Asia/Pacific
China stored massive volume of crude oil in May, giving it options
China added to crude oil stockpiles at the fastest rate in nearly three years in May, as robust imports outweighed near-record refinery processing.
Kuwait's KPC sees good oil demand from China in H2
Kuwait Petroleum Corporation sees continued good demand for oil from China in the second half of the year, its chief executive said, speaking to Reuters as part of a podcast series hosted by the Al Attiyah Foundation.
China’s first helicopter flight using sustainable aviation fuel
An Airbus H125 helicopter belonging to State Grid Space Technology Co., Ltd has successfully used SAF for a flight demonstration at Hefei Shiwan Airport in China.
South Korea jet fuel exports to U.S. set to rise to near 2-year high in June
South Korean jet fuel exports to the United States in June are headed for a near two-year high as oil traders cash in on stronger U.S. demand as Asia's aviation sector is still recovering, industry sources said.
Indonesia's PGN to supply gas to Lotte Chemical petrochemical plant
Indonesia's state-controlled gas company Perusahaan Gas Negara said it would supply natural gas to a petrochemical plant operated by a unit of South Korea's Lotte Chemical Corp .
Mitsui O.S.K. Lines, Ltd. makes strategic investment in Ascension Clean Energy
MOL Clean Energy and Clean Hydrogen Works, LLC announce MCE as a Joint Venture shareholder in Ascension Clean Energy, a proposed world-scale, clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana.
Singapore May bunker sales hit over 5-year high as vessel arrivals spike
Monthly sales of marine fuel, also known as bunker fuel, hit over five-year highs at the world's largest refueling hub Singapore in May as vessel arrivals spiked amid firm container throughput, official data showed.
India soon to overtake China as largest oil demand driver
India will soon overtake China as the largest driver of global oil demand, International Energy Agency chief Fatih Birol said.
China to become oil refining juggernaut, raising global risks
China is both the biggest driver of future demand for crude oil, and the biggest risk to global refining as it will continue to hold much of the world's spare capacity.
CPGC and BASF accelerate onboard CO2 capture system development
CSSC Power Co., Ltd. and BASF have formed a solid cooperation to expedite the progress of onboard carbon capture system for commercial maritime applications.
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