Asia/Pacific
South Korea enforces naphtha export ban amid Middle East supply disruptions
The move requires refiners to divert export volumes to the local market and give the government powers to order production and allocation of naphtha, a key petrochemical feedstock used in chips, autos, plastics and everyday goods.
Philippines launches $333-MM fund to boost fuel security
Under the program, the government plans to buy up to 2 MMbbl of fuel to support domestic supply and purchase refined petroleum products and liquefied petroleum gas.
Vietnam's Nghi Son refinery has crude oil for uninterrupted operations until end of May
The refinery is 35.1% owned by Japan's Idemitsu Kosan Co, 35.1% by Kuwait Petroleum, 25.1% by Vietnam's state oil firm Petrovietnam and 4.7% by Mitsui Chemicals Inc.
Delta Air Lines' refinery bet looks more valuable in jet fuel squeeze
Most carriers buy jet fuel from suppliers. Delta instead bought a refinery that processes crude oil into jet fuel and other products.
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.
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