8A fierce battle is brewing in India where Russia has undercut the price of oil from its OPEC+ ally Saudi Arabia, paving the way for Moscow to expand market share in one of the biggest crude importers.

8India's plans to launch a carbon market advanced Aug.3 with the tabling in parliament ofthe Energy Conservation (Amendment) Bill 2022 that sets the framework for a rolloutin nearfuture,government sources told S&P Global Commodity Insights.

8Even though India and China's spending on Russian energy imports have doubled this year, Asia cannot fully absorb Moscow's shrinking oil and gas market, according to a study by researchers at Yale University.

8India is looking at pockets of opportunities for oil overseas and its decision to invest $1.6 billion in an oil project in Brazil part of that scheme, said credit rating agency S&P.

8Indian Oil Corporation (IOC) is targeting to replace at least a tenth of its current fossil-fuel-based hydrogen at its refineries with carbon-free green hydrogen as part of a decarbonisation drive.

High LNG prices have caused demand destruction in India.
8There is price inelastic demand from the fertilizer and refining sector
8But elsewhere demand is sliding, and alternate fuels are finding their way in

What kind of ammonia prices are currently prevailing?
8And what price are Indian buyers buying?

8Fertilisers shares closed lower in the Thursday's session.

VAM prices firmed up in Ahmedabad in anticipation of tight regional product avails and improved buying sentiments.

PBR grade 1220 prices have escalated in the Delhi market, today.

An elevated trend is noticed in Delhi prices.

Adipic acid prices were overvalued in the Mumbai market today.

Cyhalothrin 95%  prices witnessed a significant fall in the Mumbai market today.

Triazolone (95%) prices have registered a fall in the Delhi market today.

Spirodiclofen 95% prices were much higher in the Delhi market today.

Gold prices were much higher in the Ahmedabad market today.

Gold prices were assessed lower in the Mumbai market today.

A significant fall in BGE prices in the Kandla chemical market was reported by Petrochem sources today.

Petrochem sources confirmed that cyclohexane prices have slipped in the Hazira market.

An elevated trend is noticed in propylene glycol prices.

Petrochem sources reported a significant fall in acetonitrile prices in the Kolkata chemical market.

The following steel companies will be holding board meetings in the near future:
8Alliance Integrated Metaliks
8Ankit Metal & Power
8Crimson Metal Engineering Company
8lmpex Ferro Tech
8Mahalaxmi Seamless
8MSP Steel and Power
8Nile Ltd

8Get the details of the overall capacity, production and capacity utilization of crude steel in India during the last five years

8The company defaulted on a total payment of 15 crores for a “working capital revolving facility”

8The e-voting starts on 4 August at 9 AM and ends on 2 September at 5 PM