Asia/Pacific

COP30: Brazil seeks biofuel boom, but critics query climate impact

U.N. COP30 climate summit host Brazil is pressing nations to pledge to quadruple the global use of sustainable fuels by 2035, including biofuels, hydrogen and biogases, but environmentalists warn that making fuel from crops harms food security and nature.

Siam Cement to invest an additional $500 MM in Long Son chemical complex

Reliance buys 1 MMbbl of crude from Kuwait's KPC, trade sources say

Last week, KPC issued a tender to sell crude oil that the Al-Zour refinery is unable to process because of unplanned maintenance after a fire.

Vitol, Cnergyico make Pakistan's biggest single delivery of marine fuel

The move will enable large vessels refueling in Pakistan to now sail longer routes from east to west without needing to stop elsewhere, while also giving Pakistan a stronger local supply of environmentally compliant marine fuel.

Global oil refining profits surge and may stay strong

The strength in margins contrasts with crude oil markets coming under pressure from an expected oversupply, and has defied expectations earlier this year that the rally could prove to be a short-term blip due to the impact of tariffs.

Vietnam's Nghi Son to keep high crude runs despite derivative unit maintenance

There will be no major impact on main refinery operations, the spokesperson said, adding the November partial shutdown will include some works at its hydrogen manufacturing unit and a catalyst change at its residue hydrodesulphurization unit.

Abra Group and Sumitomo sign MoU to advance affordable SAF in Brazil

HORIBA’s gas and liquid analysis and measurement instruments adopted for INPEX’s Blue Hydrogen and Ammonia Production and Usage Demonstration Project

This project marks Japan’s first initiative to verify the entire value chain, from production to utilization, of blue hydrogen and blue ammonia derived from domestically sourced natural gas.

India ships first jet fuel cargo to U.S. West Coast

U.S. West Coast jet fuel production has been curtailed since October, after a fire at Chevron's 285,000-bpd El Segundo refinery in southern California forced the company to take multiple units offline.

Asian gasoline margin spikes to highest since August 2023