Oil & Gas
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Daily Report on Oil & Gas Industry
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2 days agoBase OilFuel OilHydraulic Oil
Muted Base Oil Group I Demand, Tight Light Grades Amid Balanced Group II & III Supplies
The base oils market stayed mostly steady to soft, with Group I pressured by excess Iranian and Chinese supply. Group II remained capped by weak crude and feedstock values, while Group III stayed broadly stable, though 4 cSt and 8 cSt showed localized weakness. Buyers continued cautious, need-based procurement.
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7 days agoBitumenBitumen Emulsion
Roadgrip Unveils Fresh Bitumen, Emulsion Prices; Singapore Cargoes Outpace Mideast Levels
Bitumen prices remain steady in India with VG40 bulk at ₹36,300/MT (Karwar) and VG30 drums at ₹37,800/MT (Mundra). Internationally, Singapore-origin cargoes ($430.50/t FOB) are gaining traction as Middle East supplies tighten. South Africa faces rising import dependence with Natref’s production halt, prompting a shift toward Asia-Pacific sourcing despite higher costs.
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15 days agoBitumenBitumen Emulsion
Bitumen Market Steady with Mild Bearish Undertone Ahead of Post-Monsoon Rebound
Bitumen prices in India remain steady, supported by a stable rupee and softer crude benchmarks. Seasonal monsoon conditions continue to depress demand, though supply from Iraq and Iran remains consistent. With crude softening and INR stable, parity costs are under mild downward pressure. A demand rebound is expected post-monsoon.
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21 days agoBitumenBitumen EmulsionBase Oil
Russian Urals Crude Gains Ground in Asia as U.S.–India Trade Tensions Escalate
Russian Urals crude maintains a strong pricing edge over Saudi grades, reshaping Asian trade flows. China and India increase reliance on discounted Russian barrels, while U.S. tariffs on Indian imports raise geopolitical tension. Saudi Aramco adjusts supplies to defend market share. Competitive pricing and politics drive short-term crude market trends.
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27 days agoBitumenBitumen EmulsionBase Oil
Crude and Bitumen Prices Ease Amid Weak Demand, Stockpile Surge
Crude oil and bitumen prices softened amid weak demand and rising stockpiles, especially in the U.S. Trade tensions and geopolitical uncertainties added further downward pressure. Bitumen prices in Europe dipped slightly, while Bahrain held steady. Markets remain volatile, with investor sentiment cautious ahead of further trade and policy developments.
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1 month 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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1 month 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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1 month 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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1 month 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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From Where Do Indian Pipe Manufacturers Source Their Raw Materials?
Published on: Jul 7, 2025
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Bitumen vs Coal Tar: Which is Better for Road Construction?
Published on: May 28, 2025
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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
Published on: Apr 7, 2025
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India’s Oil & Gas Sector: Key Developments & Policy Updates in 2025
Published on: Apr 4, 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
Published on: Feb 4, 2025
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