Asia/Pacific
How will China's clampdown on mislabeled cargoes affect sanctioned oil?
Chinese customs authorities are stepping up inspection checks on cargoes of heavy crude oil after uncovering several Iranian shipments that were mislabeled as diluted bitumen in an effort to bypass import quotas.
Oil prices jump but still on track for third weekly fall
Oil prices jumped but were set for a third straight week of losses after sharp declines earlier in the week on fears about interest rate hikes, U.S. banking sector problems and slowing Chinese demand.
SK Innovation sees 'solid' Q2 refining margin on China's reopening
SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said it expects a "solid" refining margin in the second quarter, backed by China's reopening and the summer driving season.
Asia's crude oil imports slip in April amid softer purchases by China and India
The strong start to the year for Asia's imports of crude oil came to a halt in April, with arrivals dropping to a seven-month low as top buyers China and India trimmed purchases.
Indian Oil to recoup most dues for jet fuel sales from Go First through bank guarantees
Indian Oil Corp will recoup $61.14 MM of jet fuel sales to cash-strapped Go First by cashing in bank guarantees and is optimistic it will recover a further $6.11 MM for unsecured sales made in the past few month.
Phillips 66 beats profit estimates as refining margins soar
U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit, joining rivals in gaining from elevated margins on sustained fuel demand amid tight crude supplies.
Oerlikon orders fall as soft China demand hits polymers
Swiss industrial group OC Oerlikon said its orders fell nearly 14% in the first quarter, as weak filament demand in China led to postponements at its polymer business.
Jet Aviation partners with FlyORO to bring blended sustainable aviation fuel to Singapore
Jet Aviation announced that it has partnered with FlyORO to offer custom blends of SAF at its Singapore Fixed Base Operation at Seletar Airport.
India cuts windfall tax on petroleum crude
India has cut the windfall tax on petroleum crude to ₹4,100 per ton from ₹6,400 per ton.
From crude oil to light olefins: Development and industrial application of the next-generation catalyst for catalytic pyrolysis process
Light olefins, particularly ethylene and propylene, are the most crucial building blocks for the petrochemical industry.
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