SABIC anticipates a gradual petrochemical market recovery linked to urea and project growth, despite a 10% Q3 price decline, while planning a 54% expansion in urea production capacity.
The Indian rupee is expected to rise as Brent crude oil prices drop to $86.50 per barrel, offering relief against persistent currency pressure. Geopolitical tensions in the Strait of Hormuz are influe
The Indian rupee reached a one-month high against the dollar, driven by a 5.2% drop in Brent crude oil prices. Traders expect the upcoming RBI policy decision to have limited impact compared to oil pr
South Korean refiner S-Oil reported a Q2 net profit of $360 million, driven by strong refining margins and record lubricant earnings offsetting petrochemical losses. The company also advanced its Shah
S-Oil forecasts firm third-quarter refining margins supported by summer demand and global export restrictions amid low oil inventories. The refiner cited geopolitical disruptions causing supply tightn
Occidental Petroleum reported a 38.4% surge in Q2 realized oil prices to $96.78 per barrel, driven by Middle East conflict disruptions. Benchmark Brent crude rose 23% amid heightened geopolitical risk
The Indian rupee faces depreciation driven by surging U.S. Treasury yields and high oil prices, with Brent crude reaching $111.34 per barrel amid Middle East tensions. RBI interventions aim to mitigat
S-Oil forecasts healthy Q2 refining margins despite high product prices, though Q1 profits were impacted by South Korea's fuel price cap system. Analysts cite ongoing uncertainty from crude supply dis
The Indian rupee weakened against the dollar amid rising oil prices near $109 per barrel and geopolitical tensions disrupting Strait of Hormuz flows. Traders cite heavy dollar buying by oil refiners a
CPC raised crude oil exports by 48% in March to 1.58 million barrels per day following the recovery of Kazakhstan's Tengiz oilfield. This increase occurs despite prior operational disruptions from Ukr
S-Oil plans to commence operations at its new Ulsan naphtha cracker by late September 2026. The facility will have an annual ethylene production capacity of 1.8 million metric tons.
S-Oil has signed a $3.7 billion contract to supply polyethylene (PE) to Sabic, with the agreement extending through December 2030.
S-Oil reported narrowed petrochemical losses and a positive outlook for aromatics in Q1, while the PP market softened in Q4 due to increased supply from plant turnarounds and inspections.
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