Asia/Pacific
Oil rebounds on fading risk of U.S. debt default
Oil prices rebounded from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default.
Ma’aden exports blue ammonia to China’s Shenghong Petrochemicals
Saudi Arabian Mining Company (Ma’aden), announces that it has exported its first shipments of low-carbon blue ammonia to China, in a significant milestone for the company’s journey as a green leader, as it helps key markets across the globe to reduce carbon emissions from supply chains.
China's Sinopec agrees terms for potential Kazakhstan polyethylene investment
China's Sinopec and Kazakh state-owned oil and gas company KazMunayGaz have agreed key terms for a potential investment in a polyethylene plant in Kazakhstan's western Atyrau region.
Shell reports 'operational upset' at unit in Singapore complex
A unit at Shell's Pulau Bukom refinery and petrochemical complex in Singapore experienced an "operational upset".
India plans to fill Mangalore SPR with 5.5 MM barrels of oil after Oct
India plans to import about 5.5 million barrels of crude oil after October to fill part of its Mangalore strategic petroleum reserve in southern Karnataka state and may change the crude grade at another facility.
India's Russian oil buying hits record high, slashes Mideast, Africa share
India's oil imports from Russia rose to a fresh record high in April, further reducing the share of Middle Eastern and African grades to their lowest level in at least 22 years.
bp targets farms and feedstock as biofuel race gathers pace
bp is considering buying stakes in biofuel feedstock producers and investing directly in farming ventures to secure supplies as the global race for the low-carbon fuel gathers pace.
Reliance courts Indian diesel market with cheaper supply
India's Reliance Industries Ltd has turned its sights on the domestic market, offering a high-performance diesel at a lower price than fuel sold by state-owned retailers, the operator of the world's biggest refining complex said.
Samsung Engineering and OMV sign MoU to jointly develop sustainable projects based on modularization
Samsung Engineering and OMV announced the signing of an MoU to cooperate on projects from the early development stage.
Singapore April bunker sales hit three-month high on better prices
Sales of marine fuel, also known as bunker fuel, hit three-month highs in the world's biggest refueling hub Singapore in April as prices were more competitive than regional ports.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
