Asia/Pacific
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.
South Korea's GS Caltex plans Yeosu refinery maintenance in late February
The maintenance at its 330,000-bpd crude distillation unit is expected to last for around 30 days
Thai cabinet approves collection of carbon tax
Thailand's cabinet agreed to levy a carbon tax of 200 baht/ton ($5.88/ton) of carbon emissions as part of the country's efforts to reduce GHG emissions. Products to be subject to the carbon price mechanism include gasoline, kerosene, jet fuel, diesel biodiesel, LPG and others.
Asia's fuel oil premiums more than double as Russian sanctions spark supply risks
Spot premiums of fuel oil have more than doubled in Asia ever since the U.S. imposed broader sanctions on Russian oil and tankers, clouding the supply outlook.
China's crude oil imports may grow only 1% in 2025, CNPC says
China's crude oil imports will likely rise only 1% this year, and the country's reliance on oil imports is projected to remain at around 70% between 2026 and 2030.
India likely to boost purchases of U.S. oil, gas following Trump's announcement
India is likely to increase its purchases of U.S. oil and gas after U.S. President Donald Trump's announcement to maximize U.S. oil and gas production.
Russian fuel exports fall in 2024 as drone attacks, bans add to sanctions pressure
Russian seaborne oil product exports fell by almost 10% in 2024 after Ukrainian drone attacks damaged major refineries and as higher funding costs and a government gasoline export ban added to pressure from Western sanctions.
India refiners ask ADNOC to offer oil delivered price as freight spikes
Indian state refiners have asked Abu Dhabi National Oil Co. (ADNOC) to offer pricing its crude on a delivered basis as well to manage costs, after fresh U.S. sanctions disrupted supplies and caused freight rates to spike.
China's 2024 low-sulfur marine fuel exports dip 1.6% vs. 2023
China's exports of low-sulfur marine fuels dipped 1.6% in 2024 from the previous year. The decline in exports emerged despite an uptick in refueling demand at key bunker ports globally, as China cut export quotas in its final batch of the year.
- Petron to use Verdagy's electrolyzers to power its biorefinery for SAF, renewable diesel and e-methanol production 1/23
- Evonik, Oerlikon Barmag partner to promote chemically recycled PET 1/23
- Ren-Gas selects MAN Energy Solutions’ methanation technology for its Tampere eMethane plant 1/23
- Mitsubishi integrates phased array ultrasonic testing into steam turbine maintenance 1/23
- European glut weighs on global gasoline margins 1/23
- India's BPCL sees March Russian oil intake down 20% as it awaits offers 1/23
