Asia/Pacific
Mauritius turns to Saudi fuel cargoes after court bans Indian supplies
PORT LOUIS/NEW DELHI (Reuters) — The island-nation of Mauritius has started buying fuel from Saudi Arabia’s state-owned oil company Saudi Aramco after a court ordered a ban on Indian fuel supplies because of a dispute between the country and a shipping firm.
Sinopec's Jinling plant ships first bitumen cargo to Hawaii
BEIJING (Reuters) — Sinopec Corp’s Jinling refinery in eastern China shipped a cargo of bitumen, a heavy oil product used mainly in road paving, to the state of Hawaii for the first time, according to a report on Friday on the website of the State-owned Assets Supervision and Administration Commission (SASAC).
China's Nov crude imports rise to 2nd highest on record
BEIJING (Reuters) — China’s natural gas imports in November rose to a record as domestic demand surged while crude imports were the second-highest ever, as refiners ramped up output to cash in on strong profits as fuel prices soar, customs data showed on Friday.
Vietnam signs crude oil supply deals with SOCAR, Glencore
HANOI (Reuters) — Vietnam's state-run Binh Son Refining and Petrochemical Co (BSR) and state oil marketer PV Oil have signed non-binding term agreements with two western trading companies to buy crude, BSR officials said on Friday.
South Korean refiners conclude 2018 gasoil, jet fuel term contracts
SINGAPORE (Reuters) — South Korean refiners Hyundai Oilbank and GS Caltex have concluded their 2018 term contracts to sell gasoil and jet fuel, traders said on Thursday.
Re-emerging supply, lower demand push down oil refining margins
SINGAPORE (Reuters) — Profits on refining fuel oil have been hammered to multi-month lows over the past two weeks on emerging signs of growing supply and faltering demand, retreating from stubbornly elevated levels at the start of the quarter.
SABIC looking at investing in US gas
(Reuters) — Petrochemicals company Saudi Basic Industries Corp (SABIC) is considering several possible investments in the United States, while state oil giant Saudi Aramco is looking at gas prospects abroad, Saudi energy minister said on Wednesday.
BP to build third lubricants blending plant in China
(Reuters) — BP said on Wednesday it plans to build its third plant for blending lubricants in China for about $227 MM as it looks to meet the country’s rapidly growing demand.
US confirms duties on Argentine, Indonesian biofuel
CHICAGO (Reuters) — The US International Trade Commission (ITC) on Tuesday made a final finding that biodiesel imports from Argentina and Indonesia harm US producers, ensuring that anti-dumping and anti-subsidy duties remain in effect for at least 5 yr.
Indian refiners turn to use dirty fuel to produce power, gas
NEW DELHI/MUMBAI (Reuters) — Indian oil refiners are drawing up plans to use petroleum coke for power generation and to produce syngas after the government banned use of the heavily polluting fuel in and around New Delhi.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
