PhosAgro warned against expecting a retreat in phosphate values to gain legs, flagging support to values from Chinese capacity cuts, but acknowledged the dent to prospects for price rise from output increases elsewhere. SEE MORE The Asian petrochemical market will be closely watching crude oil movements this week after prices fell by varying degrees last week, when crude futures slumped in response to Thursday's OPEC meeting in Vienna. SEE MORE Russia and Saudi Arabia praised their growing partnership in oil markets and dialogue on Syria on Tuesday, in a formidable departure from past hostilities between top global producers and major players in the Middle East. SEE MORE Oil prices fell on Tuesday on concerns that output cuts by the world's big exporters may not be enough to drain a global glut that has depressed the market for almost three years. SEE MORE The Ministry of Finance wants to increase environmental protection tax on petrol and oil to ensure sufficient budget collection, as the country has to cut import taxes to fulfil international commitments. SEE MORE