Asia/Pacific
India flags potential for investments of $500 B in its energy sector
Russia hunts for new naphtha markets as key buyers pull back
Buyers have become more cautious after Washington imposed sanctions on top Russian oil producers, forcing sellers to hold naphtha on ships or in storage abroad from where it can be re-exported, often with the destination obscured.
Indian Oil to raise diesel exports with refining capacity boost
IOC is raising its annual refining capacity to 98 MMtpy in a year and a half from 80 MMtpy currently.
Envision's AI-powered green ammonia and H2 breakthrough named global benchmark by WEF
The report recognizes the Chifeng project as a transformative model for the global energy transition, highlighting Envision's AI-driven Power System as the catalyst for turning intermittent renewable energy into a stable, "green petroleum" equivalent.
India shifts diesel exports to West Africa as EU bans Russian crude-derived fuel
The developments highlight that the EU policy, aimed at punishing Russia over its 2022 full-scale invasion of Ukraine, is prompting a further reordering of intercontinental oil flows, forcing India’s oil refineries to seek new markets and disrupting Turkey's lucrative trade in supplying fuel to the EU.
- Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy 5/18
- OXEA and Air Liquide renew syngas and hydrogen supply agreement for Oberhausen site 5/18
- U.S. oil refiners finally profit from biofuels due to mandates, high fuel prices 5/18
- China's April oil throughput hits lowest since August 2022, inventories rise 5/18
- Vietnam receives first cargo of Congo Djeno crude for Nghi Son refinery 5/18
- Mexico's Pemex says brief fire at Olmeca refinery controlled, operations normal 5/18
