Asia/Pacific
China's crude oil imports slump, but it's economics not altruism
The collapse in China's imports is being framed in media and market commentary as helping Asia adjust to the loss of at least 10 MMbpd of crude from the effective closure of the Strait of Hormuz.
Not everybody is a loser from the Iran war—just ask Brunei
The focus from the Iran conflict has largely been on the increasing cost the world is having to pay through higher crude oil and natural gas prices resulting from the effective closure of the Strait of Hormuz.
India ethanol push drives big rise in land farmed to make fuel
India depends on imports for some 85% of its oil, so using more ethanol, made from crops such as sugarcane, rice and maize, is central to its plans to boost its energy security and reduce planet-heating emissions.
Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilities
Despite depending on supplies through the Strait of Hormuz for up to 90% of its oil and liquefied natural gas imports, Pakistan has no strategic petroleum reserves.
Indian refiners' April crude processing drops 8.9% from a month earlier
India is the world's third-biggest oil importer and consumer.
- 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
