The war has opened up highly discounted Russian crude to reach India
8There is also Russian crude being sold in Chinese Yuan

Find out how Moscow's Rubles for oil policy will dislocate global economic dynamics for ever.
8The point to note is that it is becoming increasingly easy for the rest of the world to reject the demands of the West because it is no longer as economically omnipotent as it once was”
Click on Reports to know how not just Europe but the world will change for every as a result of the war

India has been long talking of offshore wind energy projects.
8And more than one project has been on the drawing board for sometime
8But along with that ambition, a lot of work has to be done both by project promoters as well as vendors for the associated demand for major fixed-bottom and floating offshore wind components (e.g., wind turbines, foundations, cables, substations), and the vessel and port requirements to support those installation activities.
8There are examples there however of  sensitivity analyses showing how the demand for components, ports, and vessels changes for different technology pathways and availability of the global supply chain.
8There is data available now on critical path components that represent a significant challenge, bottleneck, or risk for a future domestic supply chain when a country develops its offshore wind capabiliities

Know more on how gas and oil price increases are creating their own ripples in the Indian economy
8How are key sectors impacted by the rise in gas prices?
Also, how would higher oil prices work their way through different segments of the Indian economy?

8In the midst of ongoing gas crisis, and in the light of excellent prices elicited in domestic gas auctions, it will be of interest to watch how this domestic auction of gas will go
8Meanwhile, another E&P operator which compelted an auction is running into unanticiapted torubles

There is a "war premium" on LNG these days
8Then why are US LNG projects on the anvil still marketing volumes at prices existing at pre-invasion levels?

New LNG terminals coming up in India are in trouble
8There are clear economic and financial risks ahead

8Reliving thousands of those waiting in queues at fuel stations around the country and those hit by 13-hour-long power cuts, 40,000 MT of diesel under the Indian Line of Credit of $500 million arrived at the Colombo harbour on Saturday.

8The US on Thursday pushed India hard on Russia sanctions and alternative payment mechanism for transactions with Moscow but New Delhi stood firm on its strategic autonomy including its conduct of foreign policy.

8State-owned Oil and Natural Gas Corporation (ONGC) is likely to see a $3 billion (about Rs 23,000 crore) rise in its annual earnings from the more than doubling of the price of natural gas it produces, while Reliance Industries may get $1.5 billion (Rs 11,500 crore) more in revenue, a report has said.

The PNGRB is now on an a very active mode after a long period of hibernation.
8A series of important decisions are coming up ahead

Phosphoric acid Expansion Project
8Cost: 130 Crore
8Project Event: 50 % of construction work has been completed, the installation of dryer unit is ongoing. The commissioning is likely to be completed in December 2022.
Phosphoric acid Expansion Project
8Cost:  500 Crore
8Project Event: The construction is likely to be started in Q1 FY 2022-2023 in place of December 2022 due to delay in procurement. The company has awarded a contract to ThyssenKrupp Industrial Solutions for the expansion of its phosphoric acid plant in Paradeep, Odisha. The plant is based on the di-hydrate technology from Prayon Technologies of Belgium. ThyssenKrupp Industrial Solutions will provide engineering and technical procurement services

8A tender inviting MOP supply has come up

8One Sulphur Shipment is coming up on 7th of April 2022
8One Sulphuric Acid Shipment will reach on 8th of April 2022
8One Rock Phosphate Shipment will reach on 10th of April 2022

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High benzene prices were recorded in Ahmedabad today.

An increase in octanol prices has been noted in Kandla today.

NBA prices have been revised at Hazira.

MEG prices witnessed a huge fall in the Mumbai port today.

DEG prices have been revised at Hazira.

ABS prices have been reported to be unchanged for South Korea, FE Asia, South East Asia, India and NW Europe due to steady demand patterns in the region.

On April 04, 2022, Naphtha prices were registered to drift down in NW Europe owing to sluggish demand trends in the region.

On April 4 2022, Butadiene (BD) prices were reported to be steady in South Korea, South East Asia, Rotterdam due to stable demand patterns in the respective countries.

EPDM grade 330 prices in the Ahmedabad market registered a sh fall today.

Petrochem market sources reported a rise in Mumbai EPDM grade 3072 prices today.