Asia/Pacific
Indian Oil buys first Colombian oil under Ecopetrol contract
Indian refiners are scouting for crude as tighter U.S. and European Union sanctions on Moscow's producers and vessels are disrupting Russian oil imports.
China begins issuing second batch of 2026 crude import quotas to refiners
The newest allocation, combined with a small batch issued in late November, accounts for about 70% of the refiner's total quota for next year.
Five energy market trends to track in 2026, the year of the glut
This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela.
Eneos plans to shut Marifu CDU in mid-January for maintenance
The refiner, a unit of Eneos Holdings, restarted the 172,100-bpd No. 2 CDU at its Kawasaki refinery near Tokyo on November 21 after it had been shut since August 16 for a planned turnaround.
China's 2026 first batch fuel export quotas steady year on year
China manages its refined fuel exports via a quota system to balance the supply-demand fundamentals in its local market.
Singapore fuel oil stockpiles rise to two-week high
Onshore fuel oil stockpiles in Singapore rose to a two-week high, as both imports and exports rose from the previous week.
Asia refinery 2025–2026 maintenance/outages
The table lists planned and unplanned refinery shutdowns for 2025 and 2026 compiled through a survey of Asian oil refiners and market sources.
Indonesia allocates 15.65 MM kiloliters of biodiesel for 2026
Of the total allocation, 7.45 MMkl have been earmarked for the public service obligation (PSO), which covers sectors such as public transportation and whose sales will be subsidized by the country's palm oil fund.
China's teapots boost Russian ESPO buying amid record discounts
Discounts for Russian ESPO Blend crude loading in January have widened to a record $7–$8 per barrel versus ICE Brent upon delivery in Chinese ports, as Western sanctions pressure weighs on the grade.
Bahrain's BAPCO sends first diesel cargo to Australia in 2.5 yrs
Around 400,000 bbl of diesel were loaded on the Torm Kirsten during December 9–11 from BAPCO's Sitra refining site, Kpler and Vortexa shiptracking data showed, while 140,000 bbl more were loaded via ship-to-ship transfers with the vessel Zonda.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
