, and price volatility continue to impact costs. Market trends indicate a shift toward energy security and diversification.
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Geopolitical Tensions, Oil Market Shifts, and Bitumen Price Trends: Key Global Developments
Roadgrip Bitumen (VG40) in Mangalore is priced at ₹38,559.32/MT, while Roadgrip Bitumen (VG30) in Mundra is available at ₹38,300/MT. In Chennai, Refinery Bitumen (VG30) is priced at ₹45,352/MT, and Refinery Bitumen (VG40) is listed at ₹48,152/MT.
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India’s Zero-Tax Policy on Foreign Crude Oil Suppliers: Boosting Trade, Securing Energy Needs
India's zero-tax policy for foreign crude oil suppliers is set to enhance competition and supply security. BPCL secures a major deal with Petrobras, expanding India's crude sourcing. Meanwhile, Russian oil flows to Asia are shifting, and India's trade deficit narrowed in January. Experts see these changes reshaping India's energy landscape.
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Indian Oil Expands Refining Capacity Amid Rising Fuel Demand and Weak Petrochemical Margins
Crude oil prices edged higher as Russian production fell below OPEC+ quotas. U.S. sanctions and tariffs added pressure on global trade. Indian Oil continues Russian crude purchases while expanding refining operations.
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Middle East Gains Crude Market Share Amid Shifting Supply Dynamics
Crude oil prices experienced modest gains, driven by geopolitical uncertainties and supply chain challenges. India’s crude imports from the Middle East surged to a 27-month high as refiners sought alternatives to Russian oil amid sanctions. Expansion plans in India’s refining sector aim to meet growing demand, while diversification efforts continue to reduce reliance on select suppliers.
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Bitumen Prices and Demand Stay Volatile Due to U.S. Oil Policy and Seasonal Factors
Bitumen prices are seeing significant fluctuations, with Roadgrip Bitumen (VG30) priced between ₹38,300 and ₹42,420 per metric ton across different Indian regions. The market is experiencing mixed demand trends, influenced by geopolitical events and seasonal slowdowns, particularly in northern India due to winter conditions. The global crude oil market dipped following President Trump's announcement to increase U.S. oil production.
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India’s Base Oil Imports Decline in November Amid Weaker Demand and Rising Domestic Production
India's base oil imports declined for the second consecutive month due to weak post-Diwali demand and increased domestic production. Key suppliers saw fluctuating shipments, with UAE imports rising. Economic slowdown affected lubricant consumption. While local refining capacity is growing, global price movements and demand trends will shape market dynamics in early 2025.
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Hydraulic Oil Market Report
India’s Petrochemical Sector Maintains Growth Amid Global Headwinds
India’s petrochemical market remains resilient despite global oversupply and weak margins, driven by strong demand in EVs, solar, and infrastructure. Domestic refiners like BPCL and IOC benefit from integrated production, reducing cost pressures. While China’s slowdown impacts global trends, India’s $87 billion investment pipeline ensures long-term growth and market stability.
Read Story
Fuel Oil Market Stable Amid Bearish Sentiment & Holiday Slowdown
Fuel oil prices in India remain stable, with slight regional variations. The Chinese market saw a minor decline due to weak demand and falling crude prices. Global fuel oil inventories rose, influencing bearish sentiment. Major contracts and MoUs were signed for crude, LNG, and renewable energy initiatives, ensuring future supply security.
Read Story
India’s Rising Crude Oil Import Bill Amidst Supply Challenges
India’s crude oil import bill rose by 2.7% in FY25 due to higher demand and reduced Russian crude discounts. Refiners are diversifying sourcing, increasing US oil and LNG imports. Geopolitical tensions, OPEC+ cuts, and price volatility continue to impact costs. Market trends indicate a shift toward energy security and diversification.
Read Story
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