Oil & Gas
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3 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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6 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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7 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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17 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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23 days 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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28 days 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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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
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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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