Asia/Pacific
Viewpoint: The future of India’s refining capacity and the rise of clean fuels
India is emerging as the world’s new oil demand center, with burgeoning consumption providing huge potential for downstream oil and gas growth. With a GDP ranked in the top 10 globally and a large, growing population, India has seen continuous increases in demand for energy in all forms.
India's largest refiner IOC setting up Singapore oil unit
SINGAPORE/NEW DELHI (Reuters) — India's largest refiner Indian Oil Corp is setting up an office in Singapore that will handle crude oil purchases and the sales of oil products from its refineries later this year, trade sources said on Friday.
S.Korea's GS E&C wins $865-MM order to rebuild ADNOC's fire-hit refinery
SEOUL/SINGAPORE (Reuters) — Abu Dhabi demand for gasoline is expected to stay firm after its plans to restart a gasoline-making secondary unit at its Ruwais refinery were delayed by about a year into early 2019.
Asia demand for US, Atlantic Basin oil set to jump as buyers prep for winter
SINGAPORE (Reuters) — Asian demand for crude oil from the Atlantic Basin and the Americas is set to rise as low prices drive Japanese and South Korean buyers to snap up cargoes to arrive ahead of peak winter consumption.
Taiwan's Formosa may not export spot diesel until Q4
SINGAPORE (Reuters) — Taiwan's Formosa Petrochemical Corp may not export any diesel in the spot market until the fourth quarter of this year, potentially boosting margins for the fuel, industry sources said on Thursday.
EIA: Low inventories, supply developments affecting Asian residual fuel oil prices
The difference between high-sulfur residual fuel oil prices in Singapore and crude oil prices in Dubai/Oman has been narrowing since the spring. Low inventories of residual fuel oil in Singapore and lower residual fuel oil production from Russia are likely contributing to the narrowing price spread.
Unipec, Vitol win tender to supply oil products to Bangladesh
DHAKA (Reuters) — Unipec and Vitol have won a tender to supply oil products to Bangladesh, two government sources with direct knowledge of the matter said on Wednesday.
Indian refiner HMEL chooses Topsoe equipment for refinery upgrade
Indian refinery company HPCL-Mittal Energy Ltd (HMEL) has chosen Topsoe’s diesel hydrotreater unit and hydrogen generation facilities to meet their upgrading requirements.
Russia keeps top spot as China oil supplier in May, Angola pips Saudi again
BEIJING (Reuters) — For the third month in a row, Russia has maintained its spot as China's top crude oil supplier and Angola clung onto the second spot over Saudi Arabia, data from Chinese customs for May imports showed on Friday.
China, India, Japan hamper Asia oil demand growth, efforts to balance market
SINGAPORE (Reuters) — As the global oil market frets about a stubborn supply glut, faltering demand growth in key Asian crude importers is further hampering efforts to restore market balance.
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- Norsk e-Fuel and Braskem partner to turn captured carbon into long-lasting products 11/20
- Nigeria's Dangote refinery delays CDU maintenance to end of January 2026 11/20
- Technimont attends ground-breaking ceremony of Tengiz Gas separation Complex in Kazakhstan 11/20
- 42% of U.S. energy/critical infrastructure providers exposed to weaponized AI and email attacks 11/20
- EIA: U.S. crude stocks fall on higher demand, fuel inventories rise 11/20
