Asia/Pacific
IRPC '17: Indian Oil Chairman sees "enormous potential" for refining sector
NEW DELHI, INDIA—Kicking off International Refining and Petrochemical Conference (IRPC) 2017, B. Ashok, Chairman of state-run Indian Oil Corp. (IOC), presented a keynote speech on the expansion of the Indian refining sector and the challenges and opportunities faced by Asia-Pacific refiners.
China plans Shanghai crude oil futures launch in H2 2017
SINGAPORE/BEIJING (Reuters) -- China is looking at launching its crude oil futures in Shanghai in the second half of this year, two sources familiar with the matter said, breathing new life into a derivative that was considered shelved only months ago.
India's exports revival picks up speed in March
NEW DELHI (Reuters) -- A recovery in Indian exports gathered steam in March with a pick-up in demand for engineering and petroleum products, bolstering an economy still recovering from the government's cash clampdown.
EIA: More Chinese crude oil imports coming from non-OPEC countries
China is the world’s largest net importer of crude oil, and in recent years, China’s crude oil imports have increasingly come from countries outside the Organization of the Petroleum Exporting Countries (OPEC).
US to launch probe into Argentina, Indonesia biodiesel imports
WASHINGTON/JAKARTA (Reuters) -- The United States said on Thursday it would start an investigation into imports of biodiesel from Indonesia and Argentina for possible dumping and subsidization.
Japan March petchem naphtha imports rise 14% y/y
TOKYO (Reuters) -- Japan's naphtha imports for the petrochemical sector rose 14% in March from the same month a year earlier, government figures showed on Friday.
Zhejiang Petroleum awards DuPont contract for sulfuric acid regeneration unit
WILMINGTON, Del. – Zhejiang Petroleum and Chemical Co. (ZPC) in China has awarded and signed contracts for the engineering, technology license and proprietary equipment for a MECS sulfuric acid regeneration (SAR) unit, licensed by DuPont Clean Technologies.
China crude oil imports shatter record, top US intake
BEIJING (Reuters) -- China's crude oil imports surged to an all-time high in March to nearly 9.2 MMbpd, customs data showed on Thursday, far surpassing expectations and overtaking the United States as independent refiners ramped up their purchases.
China's Sinopec says fire at rubber warehouse has been put out
BEIJING (Reuters) -- Sinopec Corp said on Thursday that a fire in a warehouse at a petrochemical and refining complex in southern China operated by one of its subsidiaries was put out at 2:20 pm local time and had not affected production.
For North Korea, cutting off oil supplies would be devastating
BEIJING/SEOUL (Reuters) -- Isolated North Korea doesn't consume much oil, but curbing or cutting off its supplies in retaliation for further nuclear or long-range missile tests would be painful and potentially destabilizing to the regime of Kim Jong Un.
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