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For every 10% increase in crude prices, WPI in India increases by 0.9% - 1%: S&P Global Platts

For every 10 per cent increase in crude oil prices, the wholesale price index in India increases by 0.9 per cent - 1 per cent and the consumer price index by 0.4 per cent - 0.6 per cent.

After a string of weekly bullish draws from US natural gas storage inventories this year, analysts expect a pull roughly less than half of last year’s withdrawal for the week ended Feb. 18. Henry Hub futures, meanwhile, are strengthening as the summer strip inches above $4.50/MMBtu. The US Energy Information Administration is expected to report ...

The UK remains the highest priced region globally for low-carbon hydrogen production despite sharp drops in January, S&P Global Platts’ new interactive Hydrogen Price Wall infographic showed Feb. 21. S&P Global Platts Hydrogen Price Wall UK electrolysis production prices averaged around $20/kg in January, more than seven times the cheapest locations in Western Australia and ...

Oil’s climb towards $100/b may prompt Indian refiners to diversify their crude import basket as fears grow that a Russia-Ukraine conflict could disrupt flows and squeeze supplies in a market that is already feeling the pinch due to lower availability, the head of the Federation of Indian Petroleum Industry told S&P Global Platts. As geopolitical ...