Asia/Pacific
Philippine Airlines says jet fuel supplies secure despite Middle East conflict
In an interview with CNBC on Wednesday, Richard Nuttall, President of Philippine Airlines, said the flag carrier has enough jet fuel supply for the next couple of months, with domestic fuel shipments secured to keep PAL operating until the end of June.
India's Reliance buys 5 MMbbl of Iranian oil after U.S. waiver
Iranian oil, which in recent years has mainly been bought by Chinese independent refiners, is often rebranded as originating from another country.
Refiners in India, elsewhere in Asia look to buy Iranian oil after U.S. waives sanctions
The Trump administration on Friday issued a 30-day sanctions waiver for the purchase of Iranian oil already at sea, U.S. Treasury Secretary Scott Bessent said.
China's Sinopec will not buy Iranian oil, wants to tap state reserves
The world's largest refiner usually sources roughly half of its crude oil needs from the Middle East, making it particularly exposed to the near-closure of the Strait of Hormuz amid the U.S.-Israeli war on Iran.
The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel
The Shipping Corporation of India Ltd. has signed a Shipbuilding contract at New Delhi with Mazagon Dock Shipbuilders Ltd for construction and delivery of one number methanol dual fuel platform supply vessel (PSV).
Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices
Fuel prices in Vietnam have surged since the U.S.-Israel war on Iran began three weeks ago, with gasoline prices up 50% and diesel prices rising 70%,
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
