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4 days agoBitumenBitumen EmulsionBase Oil

Tariff Turbulence Hits Oil Trade: Indian Refiners Navigate Pressure from U.S. and EU Sanctions

India's oil market remains tight as refiners rush to replace Russian crude amid geopolitical tensions and Western scrutiny. Brent and WTI prices remain steady, but Indian bitumen prices vary across grades and locations. Urgent tenders and sourcing shifts point to rising procurement costs and heightened volatility in global energy markets.
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10 days agoBitumenBitumen EmulsionBase Oil

Oil Market Gains Amid US Crude Draw and Russian Export Cuts

Bitumen and base oil prices showed mixed regional trends, with sharp drops in VG40 and firm furnace oil rates. Crude oil markets strengthened on falling U.S. inventories and Russian export cuts. Despite temporary supply easing from Venezuela, global prices are expected to remain firm, supported by supply constraints and geopolitical developments.
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14 days agoBitumenBitumen EmulsionRust Preventive Oil

Rosneft-EU Sanctions Impact on Indian Refining and Oil Trade

Despite EU sanctions on Nayara Energy, India’s bitumen and base oil markets remain stable. Prices hold firm, driven by strong domestic demand and steady supply. While geopolitical risks may impact long-term trade dynamics, India’s neutral stance and Nayara’s independent operations help maintain short-term stability in oil product availability and pricing.
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17 days agoFuel OilRubber Process OilRust Preventive Oil

EU Sanctions on Russian Oil Supply Chain Impacting Global Dynamics

The EU plans to lower the Russian oil price cap from $60 to $45–50 per barrel, aiming to curb Moscow’s revenue. This could trigger crude price volatility and boost demand for discounted Russian oil from countries like India. Previously, Russia bypassed the cap’s impact by inflating freight and insurance costs, maintaining near-market earnings despite restrictions.
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18 days agoBase OilFuel Oil

Base Oil Prices Steady in Asia Despite Monsoon-Led Demand Slowdown

Base oil prices across Asia remained stable to firm in mid-July, supported by constrained supply and rising crude benchmarks. Group I and III grades saw the most pressure. Demand stayed weak due to monsoon impact and soft industrial activity, while refinery turnarounds kept supply tight. Outlook remains firm for key grades.
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28 days agoBitumenBase OilHydraulic Oil

Tight Bitumen Supply and Firm Demand Keep Indian Market Supported

Brent crude has softened to $82.34/barrel on recession fears, but disciplined OPEC+ output keeps the downside in check. In India, bitumen prices continue to rise, especially at Kandla, amid tight import supply and strong restocking demand. Market sentiment remains bullish due to ongoing monsoon disruption and limited PSU allocations.
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1 month agoBitumenBase OilFuel Oil

Petrochemicals Set to Dominate Oil Demand Growth by 2030, Says IEA

Crude oil prices dipped marginally as global sentiment remains cautious. However, demand from petrochemicals is poised to become the largest growth segment for oil through 2030, driven by rising use of plastics and synthetic materials. China and the US lead in feedstock capacity, shaping trade flows and refining economics.
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1 month agoBitumenBitumen EmulsionBase Oil

Impact of Israel-Iran Conflict on Bitumen and Oil Prices

Bitumen prices across global markets show mixed trends as early monsoon weakens Indian demand while geopolitical instability, especially the Israel-Iran conflict, tightens supply. Crude volatility and force majeure conditions in Iran are disrupting export flows, with Europe and China facing upward pressure. Market participants must brace for heightened price and supply risks.
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1 month agoBitumenBitumen EmulsionBase Oil

Crude Oil Price Drop and Its Ripple Effect on Indian Oil Companies

Oil prices fell nearly 5% to $65.72/bbl following the Iran-Israel ceasefire, relieving pressure on Indian refiners but straining upstream firms like ONGC and Oil India. Domestic petroleum prices remained steady. Refining margins improved due to lower input costs, but global demand hesitancy and high inventories continue to weigh on market sentiment.
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1 month agoBitumenBitumen EmulsionBase Oil

India Weighs Export Cuts Amid Hormuz Blockade Threat

Petroleum product prices in India remain steady amid geopolitical tensions in the Middle East. While supply is currently uninterrupted, the threat of a Strait of Hormuz blockade is prompting India to prepare contingency plans, including export curbs. Strategic reserves and sourcing diversification may shield domestic markets from immediate disruption, but global pricing remains volatile.
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1 month agoBitumenBitumen EmulsionBase Oil

Iran-Isreal Tensions Push Crude Prices Higher Amid Hormuz Risk

Petroleum product prices in India remain steady, but rising geopolitical tensions between Israel and Iran have pushed crude oil prices to a two-month high. While India’s strategic reserves and advance procurement offer short-term protection, elevated freight costs and risks to the Strait of Hormuz may impact pricing and supply chains.
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1 month agoBase OilGear OilFuel Oil

India Charts Course for Energy Shipping Independence with $600 Million Tanker Plan

India’s bitumen and base oil prices showed mixed trends, with bulk VG40 and emulsion variants varying by region. Meanwhile, state refiners plan $600M in domestic MR tanker orders, 15–20% costlier than imports, reflecting a push for energy logistics self-reliance. Strategic support and efficient execution remain key challenges.
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