Asia/Pacific
China sets sights on heavy truck electrification in blow to diesel demand
By 2030, EVs will make up 40% of new heavy truck sales in China and 20% of the total fleet, or 1.6 MM vehicles.
China learns to live on less fuel, to the relief of oil markets
Gasoline sales at Sinopec, which runs China's biggest network of petrol stations and is the world's largest refiner, dropped 8% on-year in April while diesel fell 6%.
Utility Global signs first commercial project agreement in South Korea for H2Gen Project in Daejeon
Utility Global and SAMJIN E&I have announced an engineering services agreement for Utility's H2Gen project in Daejeon, South Korea.
ENGIE and European Energy start cooperation on large-scale renewable hydrogen development in Denmark
ENGIE and European Energy have entered into a cooperation agreement to advance the development of a large-scale renewable hydrogen project in Denmark.
Chinese refiners delay projects with Middle East oil supply disrupted
The delays come as the Iran conflict has crunched refiners' margins, with the Middle East oil supply disruption driving up crude prices, while they face state fuel price caps. At the same time fuel demand has weakened due to electric vehicle growth.
India launches gasoline blended with 85% ethanol at lower price
Indian automakers have started launching flex-fuel vehicles that are compatible with the higher ethanol variant.
Indian companies willing to deepen presence in Venezuela
New Delhi was the second-largest importer of Venezuelan oil in May, with purchases of 427,000 bpd.
- E.ON selects Capsol for carbon capture feasibility study in Norrköping 6/15
- Kent awarded construction management services contract in Angola 6/15
- China sets sights on heavy truck electrification in blow to diesel demand 6/15
- Fragile Iran deal offers oil relief, but Hormuz risks remain 6/15
- U.S. refiners can still absorb more Venezuelan oil, Energy Secretary Wright says 6/15
- Britain says full import ban on Russian diesel, jet fuel will happen by 2027 6/15
