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NAPHTHA PRICES
- Hormuz crisis lifts ONGC oil business, squeezes petrochemical unit as feedstock costs surgeThe financial landscape for ONGC's petrochemical unit OPaL is alarming, as it faces considerable losses amid skyrocketing naphtha and gas p...
India faces higher oil import costs as crude prices surge on West Asia supply risksInternational crude prices surged, impacting India's oil import bill and inflation. Escalating West Asia tensions raised concerns about glo...- Government fixes LPG production targets for refiners, Reliance gets largest shareIndia has set maximum LPG production targets for refineries and upstream companies. This move aims to build a domestic supply buffer after ...
- Global oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA saysGlobal oil supply will fall by 4.3 million barrels daily this year. Renewed Middle East hostilities are disrupting supplies and deepening t...
- Red Sea shipping slows after Houthi attack on Saudi Arabia, data showsShip traffic through Bab el-Mandeb decreased Sunday after Houthi attacks on Saudi oil sites. Fewer than ten commodity vessels passed throug...
- Ashish Kacholia cuts stake in two chemical stocks after 114% rally. What's driving the move?Ace investor Ashish Kacholia has reduced holdings in two chemical stocks. Yasho Industries and Fineotex Chemicals saw stake reductions by t...
- India's fuel consumption drops 3.7% in June from previous monthIndia's fuel consumption fell approximately 3.7% in June from the previous month. Liquefied petroleum gas consumption saw a significant yea...
- Asia's vendors grapple with rising costs of ever-present plasticsRising plastic costs: Asian food vendors are struggling with soaring plastic costs, a direct consequence of the Middle East energy crisis. ...
- Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economyIndia's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the I...
- Russia surpasses UAE as India's top naphtha supplier amid discountsRussia has surpassed the United Arab Emirates as India's top supplier of naphtha, a key petrochemical feedstock, due to discounted Russian ...
- Petrochemical companies may see feedstock supply crunch, margin pressureThe supply itself would be a challenge for Asian countries, especially India, which are structurally short of the fuel. Saudi Aramco is the...
- UBS reiterates ‘sell’ on Reliance Industries shares; price target Rs 1,070/shareThe brokerage reiterated its ‘sell’ rating on the shares, with a one-year price target of Rs 1,070 a share, which is almost 5% lower than i...
- Govt framing policy for conversion into gas-based urea unitsIn order to reduce fertiliser subsidy bill, govt is working on a policy to make all urea fertiliser firms running on naphtha.
- Naphtha beats LNG as cheaper fertiliser fuelFor the first time, fertiliser companies have begun paying a higher price for spot LNG (liquefied natural gas) than for naphtha.
- Naphtha duty may leave textile companies in knotsPolyester and nylon clothing are set to turn costlier by 2-3%. The imposition of 5% Customs duty on naphtha (an input for manmade fibres) i...
- HPL to undertake feasibility plan for expansionHaldia Petrochemicals Ltd (HPL), on the verge of implementing the 'Supermax' project by increasing naphtha cracking capacity, has been auth...
- Haldia Petro margins hit by high naphtha pricesFollowing steep rise in naphtha prices, margins of Haldia Petrochemicals Ltd (HPL) was affected to a considerable extent.
- Asia Naphtha Prices hit record highAsian naphtha prices hit an all-time high on Friday, reflecting strong crude oil prices, but the premium against Brent crude remained stead...
- State turns to DPC as power demand risesThe sudden increase in electricity demand in Maharashtra has forced the state government to buy electricity from Dabhol plant.
- Dabhol power could be too hot to handleSurging naphtha prices and the delay in fixing tariff on the part of Maharashtra Electricity Regulatory Commission (MERC) are putting press...
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