Asia/Pacific
Japan's gasoline imports seen rising through August as refinery outages cut output
Japan's gasoline imports are expected to stay elevated through August after rising 20% in June as outages at its refineries are reducing output during peak summer demand season.
China's newest refiner Yulong stocks up on Russian oil ahead of startup
China's newest mega refiner Shandong Yulong Petrochemical has stepped up purchases of Russian crude oil cargoes for September arrival ahead of a planned test operation of its new plant.
Ampol, Graincorp collaborate for potential renewable fuels plant in Australia
The companies inked a memorandum of understanding (MoU), under which Graincorp will supply feedstock to produce sustainable aviation fuel and renewable diesel at the Lytton refinery.
TFG Marine signs agreement with Consort Bunkers for four newbuild methanol carriage bunker tankers
TFG Marine, a leading international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean, has signed a long-term time charter agreement with Singapore-headquartered Consort Bunkers for four newbuild methanol carriage-ready bunker tankers.
India to boost refining capacity to 6.19 MMbpd by 2028
India's annual refining capacity is projected to rise by about a fifth to a 309.5 metric MMt equivalent to 6.19 MMbpd by 2028 to meet rising local fuel demand.
PETRONAS, Eni and Euglena reach FID to construct a biorefinery in Malaysia
Petroliam Nasional Berhad (PETRONAS), Enilive S.p.A (a company directly controlled by Eni S.p.A.) and Euglena Co., Ltd. have reached the final investment decision (FID) to develop a biorefinery which will be located within PETRONAS’ Pengerang Integrated Complex (PIC), Johor, Malaysia.
WoodMac: LNG truck sales impacting Chinese road diesel demand
China’s sales of LNG-powered heavy-duty trucks rose from below 10% to reach as much as 30% of the market in the latter months of 2023, resulting in the displacement of over 8% of road diesel demand in the country.
Singapore shortlists two consortia for ammonia power and bunkering project
Singapore's Energy Market Authority and the Maritime and Port Authority of Singapore have shortlisted two consortia for the next proposal evaluation round of an ammonia power and bunkering project on Jurong Island.
Russia considering ban on diesel exports
The Russian government is considering a ban on exports of diesel due to rising domestic prices.
Taiwan's FPCC to restart Mailiao port operations on July 26
Taiwan oil major Formosa Petrochemical Corp. aims to restart operations at its port at the Mailiao refinery on July 26, after shutting down ahead of Typhoon Gaemi's arrival.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
