Oil up, but Covid-19 fuelled fuel demand worries cap gains
Oil was up on Monday morning in Asia, as Libyan tightened supplies ahead of an Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting. Concerns about falling fuel demand as COVID-19 continues to spread also capped gains for the …
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Oil Prices Slip After China Cuts Import Quotas
Oil prices eased on Thursday after the world’s top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand had held up despite soaring Omicron coronavirus infections. Brent crude …
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Oil marketing companies make higher margins as crude falls
It is supposedly market-driven pricing, but over the last around nine weeks, state-run oil marketing companies (OMCs) haven’t let the decline in crude oil prices benefit consumers. Instead, these firms have just made higher margins on the sales of auto …
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OMNIPOTENT INDUSTRIES PRODUCT SERIES: PART 2: BASE OIL
With a focus on new ideas & innovations in the Bitumen Industry, Omnipotent Industries Ltd. was established in Mumbai in 2016 to carry on the existing bitumen business of Global Enterprises & it’s Organization. The group has a vast experience & expertise …
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CONSOLIDATION LOOMS IN PVC PIPES SECTOR AS SMES FEEL THE PINCH OF HIGH INPUT COST, QUALITY NORMS
With the input cost inflation threatening the survival of thousands of unorganized sector players, India’s polyvinyl chloride (PVC) pipes sector is on the brink of consolidation. The government’s mandatory BIS (Bureau of Indian Standard) quality norms have further worsened the …
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