Asia/Pacific
Indian refiners turn to use dirty fuel to produce power, gas
NEW DELHI/MUMBAI (Reuters) — Indian oil refiners are drawing up plans to use petroleum coke for power generation and to produce syngas after the government banned use of the heavily polluting fuel in and around New Delhi.
Indian oil refiners issue tanker tenders aimed at boosting domestic shipping
NEW DELHI/SINGAPORE (Reuters) — Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates.
India MRPL makes its first US oil purchase
NEW DELHI (Reuters) — India’s state-run Mangalore Refinery and Petrochemicals Ltd has made its first purchase of US crude oil, buying high-sulfur grade Southern Green Canyon through a buy tender for an early February delivery, the head of its refinery said.
China crude oil imports to rebound in January on quotas, low stocks
SINGAPORE/BEIJING (Reuters) — China's crude oil imports are expected to rebound in January as demand from independent refiners will accelerate once 2018 import quotas are in place, and processors start to replenish inventories, analysts and trade sources said.
DuPont awarded five alkylation technology licenses from Sinopec
WILMINGTON, Del. — DuPont Clean Technologies signs contracts with China Petroleum & Chemical Corporation (Sinopec) for five grassroots STRATCO alkylation units at five Sinopec refineries in China.
Rising US propane exports to Asia widen heating-value spread
HOUSTON (Reuters) — Propane is trading at its widest premium to butane on a heating value basis in four years as strong US exports combined with expectations of a colder US winter than a year ago have tightened inventories.
JXTG Nippon selects AspenTech supply chain software
BEDFORD, Mass. — Aspen Technology, Inc., the asset optimization software company, announced that JXTG Nippon Oil and Energy, the largest oil company in Japan, has selected the company’s aspenONE Petroleum Supply Chain software as its preferred optimization solution for economic and operational planning.
ADNOC finalizes 2018 gasoil, jet fuel term with at least 1 buyer
SINGAPORE (Reuters) — Abu Dhabi National Oil Company (ADNOC) has finalized its 2018 gasoil and jet fuel supply term contracts with at least one buyer, five traders that participate in the market said on Wednesday.
Oil slips on OPEC deal uncertainty and rising US inventories
LONDON (Reuters) — Oil prices slipped on Wednesday as doubts set in about Russia's willingness to substantially extend a deal among some of the world's biggest exporters to curb output to help tackle global oversupply and support prices.
US ethanol makers call on Mexico, India to reduce biofuel glut
CHICAGO (Reuters) — US ethanol producers, looking to relieve a growing domestic glut, are hunting for new international fuel markets to replace China and Brazil after trade disputes slashed exports to those top buyers.
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