Asia/Pacific
India's 2016 fuel sales growth highest in at least 16 years
NEW DELHI (Reuters) -- India's fuel demand in 2016 grew at its highest pace in at least 16 years as low oil prices for most of the year boosted demand for gasoline and aviation fuels.
Rosneft to supply extra 70 MMt of oil to China from 2017-2023
MOSCOW (Reuters) -- Russian state oil company Rosneft and China's CNPC have signed an agreement to increase by 70 MMt the amount of crude oil Rosneft will supply to China via Kazakhstan over the period from Jan. 1, 2017, to Dec. 31, 2023.
Indonesia lowers sulfur content of subsidized diesel
SINGAPORE/JAKARTA (Reuters) -- Indonesia has lowered the sulfur content of its subsidized diesel in line with a global shift to move towards using cleaner fuel to curb pollution.
S. Korea's S-Oil to sell $1B diesel, naphtha, jet fuel to Saudi Aramco
SEOUL, Jan 5 (Reuters) - South Korea's S-Oil, the country's third-largest refiner, has signed a deal to sell a combined $1 billion of diesel, naphtha and jet fuel this year to Saudi Aramco, its biggest shareholder.
Myanmar's fuel demand surging, expected to grow 6% per year in next decade
SINGAPORE (Reuters) -- Myanmar's oil imports are surging to fuel a fast-growing economy and rebuild rotting infrastructure, creating a small but profitable route for ships making a beeline for the emerging southeast Asian nation from the regional hub of Singapore.
China's Iran oil imports to hit record on new production
BEIJING (Reuters) -- China's Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said.
Saudi Arabia to raise February term crude prices to Asia
(Reuters) -- Top oil exporter Saudi Arabia is expected to raise prices for all grades of crude it sells to Asia in February, tracking strength in the Dubai price benchmark and robust refining margins, traders said on Tuesday.
General Atomics awarded contract at Hyundai Oilbank refinery
SAN DIEGO, CA – General Atomics Electromagnetic Systems announced that it has been awarded a contract for a six-module Gulftronic Electrostatic Separator system for installation at the Hyundai Oilbank Co. Ltd. Daesan refinery in the Republic of Korea.
SK Innovation to invest up to $2.5 B in 2017 to boost growth
SEOUL (Reuters) -- SK Innovation Co Ltd, which owns South Korea's top refiner SK Energy, said on Sunday it will spend up to $2.49 billion in chemicals, oil exploration and battery businesses to boost its global growth.
Sinopec starts supplying cleaner fuel to Beijing in anti-smog drive
BEIJING (Reuters) -- China's largest state refiner Sinopec Corp on Friday began supplying the Chinese capital with a new, lower-emission grade of petrol and diesel in line with efforts to combat smog that has plagued the country just a month into the winter.
- 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
