Asia/Pacific

Indian Oil Corp. says diesel, gasoline sales up more than 13% in Apr 1–21

IOC, India’s top fuel retailer and refiner, is meeting the local demand through its over 42,000 fuel stations.

Burckhardt Compression wins several orders for LNG terminals in Thailand and Taiwan

Across the two terminals, the orders comprise a total of eight Laby® compressor units for boil-off gas (BOG) services and one for minimum send-of service, supporting safe, efficient and low-emissions LNG handling in the region.

Ebara Elliott Energy awarded landmark order from Kawasaki Heavy Industries to advance global liquefied hydrogen supply chain

Cosmo tanker could reach Japan on Sunday with first U.S. shipment post-Iran war

The tanker, loaded in Texas (U.S.) on March 22, is due to arrive off Chiba as early as on April 26 via the Panama Canal.

Russian ESPO premiums ease on weak Chinese refining margins

Spot premiums for Russia's Far East ESPO Blend crude oil delivered to China in June have eased as weak refining margins curbed demand from independent refiners.

PETRONAS Lubricants International launches flagship PETRONAS Pro Series lubricants to elevate global industrial performance

Asia deepens refining cuts due to Iran war, putting diesel and jet fuel supplies at risk

Asia, which accounts for 37% of global refining output and ordinarily sources two-thirds of its crude from the Middle East, has been hardest-hit by the closure of the Strait of Hormuz, with run cuts at refiners in the region exacerbating tight fuel supply and keeping prices elevated.

Japan's ethylene plant run rate hits record low of 68.6% in March

Japan has 12 ethylene plants that crack naphtha, a crude oil byproduct, into basic chemicals such as ethylene and propylene, which are used to make intermediates like resins for a wide range of end products.

Australia's Queensland invests in biodiesel to cut reliance on fuel imports

Indonesia biodiesel consumption eclipses 3.9 MM kiloliters so far this year