Asia/Pacific
Asia 10-ppm sulfur diesel margin hits record high
Refinery runs across northeast Asia have been curtailed due to tighter crude supply after the Middle East conflict broke out, in turn limiting spot diesel volumes available for sale.
South Korea enforces naphtha export ban amid Middle East supply disruptions
The move requires refiners to divert export volumes to the local market and give the government powers to order production and allocation of naphtha, a key petrochemical feedstock used in chips, autos, plastics and everyday goods.
Philippines launches $333-MM fund to boost fuel security
Under the program, the government plans to buy up to 2 MMbbl of fuel to support domestic supply and purchase refined petroleum products and liquefied petroleum gas.
Vietnam's Nghi Son refinery has crude oil for uninterrupted operations until end of May
The refinery is 35.1% owned by Japan's Idemitsu Kosan Co, 35.1% by Kuwait Petroleum, 25.1% by Vietnam's state oil firm Petrovietnam and 4.7% by Mitsui Chemicals Inc.
Delta Air Lines' refinery bet looks more valuable in jet fuel squeeze
Most carriers buy jet fuel from suppliers. Delta instead bought a refinery that processes crude oil into jet fuel and other products.
Philippine Airlines says jet fuel supplies secure despite Middle East conflict
In an interview with CNBC on Wednesday, Richard Nuttall, President of Philippine Airlines, said the flag carrier has enough jet fuel supply for the next couple of months, with domestic fuel shipments secured to keep PAL operating until the end of June.
India's Reliance buys 5 MMbbl of Iranian oil after U.S. waiver
Iranian oil, which in recent years has mainly been bought by Chinese independent refiners, is often rebranded as originating from another country.
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- 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
