Asia/Pacific
Asia ultra-low-sulfur gasoil refining margins sink to near 3-yr low
Asia's ultra low-sulfur gasoil refining margins collapsed to the lowest in nearly three years, as excess supply and persistently soft derivative markets depressed prices.
Chinese court rules two Sinochem refineries in Shandong bankrupt
A Chinese court has ruled that two refineries owned by state oil and chemical group Sinochem were bankrupt after creditors failed to agree on restructuring plans.
India monsoon rains dent state retailers' diesel sales
Indian state retailers' diesel sales fell in the first half of September from the previous month, as monsoon rains hit industrial activity and mobility.
Russia's oil refining capacity seen rising in 2nd half of September, data shows
Russia's primary oil refining capacity is expected to rise in the second half of September as refineries are wrapping up their maintenance.
Germany to increase Kazakh crude oil imports, won't circumvent Russia sanctions
Germany will sign two contracts to increase oil imports from Kazakhstan for Berlin's main Schwedt oil refinery.
Oil India aims to operate Numaligarh refinery at 180,000-bpd capacity by 2027
State-run explorer Oil India Ltd. hopes to operate its refinery in the northeastern state of Assam at an expanded capacity of 180,000 bpd in the fiscal year to March 2027.
China's refinery output falls for a fifth month as fuel demand disappoints
China's oil refinery output in August fell 6.2% from a year earlier, declining for the fifth month as disappointing fuel demand and weak export margins curbed production.
Mitsubishi to buy low-carbon ammonia from ExxonMobil's hydrogen facility in Texas (U.S.)
Mitsubishi said it has reached a preliminary agreement to buy a stake in and offtake low-carbon ammonia from ExxonMobil's hydrogen facility in Texas. Part of its decarbonization drive, Japan is aiming to increase usage of hydrogen and its derivative, ammonia, for co-firing at power plants, usage in the steel and automobile industries and other areas.
Moscow Oil Refinery resumes operations at drone-hit unit
Gazprom Neft-owned Moscow Oil Refinery on Tuesday resumed operations at crude distillation Unit-6 (CDU-6), which was suspended following a drone attack on Sept. 1.
KBR wins conceptual study contract for floating blue ammonia production by Samsung Heavy Industries
KBR has been awarded a conceptual study contract for floating blue ammonia production from Samsung Heavy Industries (SHI), one of the world's largest shipbuilders in South Korea.
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