Asia/Pacific
China's November fuel oil imports up 15% from October
The import volumes totaled 2.15 million metric tons (t), or about 454,957 barrels per day (bpd).
India's Chennai Petroleum Corp to raise capacity at key Manali refinery
The company is a subsidiary of the country's top refiner, the state-run Indian Oil Corp., and sells almost all of its transportation fuels - diesel and gasoline - to its parent, which has a robust local retail network.
China oil demand to plateau between 2025 and 2030
Apparent consumption of oil is expected to reach 760 MMt in 2025, up 0.9% on the year, he added, but demand is set to stabilize next year and stay above 700 MMt until 2030.
India imports more Russian crude, but mix of buyers shifts
While the South Asian nation's appetite for Russian crude has not been diminished by the U.S. sanctions against top Russian producers Lukoil and Rosneft, what has changed is the mix of buyers.
Aster to carry out further upgrades at Singapore Bukom refinery
The plans include a previously announced project to spend $75 MM to revitalize its condensate splitter unit which it acquired in June, and $71 MM on its lube oil complex to produce higher-value base oils.
Major Asian refiners sell 2026 diesel cargoes at higher premiums
Major Asian refiners have locked in term deals for diesel exports in 2026 at higher premiums to benchmark Singapore prices than this year, supported by firmer prices in November.
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