Energy & Petroleum
Energy & petroleum prices include a variety of products used in different industries like highways, railways, infrastructure & construction and oil & gas. Some ...
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Energy & Petroleum Market Insights: Make informed decisions
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Indian Refiners Boost US Oil Imports Ahead of Trade Talks
Crude oil prices dipped as Brent fell to $63.61 and WTI to $59.72, amid weaker Asian refinery demand and rising trade tensions. Meanwhile, the Indian Rupee marginally appreciated. India’s crude sourcing shifts toward the US, with record June purchases planned, positioning oil imports as leverage ahead of May’s India - US trade talks.
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Bitumen Market Steady Amid Global Volatility and Seasonal Demand Boost
Crude oil prices dropped sharply, with Brent at $66.18 and WTI at $62.45 per barrel, amid rising supply and weak demand. Bitumen held steady across most Asian markets, though Bahrain saw a $50 drop. Indian prices remained firm, supported by seasonal construction demand, despite overall market caution.
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Fuel Oil Market Sees Mild Decline Amid Stable Shipping Demand and Supply Pressures
Virgin 180cST Furnace Oil prices in India are ₹47.5–₹49/kg. East China’s 180cST market declined 0.45% to $751/ton. Global inventories show mixed trends: fuel oil stocks rose, while middle distillates fell. Despite slight crude gains, cautious buying dominates, keeping fuel oil market sentiment consolidative amid OPEC+ policy uncertainties.
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Crude Price Drop and Fiscal Flexibility Anchor India’s 6.5% Growth Outlook Amid Global Headwinds
Crude oil prices rose modestly, with WTI at $64.19/bbl and Brent at $67.89/bbl. Domestic demand in India stays resilient, aided by easing inflation and fiscal headroom. Bitumen, base oil, and lubricants remain stable across regions. Export headwinds persist amid global tariff tensions, but GDP growth is projected at 6.5% for FY26.
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UK Imposes Provisional Anti-Dumping Duties on Engine Oils and Hydraulic Fluids: GOV.UK
Base Oil (SN150) is priced at ₹68/kg in Delhi and ₹61.5/litre in Kandla. In Bhiwadi, hydraulic and specialty oils range from ₹87 to ₹135/litre. UK imposes anti-dumping duties on engine oil and hydraulic fluid imports from Lithuania and UAE, aiming to protect domestic manufacturers from price undercutting and margin erosion.
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India's Crude Imports Shift: OPEC Share Hits Record Low as Russian Oil Dominates in FY 2024-25
Crude oil prices saw modest gains, with WTI at $64.19/bbl and Brent at $67.89/bbl. The Indian Rupee weakened to ₹85.34/USD. Russia now supplies 36% of India’s crude, outpacing OPEC. Domestic bitumen, base oil, and fuel oil prices remain stable. Market sentiment is bullish amid tightened supply and rising geopolitical risks.
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Base Oil Prices Steady-to-Soft as Market Awaits Clarity on Tariffs and Crude
Base oil prices in Asia remained soft in April amid sluggish demand and geopolitical uncertainty. Select grades like Bright Stock and Group III remain tight due to supply constraints. However, Group II prices faced downward pressure from rising inventories. Market outlook stays cautious as crude benchmarks decline and trade risks persist.
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Global Bitumen Market Wavers Amid Geopolitical Tensions, Oil Volatility, and Trade Sanctions
Petroleum prices showed mixed movement this week, with Brent crude closing at $66.48 and bitumen prices increasing slightly in India due to strong local demand. While no immediate disruptions have been reported from Middle Eastern tensions, underlying geopolitical uncertainty continues to influence supplier sentiment and price volatility, especially in markets like Iran. U.S.–China tensions and ongoing Iran-U.S. negotiations are also shaping market forecasts and investor behaviour.
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India’s Crude Import Cost Hits 4-Year Low Amid Rising Demand and Global Price Slump
India’s average crude oil import price has fallen below $70 per barrel for the first time since August 2021, offering refiners a breather amid global volatility. Despite international supply fluctuations and geopolitical tensions, Indian fuel demand remains strong. With record-high import dependence and steady domestic consumption, refiners are likely to benefit from improved margins and better procurement terms.
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Latest energy & petroleum prices: Unlock the best deals
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Understanding the Composition & Manufacturing Process of Bitumen Emulsion
Published on: Apr 10, 2025
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Future of Fuel Oil: Will Renewable Alternatives Replace It?
Published on: Apr 9, 2025
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What is Fuel Oil? A Comprehensive Guide to Its Types & Uses
Published on: Apr 8, 2025
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Oil Price Forecasting: Strategies for Energy Buyers & Traders
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India’s Oil & Gas Sector: Key Developments & Policy Updates in 2025
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Top 6 Raw Materials Whose Prices Are Going to Rise This Year
Published on: Feb 27, 2025
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A Complete Guide to Industrial Coatings: Types, Benefits, and Applications
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Why Bitumen Emulsion Rates Are Rising: Understanding Supply Chain Challenges
Published on: Nov 29, 2024
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