Asia/Pacific
Trading of Asian fuel oil nears monthly record
A total of 4.82 million tons of fuel oil have traded in the Singapore Market on Close (MOC) process so far in March, nearing last June's record of 5.97 million tons.
Chinese refiners help boost crude imports from Saudi Arabia, Russia
China's total oil imports rose about 20% on year to the highest ever on a daily basis in February, when near 10-year low global oil prices drove buying from a group of new importers.
Saudi Aramco looks to expand Asian downstream investments: CEO
Nasser said the Saudi oil giant is looking to expand its downstream investments in China, Malaysia, India, Vietnam and Indonesia. He was speaking at the China Development Forum in Beijing.
India’s thirst for gasoline drives global oil demand
With other parts of the global economy struggling, continued growth in gasoline consumption in India has become one of the most important indicators for global oil prices.
China still sparks global chemicals growth: IHS
China remains the global chemical industry’s key demand driver despite slower gross domestic product (GDP) growth, according to Paul Pang, vice president at consultancy IHS Chemical.
Indian Oil raises fuel costs to reflect global prices
India's three state-controlled oil companies, IOC, Bharat Petroleum and Hindustan Petroleum, tend to adjust retail prices of fuels in concert.
Rosneft looks to close Indian refinery deal by June
Sechin met Essar Oil officials during his visit and said that Rosneft hopes to conclude a deal to buy a 49% stake in the 400,000-bpd Vadinar refinery in western India by the end of June.
China’s refiners raise rates over early 2015 levels
The preliminary implied oil demand shown here is the sum of domestic refinery throughput in China and net imports of refined products, on a bpd basis.
DuPont to supply clean technologies for Hengli’s new Chinese refinery
The grassroots refinery complex, with the addition of DuPont's STRATCO alkylation technology, will allow Hengli to produce a high-quality alkylate product from a 100% isobutylene feed stream.
Global distillate markets remain oversupplied as freight demand lags
Recent data have been mixed. The consumer side of the US economy appears to be strong, but the industrial side is still struggling. And in the rest of the world, growth appears to be slowing.
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