Asia/Pacific
India's ONGC to keep buying Russian oil if prices economical
Indian explorer Oil and Natural Gas Corporation said its refining units will continue to buy Russian oil if available at economical prices.
Indian automakers say ethanol fuel hurts mileage but is safe, as motorists complain
India's roll-out of fuel blended with 20% ethanol will hurt a vehicle's mileage by 2%-4% but is safe to use, a lobby group representing the country's automakers said, aiming to assuage motorists' concerns in the world's third-largest car market.
KraussMaffei launches co-rotating twin-screw extruders for petrochemical industry
With the market launch of the new ZE Petrochemical (ZE-PC) series, KraussMaffei Extrusion is setting a milestone in industrial raw polymer production.
Aster Chemicals declares force majeure at Singapore naphtha cracker
Singapore's Aster Chemicals and Energy has declared force majeure on petrochemical supplies from its naphtha cracker on Bukom island
Sinopec wins engineering contract for Saudi Arabian green hydrogen/ammonia project
China's Sinopec said it has agreed to provide engineering services for Saudi Arabia's ACWA Power to build the world’s largest integrated green hydrogen and green ammonia project in the kingdom.
South Korea petrochemical overhaul likely to shut small, stand-alone naphtha crackers
Small and stand-alone naphtha crackers are likely to shut while some plants could merge as part of an overhaul of South Korea's oversupplied petrochemical sector, which will cut naphtha demand at the world's largest importer of the fuel.
India's ONGC plans to set up trading unit for crude, refined fuels for group firms
India's state-run Oil and Natural Gas Corp (ONGC) is planning to set up a trading unit for the crude and refined fuels of its group companies, a top executive at ONGC Videsh said.
China's carbon market to introduce absolute emissions caps from 2027
China will tighten its carbon trading market by introducing absolute emissions caps in some industries for the first time starting by 2027, China's cabinet said.
Vietnam to make switch to ethanol-blended fuel in move to boost U.S. imports
The Ministry of Industry and Trade has submitted a proposal to the government to switch to E10 - a blend that mixes gasoline with up to 10% of bioethanol.
Saudi Arabia and India were biggest buyers of Russian fuel oil, VGO in July
Since the European Union's full embargo on Russian oil products took effect in February 2023, Middle Eastern and Asian countries have become the main destinations for Russia's fuel oil and VGO supplies.
- Indian Oil buys first Colombian oil under Ecopetrol contract 12/31
- Ukrainian drone attack sparks fire, damages equipment at Tuapse refinery 12/31
- Chile's $2.5-B Volta green ammonia project wins environmental permit 12/31
- China begins issuing second batch of 2026 crude import quotas to refiners 12/31
- EIA: U.S. crude, fuel inventories rose in the week ended December 19 12/30
- Ghana's Tema oil refinery restarts after 9-yr shutdown 12/30
