Asia/Pacific
Neste, KPI OceanConnect and Global Energy collaborate for first delivery of Neste MY Renewable Diesel to Singapore marine sector
Neste and KPI OceanConnect, a global provider of marine energy solutions, have collaborated on the supply of Neste MY Renewable Diesel™ to the marine sector in Singapore in partnership with Global Energy for operational delivery in Singapore waters.
Sinopec's Zhenhai refinery says fire at crude unit has been put out
China's Sinopec Zhenhai refinery said a fire that broke out on one of its crude distillation units (CDUs) late on Tuesday had been put out, with no casualties or injuries reported. The incident took place during the commissioning of new units in a major expansion at the plant.
China's Shandong Port, entry point for most sanctioned oil, bans U.S.-designated vessels
Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.S. embargo.
Asia's crude oil imports drop in 2024 as weak China weighs
Asia's crude oil imports dropped in 2024, the first annual decline in three years, led by weak demand from heavyweight China and other major buyers, with only India managing sparse growth.
U.S. plans more sanctions on tankers carrying Russian oil
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude.
Russian court tells Yandex to hide images of oil refinery after Ukrainian attacks
A Russian court has ordered internet company Yandex to hide access to maps and photos of one of Russia's largest oil refineries due to repeated attacks by Ukrainian drones.
Singapore's Dec. jet fuel imports hit multi-year high on India, S. Korea supply
Singapore's jet fuel imports probably hit multi-year highs in December, with India the top supplier as the arbitrage to Europe stayed shut.
Palm oil ends with more than 5% weekly losses
Malaysian palm oil futures closed up on Friday, although they posted a 5.41% weekly decline, snapping gains from the previous week.
Indonesia's B40 palm oil delay causes market uncertainty
Indonesia has yet to implement a higher mandatory blend of biodiesel planned for Jan. 1 as industry participants await technical details of the new regulation, causing confusion among palm oil traders.
China issues 2025 crude quota to Sinochem for eastern China refineries
State-run Sinochem Group has received a crude oil import quota of 17.12 MM tonnes (t) for 2025, which will be for the group's eastern China refineries.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- 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
