Asia/Pacific
Japan's Idemitsu, Showa Shell to combine crude loading programs
TOKYO (Reuters) — Japanese oil refiners Idemitsu Kosan and Showa Shell Sekiyu have started work to integrate the so-called loading programs through which they purchase crude, Idemitsu's CEO said.
China says will limit oil, refined product exports to N.Korea
BEIJING (Reuters) — China's Commerce Ministry said on Friday it will limit exports of crude oil, refined oil products, steel and other metals to North Korea, in line with tough new sanctions imposed by the United Nations for Pyongyang's missile tests.
Singapore fuel oil stocks drop despite shrinking exports
SINGAPORE (Reuters) — Singapore weekly onshore fuel oil inventories fell 10%, or 2.462 MMbbl (about 367 Mt), to a two-week low of 22.728 MMbbl (3.392 MMt) in the week ended Jan. 3, data from International Enterprise (IE) Singapore showed on Thursday.
Indonesia to extend biodiesel subsidy to mining sector
JAKARTA (Reuters) — Indonesia’s government plans to expand biodiesel subsidies to cover consumption of palm oil-blended fuels by the mining sector this year as part of ambitious plans to develop the energy source, an energy ministry official said on Thursday.
Taiwan's Formosa petchem plans to run Mailiao refinery near full capacity
SINGAPORE (Reuters) — Taiwan’s Formosa Petrochemical Corp plans to run its 540 Mbpd Mailiao refinery at near full capacity in January and February before cutting runs in March due to scheduled maintenance, its spokesman said on Thursday.
Taiwan releases man on bail in suspected North Korean oil transfer
TAIPEI (Reuters) — A court in Taiwan has released on bail a man prosecutors allege to have made false declarations in the case of a Hong Kong-flagged tanker suspected of transferring oil to North Korea in violation of international sanctions.
Oil hits new two-and-a-half year highs as higher output looms
SINGAPORE/LONDON (Reuters) — Oil prices rose on Wednesday to new two-and-a-half year highs as robust output in the United States and Russia balanced tensions from a sixth day of unrest in OPEC member Iran.
Curacao nixes refinery operation deal with China firm
(Reuters) — The government of Curacao has scrapped a preliminary agreement with China’s Guangdong Zhenrong Energy (GZE) to operate the island's aging Isla refinery, saying the company misrepresented itself and was unable to take on such a large endeavor.
S.Korea Dec exports climb for 14th month, wrap up record 2017
SEOUL (Reuters) — Soaring global demand for memory chips and petrochemicals helped South Korea's exports surge 8.9% in December, lifting its 2017 shipments to the highest on record in value terms.
Oil trades near strongest levels since mid-2015 on Iranian unrest
SINGAPORE/LONDON (Reuters) — Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
