Asia/Pacific
China's refined fuel demand in H2 2023 to rise 10% year-to-year
China's apparent refined fuel demand is expected to increase by 10% year-on-year in the second half of 2023.
Singapore's middle distillates stocks fall 7.5% on robust jet fuel outflow
Middle distillates stocks held at key storage hub Singapore slipped by 7.5% week on week as robust jet fuel outflows outweighed a surge in gasoil total imports from regional sellers.
India's Russian oil imports fall to 7-month low, Saudi jumps - trade flows
India's imports of Russian oil fell in August to a seven-month low as refiners curbed purchases due to planned maintenance outages at some plants and lower discounts for Russian grades.
Japan gasoline prices hit record high
Japan's nationwide average retail price of regular gasoline rose by 1.9 yen to a record high 185.6 yen ($1.27) per liter over the week to Aug. 28, marking the 15th consecutive weekly increase.
China diesel exports seen rising to over 1 MMt in September
Chinese refiners are poised to boost diesel exports in September to more than 1 MMt, drawn by lucrative margins from selling overseas and as they expect to receive more export quotas from Beijing.
Indonesia's Pertamina plans more biofuel products, ethanol imports in 2024
Indonesian state energy company Pertamina plans in 2024 to mix more of its gasoline products with ethanol in a bid to offer alternative fuels to the public.
PetroChina reports record interim net profit on refining surge
State-owned energy giant PetroChina reported a record-high net profit for the first half of the year, driven by increased oil and gas output and resurgent refined fuel sales.
Japan considering extending gasoline subsidies to year-end
Japan's government is considering extending until year-end fuel subsidies to keep gasoline prices below 180 yen a liter, while working on a supplementary budget to finance broader measures.
China's Sinopec plans steady refinery output on fuel recovery
Chinese refining giant Sinopec Corp plans to maintain steady refinery output during the second half of 2023 as domestic fuel demand recovers, after reporting a 20% decline in interim profit because of lower crude oil prices.
Sinopec not interested in acquiring Shell's Singapore assets
Asia's top refiner, Sinopec Corp, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia.
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