Asia/Pacific
NRL wax exported to Indonesia, Dominican Republic
Numaligarh Refinery Limited wax is on its way to Indonesia and Dominican Republic after an export consignment comprising of 40 metric tons of fully refined paraffin wax was flagged off to the two countries from NRL's marketing terminal by GM NRL Mr. N. Borthakur. With this, the total export of paraffin wax from NRL's wax plant stands at 2,172 metric tons.
After OPEC cuts heavy oil, China teapot refiners pull US supply to Asia
SINGAPORE/HOUSTON (Reuters) -- Chinese independent, or teapot, refiners are bringing in rare cargoes of North American heavy crude in a new long-distance flow that traders say has only been made possible by OPEC's output cuts and ample supplies in Canada and the United States.
Japan's JX says cuts crude refining target due to "problem"
TOKYO (Reuters) -- Japan's JX Nippon Oil & Energy Corp has cut the amount of crude oil it expects to refine in February by about 4% from an earlier target due to unspecified problems with secondary units at multiple refineries.
Rosneft-led consortium plans to complete Essar acquisition next month
MOSCOW (Reuters) -- A consortium led by Russian oil major Rosneft plans to finally complete its $12.9 billion acquisition of India's Essar Oil next month, two Russian sources close to the deal told Reuters.
Flowserve awarded $80-MM supply contract for Hengli refining complex
DALLAS -- Flowserve Corporation announced an order close to $80 million to provide pumps and ebulators for the Hengli Integrated Refining Complex Project, a 400,000-bpd final conversion refinery on Changxing Island in Dalian, Liaoning Province in China.
Full start of India Reliance petchem plant will halt heavy naphtha exports
SINGAPORE/NEW DELHI (Reuters) -- India's Reliance Industries, owner of the world's biggest refining complex, will halt heavy naphtha exports in 2017/18 after the full-scale start-up of its 2.2 MMtpy paraxylene plant by end-March, four people with knowledge of the matter said.
South Korea's LPG demand revives with switch to petrochemicals
SEOUL/SINGAPORE (Reuters) -- A shift in the use of liquefied petroleum gas (LPG) to petrochemicals and away from transport has pushed demand for the fuel to new records in South Korea, after years of slumping consumption, a change which mostly benefits US suppliers.
S.Korea's SK Energy buys Russian Urals crude for first time in 10 years
SEOUL (Reuters) -- SK Energy has bought Russian Urals crude for the first time in 10 years, a spokeswoman for the parent company of South Korea's top refiner said on Friday.
ExxonMobil Singapore refinery to expand Group II base stock production
LONDON -- ExxonMobil announced the expansion of its Singapore refinery to support the production of the company’s EHC Group II base stocks, which will strengthen the global supply of these products and enhance the Singapore facility’s competitiveness. Construction is expected to begin during the second quarter of 2017 with completion anticipated in 2019.
ADNOC offers Murban crude from S. Korea storage in rare move
SINGAPORE (Reuters) -- Abu Dhabi National Oil Company has offered Murban crude to be loaded in April from its oil storage in South Korea in a rare move, three trade sources said on Thursday.
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- Mideast conflict turbocharges diesel prices, squeezing Europe 6/23
- Pertamina is looking to import > 200,000/month of 90-octane gasoline 6/23
- Japan will mitigate potential gasoline price spike, prime minister says 6/23
