Economics
Rising oil prices drive Indonesians to embrace biodiesel
Motorists in Indonesia are modifying their cars to run on subsidised biodiesel amid high global oil prices, as Jakarta raises the fuel's palm oil content in an effort to reduce the country's reliance on energy imports.
Indian BPCL and Japan's Taiyo Oil buy U.S. crude via tenders
Asian refiners had reduced purchases of U.S. crude following the U.S.-Iran ceasefire agreement.
South Korea's four oil refiners charged with price collusion
Though prosecutors did not name the companies, South Korea only has four refiners: HD Hyundai Oilbank, SK Energy, GS Caltex and S-Oil.
World absorbs historic Iran war oil supply loss, but depleted stocks bring risks
Tehran's throttling of the Strait of Hormuz in response to the U.S. and Israeli attacks launched on February 28 fed fears of a catastrophic global energy crunch.
Brazil to phase out subsidy for diesel more slowly than for gasoline, minister says
Brazil's government will take longer to phase out its diesel subsidy than the gasoline benefit, reflecting concerns the process must be handled carefully, even after the drop in global oil prices, to avoid price shocks or fuel shortages.
Chinese independent refiners snap up discounted Mideast oil as supplies rise
Gulf oil exports are gushing into Asia as producers ramp up output and exports through the Strait of Hormuz following the interim peace deal between the U.S. and Iran, depressing oil prices globally.
U.S.-Iran war still trails the 1979 oil shock by total losses
Unlike previous crises, the Iran war has simultaneously disrupted crude oil, natural gas, refined fuels and fertilizer supplies, exposing vulnerabilities created by decades of rising energy demand, globalized trade and the Middle East’s growing role as a supplier of finished fuels.
- 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
