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Market News Today

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Russian Oil Exports Increase Despite Sanctions

Russian Oil Exports Increase Despite Sanctions

Indian Oil Majors Eye Brazilian Crude

Indian Oil Majors Eye Brazilian Crude

ENEOS Restarts Kawasaki PX/OX Unit

ENEOS Restarts Kawasaki PX/OX Unit

Sabic AN Advances Blue Ammonia Project

Sabic AN Advances Blue Ammonia Project

Numaligarh Refinery Expands with New PP Unit

Numaligarh Refinery Expands with New PP Unit

CPDC Reduces ACN Line Rates

CPDC Reduces ACN Line Rates

Feedstock Prices: Naphtha, Propylene Overview

Feedstock Prices: Naphtha, Propylene Overview

Ethylene Prices Across Major Markets

Ethylene Prices Across Major Markets

SHFE Copper, Nickel Prices Rise in early July

SHFE Copper, Nickel Prices Rise in early July

ASEAN Wire Rod Market Stabilizes Amid Chinese Developments

ASEAN Wire Rod Market Stabilizes Amid Chinese Developments

A Slight Rise in Chinese Wire Rod Export Prices

A Slight Rise in Chinese Wire Rod Export Prices

Turkish Long Steel Producers Hold Firm Amid Scrap Costs

Turkish Long Steel Producers Hold Firm Amid Scrap Costs

Steel Futures Stabilize at Half-Month Highs, Supported by Inventory Data

Steel Futures Stabilize at Half-Month Highs, Supported by Inventory Data

China Boosts Oil Reserves by 60M Barrels

China Boosts Oil Reserves by 60M Barrels

U.S. Crude Exports to Europe Drop

U.S. Crude Exports to Europe Drop

US Crude Inventories and Production Drop

US Crude Inventories and Production Drop

Stable Propylene Prices in Asian Markets

Stable Propylene Prices in Asian Markets

Chandra Asri Restarts LLDPE, HDPE Units

Chandra Asri Restarts LLDPE, HDPE Units

China's Stainless Steel Prices Volatile Amid Economic Slowdown

China's Stainless Steel Prices Volatile Amid Economic Slowdown

China's Rebar Prices Surge Amid Increased Sales

China's Rebar Prices Surge Amid Increased Sales

Latest Market News Of Energy & Petroleum

Daily Report Insights News

Saudi Aramco Bids for Australian Energy Major

Saudi Aramco Bids for Australian Energy Major

Energy & Petroleum

Saudi Aramco demonstrates interest in global gas expansion with bids on Australian energy giant, Santos. The move follows an attempted takeover by local competitor Woodside earlier this year.

Giant oil tankers find new business after Houthi ship attacks

Giant oil tankers find new business after Houthi ship attacks

Energy & Petroleum

The Economic Times

After Yemen's Houthi attacks disrupted global shipping, major oil-hauling supertankers have started transporting large quantities of diesel. Several VLCCs, capable of carrying 2 million barrels of oil, are transitioning to deliver clean petroleum products instead.

Kazakhstan exceeded OPEC+ oil quota in June, raised output, sources say

Kazakhstan exceeded OPEC+ oil quota in June, raised output, sources say

Energy & Petroleum

Hellenic Shipping News

Kazakhstan surpassed its OPEC+ oil quota in June by 4%, pumping 7.24 million metric tons daily, according to sources. This overproduction highlights potential impacts on global oil supply and Indian commodities market.

Asia Naphtha/Gasoline-Gasoline steady near March highs, naphtha falls

Asia Naphtha/Gasoline-Gasoline steady near March highs, naphtha falls

Energy & Petroleum

Hellenic Shipping News

Asia's gasoline markets remain steady, nearing March peak levels due to major US inventory reductions prior to the holiday weekend. However, growth is restrained by increasing Singapore stocks.

Australia Could Be Hit by Natural Gas Shortage in 2027

Australia Could Be Hit by Natural Gas Shortage in 2027

Energy & Petroleum

The Australian Competition and Consumer Commission (ACCC) warns of potential natural gas shortage from 2027, suggesting policy and market response diversity for long-term solutions, according to an interim Gas Inquiry report by Bloomberg.

China asks state firms to add 60 mln barrels of oil to reserves, Vortexa and sources say

China asks state firms to add 60 mln barrels of oil to reserves, Vortexa and sources say

Energy & Petroleum

Hellenic Shipping News

China has instructed its state oil corporations to increase crude oil in their emergency reserves by nearly 60 million barrels, as per analytics firm Vortexa. This move aims to amp up supply security.

Oil prices on track for fourth straight week of gains

Oil prices on track for fourth straight week of gains

Energy & Petroleum

The Economic Times

Oil prices are set for a fourth consecutive week of gains, powered by hopes for strong summer fuel demand and some supply concerns. While Brent Crude futures have risen 7%, U.S. WTI crude futures have climbed 9%.

1520

Saudi Aramco to Supply Clean Energy Solutions to China

Saudi Aramco to Supply Clean Energy Solutions to China

Saudi Aramco plans to extend its energy cooperation with China to include clean energy solutions, beyond crude supply and petrochemicals, according to downstream director, Mohammed Y. Al Qahtani.

KMG, SIBUR, and Sinopec Sign Shareholder Protocol for Silleno Project

KMG, SIBUR, and Sinopec Sign Shareholder Protocol for Silleno Project

Kazakhstan's first integrated gas chemical complex, aimed at polyethylene production, is set to commence following a landmark agreement between KMG, SIBUR, and Sinopec. The facility, located in the Atyrau region, will have a capacity of 1.25 million tons.

Rising Freight Costs and Supply Shortages Boost Anhydrous Hydrofluoric Acid Prices in Brazil

Rising Freight Costs and Supply Shortages Boost Anhydrous Hydrofluoric Acid Prices in Brazil

Brazil's Anhydrous Hydrofluoric Acid prices escalated owing to increased freight charges and cargo shortages since June 2024. High upstream raw material costs in China, a major exporter, exerted further upward pressure on market prices.

Mild Steel Prices

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Fe 500

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Fe 500

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Fe 500

EX - Rourkela

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EX - Raigarh

Secondary TMT

Fe 500

EX - Raipur

Secondary TMT

Fe 500

EX - Mumbai

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