Asia/Pacific
Ecopetrol sells crude to Asia at deeper discounts amid Russia competition
Colombia's Ecopetrol is managing to sustain sales to Asia at about 45% of its crude oil production though rivalry from Russian oil is forcing it to offer deeper discounts, a senior executive said.
SCG Chemicals expected to start production at Long Son plant by September
Long Son Petrochemicals, owned by SCG Chemicals, will start commercial production at its petrochemical complex in southern Vietnam in September, the head of Thai conglomerate Siam Cement Group said.
China refiners stoke petrochemical glut in market-share war
China is relentlessly adding new petrochemical capacity despite a global glut as the country's refiners diversify from transport fuels, threatening to depress margins worldwide through 2024 as weak economic growth saps demand.
Saudi Aramco sees 'sound' oil outlook for H2 on China, India demand
Saudi Aramco believes market fundamentals remain "sound" for the second half as demand from emerging markets led by China and India will offset recession risk in developed markets, CEO Amin Nasser told an industry gathering.
EU-backed green auditor cracks down on China island biofuel trade
An auditing company empowered by the European Union to verify sustainable fuel has suspended the certification of three Chinese biofuel exporters after an audit found the precise source of their waste products from Malaysia and Indonesia could not be verified.
China's Penglai crude shipments land in Singapore, Malaysia
Two crude cargoes loaded from China's Penglai oilfields arrived at Singapore and Malaysia in May and June, an unusual export from the world's largest crude importer.
Palm falls for second day on smaller-than-expected US biofuel mandate
Malaysian palm oil futures fell for a second day following news of a U.S. plan to implement a smaller biofuel mandate than it had initially proposed.
Oil extends declines on China growth woes, firmer dollar
Oil prices weakened, extending falls to a third straight day, as the dollar strengthened on a U.S. housing market recovery while fears persisted that monetary stimulus may not be enough to revive growth in China.
China's May fuel oil imports ease after hitting highest in a decade
China's fuel oil imports dipped in May after hitting a decade-high in April, while exports of low-sulfur marine fuels rose, General Administration of Customs data showed.
Oil falls on mixed Chinese demand picture
Oil prices fell in choppy trading as a clouded oil demand outlook outweighed the potential boost from a cut to China's benchmark lending rates.
- Vioneo awards Lummus polypropylene contract for world's first industrial scale fossil-free plastics from green methanol facility 8/19
- Research: Developing an energy-saving, carbon-capturing method for making ethylene glycol 8/19
- Emerson announced the release of its new Rosemount 3144S temperature transmitter 8/19
- Chinese refiners sweep up Russian oil after Indian demand falls 8/19
- Indonesia plans quick-to-build oil refineries for U.S. crude 8/19
- Russia's ultra low-sulfur diesel exports from Primorsk scheduled to rise in August 8/19
