Home / Knowledge / News / Textiles / Crude oil & naphtha prices slip between April 1 & 15
Crude oil & naphtha prices slip between April 1 & 15
21
Apr '12
In the fortnight beginning April 1, selling offers for crude oil and naphtha declined.

In the beginning of the first half of the fortnight, Asian crude oil price opened with a pressure, as energy market was weak, due to improved supply from Indonesian market.

Traders did try to understand the impact of sanctions on Iranian crude oil exports. During the second half of the fortnight, price of crude oil remained soft.

The fall in crude oil prices was also due to Iran's agreement to resume talks on its nuclear program.

In the same fortnight, naphtha prices posted losses due to poor energy market trend.

In the first week of the fortnight, naphtha price was range bound in Asian market. In the second week, demand for naphtha continued to remain poor.

In Asian and European market, demand was poor while arbitrage between Europe and U.S.A remained poor too.

In Asian market, naphtha prices received support from the energy market, while in European market it was supported by firm downstream demand.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search