Asia/Pacific
Russia replaces UAE as the top naphtha supplier to India in 2024–25
Russia has surpassed the United Arab Emirates (UAE) as India's top naphtha supplier in the year to March 2025, as refiners capitalize on discounted cargoes, preliminary ship-tracking data showed, a trend buyers expect to persist for another year.
Asia's sour crude demand to rebound on completed regional refinery maintenance and upgrades
Asia's sour crude demand is set to rebound from late Q2 as refiners return from maintenance and ExxonMobil completes a Singapore refinery upgrade that is poised to increase its heavy oil use
Nippon Steel obtains new certifications for pipes/tubes used in the chemical industry
To meet its customers’ need to promote carbon neutrality, Nippon Steel Corporation has obtained five SuMPO EPD certifications based on the SuMPO Environmental Labeling Program by the Sustainable Management Promotion Organization, for its steel pipes and tubes used in the chemical industry and for boilers.
Sinochem selling bankrupt plant to independent Shandong refiner
Eastern China-based independent refiner Hongrun Petrochemical has agreed to acquire a bankrupt oil refinery operated by state-run Sinochem Group in Shandong province.
Asia's SAF ambitions exceed demand, heralding exports and potentially lowering prices
Asia's ability to supply sustainable aviation fuel will outpace regional demand this year and next as more production comes online, increasing exports and potentially lowering prices for the fuel
China made rare draw on crude oil inventories amid weak imports
China dipped slightly into crude stockpiles in the first two months of the year as refiners processed more oil and imports remained weak.
China's January–February refinery output up 2.1% on holiday travel, new refinery
China's crude oil throughput in January and February rose 2.1% vs. a year earlier, official data showed on Monday, supported by a new refinery and holiday travel, but weak refining margins persisted.
U.S., Vietnam firms sign deals on energy and minerals
Vietnamese and Americans firms have signed a series of deals on energy and minerals during a visit to the United States by Vietnam's trade minister.
Singapore marine fuel sales slip to lowest in 20 months
Singapore marine fuel sales fell to their lowest in 20 months in February.
Indian refiners turn to Latin America, Africa to replace Russian oil in Feb.
India's crude oil imports from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter U.S. sanctions.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
