Asia/Pacific
Russia oil sanctions create different winners at different times
The crude oil market is adapting quickly to the new sanctions against Russia's shadow fleet of tankers, albeit by creating both short- and medium-term winners and losers.
DHL Express to buy SAF from Japan's Cosmo starting April
DHL Express, a division of Germany's Deutsche Post DHLn.DE, said on Tuesday it would buy sustainable aviation fuel (SAF) from a unit of Japan's Cosmo Energy Holdings starting in April.
Syzygy Plasmonics and Lotte Chemical complete trial of ammonia e-cracking unit
Syzygy Plasmonics and Lotte Chemical have commissioned and completed performance testing of the world's largest all-electric ammonia cracking system in Ulsan, South Korea with logistical support from Sumitomo Corp. of Americas and Sumitomo Corp. Korea.
Japan's Cosmo to supply domestic SAF to two airlines from April
Cosmo Energy Holdings said on Monday it will start supplying sustainable aviation fuel (SAF) to Japan Airlines (JAL) and All Nippon Airways (ANA) from April, marking the first supply of domestically produced green fuel.
Russian oil refining rises as U.S. sanctions target crude
Russian refineries are processing more crude oil in the hope of boosting fuel exports after new U.S. sanctions on Russian tankers and traders made exports of unprocessed crude more difficult.
China 'teapot' refiners halt plants as new fuel tax
Several independent oil refineries in eastern China have halted operations, or plan to do so, for indefinite maintenance periods as new Chinese tariff and tax policies plunge them deeper into losses.
Australia's Ampol expects lower annual earnings on Lytton refinery snags
Australia's Ampol estimated a steep drop in annual earnings on Thursday as production at its Lytton refinery in Queensland was hit by operational constraints and lower refining margins.
Ukrainian drones hit big Russian oil refinery at Ryazan
Ukrainian drones hit a Russian oil refinery in the city of Ryazan overnight, causing a fire and damaging equipment at one of Russia's biggest refineries.
India's BPCL sees March Russian oil intake down 20% as it awaits offers
India's state-run refiner Bharat Petroleum Corp. sees its Russian oil processing down to 20% in March from 31% this month as it awaits offers from traders.
Topsoe to provide technology to Chuangui Lingang New Energy's 300,000-tpy SAF/renewable diesel plant in China
Chuangui New Energy company will use Topsoe’s licensing and engineering design services and technologies, including its HydroFlex® technology, proprietary equipment and catalysts enabling production of SAF and renewable diesel starting from used cooking oil.
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- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
