Asia/Pacific
Saudi Aramco to supply full crude contract volumes to Asia, offers more light oil
SINGAPORE/TOKYO (Reuters) -- The world's top oil exporter Saudi Arabia has stepped up sales of light oil to Asia by offering buyers more cargoes on top of the full contract volumes it will provide for May, industry sources with knowledge of the matter said on Wednesday.
Indian state refiners to revise fuel price in 5 cities daily from May 1
NEW DELHI (Reuters) -- India's state-owned fuel retailers plan to implement daily revision of fuel price in five cities from May 1 ahead of a nationwide roll out of the scheme, industry sources said.
First oil tanker for Myanmar-China pipeline starts offloading
BEIJING (Reuters) -- First oil tanker carrying 140,000 t of crude oil started discharging on Monday for delivery into a 480 mi Myanmar oil pipeline, China's state news agency Xinhua reported.
Diversify or die: China's independent oil refiners adapt to new challenges
BEIJING (Reuters) -- Cut off from lucrative fuel export markets and seeing their margins squeezed by new taxes, China's independent oil refiners are branching out into new sectors from clean energy and lumber as well as expanding their trading to overcome the challenges.
Hyundai Oilbank buys 2nd US Southern Green Canyon crude for June
SEOUL (Reuters) -- Hyundai Oilbank, South Korea's smallest refiner by capacity, will receive its second cargo of US Southern Green Canyon crude in June, a company spokesman said on Monday.
Asia naphtha demand fades as petchem firms snap up LPG
SINGAPORE (Reuters) -- Asian petrochemical makers are ramping up purchases of liquefied petroleum gas (LPG) to use as an alternative feedstock to naphtha, looking to snap up cheap cargoes as heating demand for LPG fades in the wake of winter.
China, Myanmar reach agreement on oil pipeline
BEIJING (Reuters) -- China and Myanmar have reached an agreement on an oil pipeline between the neighboring countries and the project will open "very quickly," China's vice foreign minister Liu Zhenmin said on Monday.
China state refiners given 1.3 MMt of general trade fuel quotas
BEIJING (Reuters) -- China's state oil refiners have been granted a combined 1.315 MMt of quotas to export refined fuel under so-called general trade terms, three sources familiar with the matter said on Monday.
India's oil imports from Iran top 500 Mbpd in 2016–2017
NEW DELHI (Reuters) -- India's Iran oil imports jumped to a record high in 2016–2017 topping 500 Mbpd as refiners boosted purchases after lifting of some Western sanctions against Tehran last year.
Sinopec exports first diesel cargo under general trade terms in 13 yr
BEIJING (Reuters) -- Top Asian refiner Sinopec Crop exported its first refined fuel cargo under so-called general trade terms in 13 yr, the company said on Friday, as China's state-owned refiners adapt to tighter government export quotas.
- 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
