Asia/Pacific
India gasoline demand to grow 6%–8% next fiscal year
Indian transportation fuel demand is expected to rise in the range of 6%–8% in fiscal year 2026, underpinned by rising vehicle sales, even as growth in Asian consumption lags growth in supply due to new refinery expansions in the region, industry executives and analysts said.
Kraton receives third ISCC PLUS certification for renewable polymers
Kraton Corp. and Formosa Petrochemical Corp. have announced the ISCC PLUS certification of their HSBC joint venture plant in Mailiao, Taiwan.
India's HPCL plans to raise Vizag oil refinery capacity by as much as 20%
State-run Hindustan Petroleum (HPCL) plans to increase the capacity of its Vizag oil refinery in southern India by as much as 20% to meet growing local fuel demand.
Russia's Saratov oil refinery suspends operations after drone attacks
Rosneft-owned oil refinery in the southern Russian city of Saratov has suspended fuel production for safety reasons after Ukrainian drone attacks on Tuesday, industry sources said, expecting the plant to resume operations in a day or two.
South Korean petrochemical firms' profits fall in 2024 as oversupply persists
South Korean petrochemical companies LG Chem and Lotte Chemical both suffered losses in 2024, dragged down by oversupply which is set to persist this year, while trade turmoil has dampened the global economic outlook
Russia's oil transit via Ukraine down 15% in 2024
Russia's oil transit through Ukraine's pipeline system declined by 15% in 2024 to 11.5 MM tonnes (t) (230,300 bpd).
Amogy expands operations to South Korea, strengthening regional presence with key stakeholders to advance its ammonia-to-power solutions
Amogy, a provider of mature, scalable and efficient ammonia-to-power solutions, announced the expansion of its operations into South Korea with the opening of an office in the Pangyo Techno Valley.
India's January fuel demand drops to 3-month low
India's January fuel consumption hit its lowest monthly level since October, but was up 3.2% year-on-year at 20.49 MM tonnes, oil ministry data showed on Friday.
Digital Exclusive: A unified approach to methane emissions reporting (3)
This article looks at the causes of methane emissions, new technologies to monitor it and pathways to mitigate them in the future.
Singapore Airlines Group, Aether Fuels sign MoU for SAF
The Singapore Airlines (SIA) Group has signed a memorandum of understanding (MoU) to potentially source neat sustainable aviation fuel (SAF) from Aether Fuels (Aether), a climate technology firm that plans to set up SAF production plants in the U.S. and Southeast Asia.
- Transitional Industries and CFEnergia sign feedstock supply contract for $3.3-B Pacifico Mexinol project 2/17
- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
