Asia/Pacific
Premiums for Russian ESPO Blend oil weaken on poor Chinese refining margins
China and India represent the two biggest markets for Moscow, and the price moves are capping its revenues.
ADNOC signs two strategic collaboration agreements with Indian partners
The agreements build on ADNOC’s expanding partnerships with Indian companies across crude, LNG and LPG supply, as well as energy storage opportunities, supporting India’s growing energy demand and long-term economic growth.
Vietnam state oil company urges U.S. Navy to allow tanker through blockade
The U.S. military has expanded its shipping blockade on Iran to include cargoes deemed contraband, although it has said other oil exports from the Gulf are free to sail through.
To make up for shortfall, India's HPL turns to Oman naphtha
Medium-range tanker Rarity loaded about 23,000 metric tons (201,000 bbl) of naphtha for HPL late-March and discharged at the Haldia terminal on April 13.
Japan refinery runs climb to over 70% on alternative supply, stockpile releases
From March 16, the government has also made available oil from its stockpiles equal to about 75 days' worth of consumption to soften the blow from the supply shortage due to the largely closed Strait of Hormuz. This is Japan's biggest oil release ever.
- Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy 5/18
- OXEA and Air Liquide renew syngas and hydrogen supply agreement for Oberhausen site 5/18
- Commonwealth LNG gets green light to start construction of $13-B, 9.5-MMtpy LNG terminal 5/15
- ARENA to drive Australia's $1.1-B Cleaner Fuels Program 5/15
- Japan’s first green ammonia plant based on KBR’s K-GreeN process now fully operational 5/15
- Repsol's Chairman asserts the role of refining as a strategic industry for Spain and for Europe 5/15
