Asia/Pacific
Chinese refiners delay projects with Middle East oil supply disrupted
The delays come as the Iran conflict has crunched refiners' margins, with the Middle East oil supply disruption driving up crude prices, while they face state fuel price caps. At the same time fuel demand has weakened due to electric vehicle growth.
India launches gasoline blended with 85% ethanol at lower price
Indian automakers have started launching flex-fuel vehicles that are compatible with the higher ethanol variant.
Indian companies willing to deepen presence in Venezuela
New Delhi was the second-largest importer of Venezuelan oil in May, with purchases of 427,000 bpd.
Japan steps up efforts on cooking oil in race for sustainable aviation fuel
The flurry to collect cooking oil highlights the challenge for the aviation industry, one of the biggest emitters of greenhouse gas, in trying to reduce its carbon footprint.
Indian refiner Nayara says Vadinar refinery turnaround completed
Nayara's Vadinar refinery accounts for about 8% of India's total refining capacity and approximately 7% of its retail fuel network.
South Korea jet fuel exports rebound in May to pre-war levels
The rebound from one of Asia's top fuel exporters, seen in a slew of spot cargo sales, has helped ease concerns about tight supply and done much to cool prices in the region.
China allows output cuts by some money-losing independent refiners
Some refiners in the eastern province of Shandong, popularly called teapots, were told recently that they can cut output to no lower than 80% of last year's monthly average.
- 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
