Asia/Pacific
US crude ends year above $60 on strong global oil demand
CALGARY, Alberta (Reuters) — US oil prices closed above $60/bbl on the final trading day of the year, the first time since mid-2015, as the commodity ended 2017 with a 12% gain spurred by strong demand and declining global inventories.
Glencore sells parts of oil storage to China's HNA, awaits US clearance
HONG KONG (Reuters) — Swiss-based trading and mining giant Glencore Plc has partly completed the sale of a 51% stake in its storage and logistics businesses to a unit of China’s HNA Group, although transfer of some assets is pending US clearance.
After Trump criticism, China denies selling oil illicitly to N.Korea
BEIJING/WASHINGTON (Reuters) — China on Friday denied reports it has been illicitly selling oil products to North Korea after US President Donald Trump said he was not happy that China had allowed oil to reach the isolated nation.
Oil prices stay near high on strong US refinery runs, China data
NEW YORK (Reuters) — Oil prices edged up on Thursday, remaining near 2-1/2-year highs after data showed strong demand for crude imports in China and on increased US refining activity that drew more crude from inventories.
China raises 1st batch of 2018 oil product export quotas by 30%
SINGAPORE (Reuters) — China raised refined products export quotas to its four state oil majors by 30 percent in the first batch of allowances for 2018, a document reviewed by Reuters showed on Thursday.
Asia's monthly Iran oil imports skid to lowest in Nov since Apr 2016
TOKYO (Reuters) — Imports of Iranian crude oil by major buyers in Asia tumbled 29% in November from the same month a year ago to the lowest volumes since April 2016, government and ship-tracking data showed.
Hanwa and Integr8 Fuels added to Platts' Asia bunker MOC process
SINGAPORE (Reuters) — S&P Global Platts added Hanwa Singapore Pte Ltd and Integr8 Fuels Inc last week to its Asia Market On Close (MOC) assessment process for Singapore physical bunkers, the company said in a note seen on Wednesday.
LG Chem to invest $278 MM to increase acrylic acid, super absorbent polymer output
SEOUL (Reuters) — LG Chem Ltd, South Korea’s largest chemical company, said on Tuesday it will spend $278.32 MM on expanding its acrylic acid and superabsorbent polymer production capacity by the first half of 2019.
Sinopec to expand NPG capacity at Yangzi refinery
BEIJING (Reuters) — Sinopec to double capacity of the Neopentylglycol (NPG) production line at its Yangzi refinery from 40,000 tpy to 80,000 tpy, the company said on Monday.
India's Reliance aims to become big clean energy provider
MUMBAI (Reuters) — India’s Reliance Industries Ltd will become a major provider of clean energy in the country, Chairman Mukesh Ambani said, as the South Asian nation transitions to renewable energy sources from fossil fuels.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
