Asia/Pacific
Oil slips on OPEC deal uncertainty and rising US inventories
LONDON (Reuters) — Oil prices slipped on Wednesday as doubts set in about Russia's willingness to substantially extend a deal among some of the world's biggest exporters to curb output to help tackle global oversupply and support prices.
US ethanol makers call on Mexico, India to reduce biofuel glut
CHICAGO (Reuters) — US ethanol producers, looking to relieve a growing domestic glut, are hunting for new international fuel markets to replace China and Brazil after trade disputes slashed exports to those top buyers.
China state companies reach for new markets as 2017 diesel exports surge
SINGAPORE (Reuters) — Chinese state companies are shipping diesel to new buyers in the Middle East and Latin America as exports of the fuel head towards a record, and independent refiners could help raise the outbound sales even higher next year, multiple sources said.
Grace licenses polypropylene process technology to KIPIC, Sinochem
COLUMBIA, MD. — W. R. Grace & Co., a supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has contracted to license its UNIPOL PP process technology to Kuwait Integrated Petroleum Industries Company (KIPIC) for the integrated petrochemical complex at its Al-Zour refinery and Sinochem Quanzhou Petrochemical Co., Ltd. for a 1-MMtpy ethylene cracker and refinery expansion project at its facility in Quanzhou, Fujian province, China.
TOYO awarded naphtha cracking furnace expansion project in Japan
Toyo Engineering Corporation (TOYO) was awarded a project to construct a naphtha cracking furnace of Tosoh Corporation for producing ethylene at its Yokkaichi Complex in October. TOYO had participated in this construction project from an early stage.
Thai Oil's refinery to produce only clean fuels from 2022
SINGAPORE/BANGKOK (Reuters) — Thailand’s largest refiner Thai Oil PCL will stop producing fuel oil from 2022 once it completes a $4-B upgrade that will boost output of clean fuels, officials said.
China independent refiners group applied for 2018 fuel export quotas
SHANGHAI (Reuters) — A newly formed group of China's independent oil refiners filed an application with the country's Ministry of Commerce on Wednesday for fuel export quotas next year, a source with one of the group's member companies said on Thursday.
China diesel in rare rally as smog war, tax fears stir supply worries
BEIJING (Reuters) — A rally in China's diesel prices has pushed the fuel to a rare premium over gasoline as dealers scramble to scoop up supplies amid fears of shortages due to Beijing's war on smog and possible tax changes.
Iran pushes to retain Asia oil buyers as possible US sanctions loom
SINGAPORE (Reuters) — Iran is pushing to retain customers for its oil in Asia, hoping that price reductions will boost the appeal of its crude compared with other Middle Eastern supply even as the potential threat of further US sanctions on the country looms.
Indian Oil Corp studies renewed Venezuelan crude purchases
NEW DELHI (Reuters) — Indian Oil Corp is considering buying Venezuelan crude for the first time in at least 6 yr, in a move that could help the crisis-struck South American nation settle unpaid bills with another state-owned Indian energy firm.
- 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
