Haldia Petrochemicals (HPL) is sourcing naphtha from Oman after a supply shortfall from Kuwait and Qatar tied to the Middle East conflict. Shipping data and an industry source indicate HPL is rerouting imports to keep production steady, with Oman loading ports positioned just outside the conflict zone and better suited to current logistics disruptions.
JPMorgan says April’s oil demand slump is a forced loss driven by supply disruptions rather than high prices. Supply problems surged in March and April, spare production capacity couldn’t be tapped, and global inventories fell sharply. The steepest demand drops hit the Middle East, Asia, and Africa, with petrochemicals and aviation hit hardest.
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India is increasing petrochemical feedstock supplies to pharmaceutical manufacturers to protect essential medicine availability amid West Asia supply-chain disruptions. Refiners are now pushing key inputs such as propylene, ammonia and methanol, while customs duties have been reduced to lower landed costs. As a result, domestic drug prices are holding steady.
Prime Minister Narendra Modi will visit Rajasthan this Tuesday to inaugurate India’s first greenfield integrated refinery-cum-petrochemical complex at Pachpadra. The project is expected to mark a major shift in how the country processes fuels and petrochemicals, aiming to boost industrial capacity and deepen energy-linked manufacturing in the state.
A conflict in Iran is rattling petrochemical supply chains, sending prices upward and driving up energy and input costs. As expenses rise, small businesses face the greatest pressure, with job and livelihood risks growing. The knock-on effect is expected to reach consumers through higher prices, as cost pressures are forecast to persist.
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