Asia/Pacific
Indian Oil Corp studies renewed Venezuelan crude purchases
NEW DELHI (Reuters) — Indian Oil Corp is considering buying Venezuelan crude for the first time in at least 6 yr, in a move that could help the crisis-struck South American nation settle unpaid bills with another state-owned Indian energy firm.
Mobil to restore Lyttelton terminal fuel storage capacity
Mobil Oil New Zealand Limited (Mobil) announced plans to improve fuel supply capacity for the South Island with the construction of two tanks at its fuel terminal in Lyttelton.
Oil eases as traders and investors grow edgy ahead of OPEC
LONDON (Reuters) — Oil eased on Monday, as traders were wary of betting too heavily on which way prices might move ahead of an OPEC meeting next week, when the exporter group is expected to decide whether to continue output cuts aimed at propping up prices.
Rosneft says clinches oil supply deal with China's CEFC
MOSCOW (Reuters) — Russia’s largest oil producer Rosneft said on Monday it had signed a deal with CEFC China Energy Company Ltd on oil supplies, further strengthening its foothold in the world’s largest energy consumer.
Three dead after suspected gas leak at PetroChina refinery
BEIJING (Reuters) — Three workers were killed and six others injured during a suspected gas leak at a PetroChina-operated refinery in Dalian on Saturday evening, state media said on Monday.
Singapore charges defunct marine fuel supplier, staff for cheating
SINGAPORE (Reuters) — A Singapore marine fuel supplier and three executives have been charged with cheating as part of a government crackdown on short deliveries of fuel to vessels in the world’s largest bunkering hub.
Middle East, US crude oil curbs Indian appetite for African supplies
NEW DELHI (Reuters) — India's imports of African crude oil in October plunged to their lowest in over four years, with the world's No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed.
Petrobras CEO says to discuss refining partnership with CNPC CEO
NEW YORK (Reuters) — Petrobras Chief Executive Officer Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp in Brazil to discuss the details of their partnership to build a refinery complex in Rio de Janeiro.
China's oil refiners rush to cash in on bumper profits
BEIJING (Reuters) — Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly 2 yr after a rally in diesel and gasoline prices.
Rosneft board approves oil deal with China's CEFC
BEIJING (Reuters) — Russia's Rosneft has approved a 2018 deal to supply CEFC China Energy about 12 MMt of crude oil as part of the Chinese firm's $9.1 B investment in the Russian oil major, a Chinese source with direct knowledge of the matter said on Thursday.
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- BASF adds ISCC EU certification to certified biomass-balanced methanol portfolio 11/19
- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- LanzaJet produces first jet fuel from ethanol at a commercial scale 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
