Updated Apr 08, 2021 | 09:31 IST
Repeated output cuts by Saudi Arabia have placed upward pressure on domestic prices of fuel as a result of rising crude prices. Representational image. | Photo Credit: PTI
Key Highlights
Saudi Arabia s national oil producer, Saudi Aramco decided to increase the price of oil shipments to Asia by between 20 to 25 cents per barrel, thereby raising the total cost of light crude for its key Asian customers to about $1.8 above its benchmark price
According to the latest reports, Indian refiners have placed orders to purchase 9.5 million barrels of Saudi oil in May, down from the previously planned 10.8 million barrels
RBI Monetary Policy Report: India s exports in expansionary zone from December 2020 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Saudi Arabia Out Of Top Three Oil Suppliers To India In February
Apr 05 2021, 3:06 PM
April 05 2021, 12:19 PM
April 05 2021, 3:06 PM
Saudi Arabia now doesnât rank among Indiaâs top three oil suppliers as the nation imported more from the U.S. when the OPEC+ cartel retained lower output even as prices have surged.India imported 1.8 million metric tonnes of oil from the Gulf kingdom in February, according to data released by the Directorate General of Commercial Intelligence and Statistics. It ranks behind Iraq, the U.A.E., the U.S. and Nigeria.Indian basket of oil .
Saudi Arabia now doesnât rank among Indiaâs top three oil suppliers as the nation imported more from the U.S. when the OPEC+ cartel retained lower output even as prices have surged.
Global Sulfuric Acid Market is estimated to account for 326.65 Mn Tons by end of 2027, Says Coherent Market Insights (CMI)
March 16, 2021 09:00 ET | Source: CMI CMI Pune, INDIA
SEATTLE, March 16, 2021 (GLOBE NEWSWIRE) Sulfuric acid is a colorless oily liquid. It is used in production of dyestuffs, explosives, fertilizers, and other chemicals. It is also used in ore processing, paper manufacturing, petroleum refining, battery manufacturing, printing and jewelry making, and leather industries.
The global
326.65 Mn tons in terms of volume by the end of 2027, witnessing CAGR of 2.3% during the forecast period (2020-2027).
Market Drivers:
Increasing demand for paper is expected to propel growth of the global sulfuric acid market over the forecast period. For instance, according to Directorate General of Commercial Intelligence & Statistics, imports of paper in India (excluding newsprint) increased by around 30 per cent in vol
Tight global supplies to continue driving India’s maize exports till May
Maize (corn) exports from India are expected to go on till May with global supplies projected to be tight this year and demand continuing from Malaysia and Vietnam.
The Food and Agriculture Organization (FAO), a UN arm, and the US Department of Agriculture have both projected that the ending stocks this marketing season (July 2020-June 2021) would be lower compared with last year. Both agencies have, however, raised the ending stocks in their reports this month on higher production estimates.
The FAO’s Agricultural Marketing Information System (AMIS), in its report for this month, said maize ending stocks will be 275.7 million tonnes (mt) against 301.7 mt. The ending stocks size for this season has been raised by two mt from last year.