Asia/Pacific
China's October crude oil imports rise 8.2% year-on-year, refinery utilization rates highest of year
China's seaborne crude imports rose to 10.4 MMbpd in October, up 6% from September and 9% year-on-year, as refiners ramped up throughput on improving margins.
PetroChina to phase out 19 old refining, chemical units to curb sector glut
The world's second-largest oil consumer is facing a faster-than-expected peak in fuel demand due to rapid electrification of its transportation fleet and a petrochemical sector that is plagued by excess capacity and poor margins.
BLYB successfully uses refinery ethane as a stable feedstock in the complex's ethylene cracking unit
Ship carrying Russian naphtha to India in limbo after U.S. sanctions
Following new Ukraine-related U.S. sanctions on Russia last week, Indian refiners said they were ready to sharply curtail Russian oil imports, as New Delhi already faces punishing 50% tariffs on its exports to the United States.
Russia-backed sanctioned Indian refiner boosts crude runs to 90%
Oil processing at Nayara's 400,000-bpd western India plant dropped to 70%–80% after the EU sanctioned it in July, denting its exports and leading suppliers such as Iraq and Saudi Arabia to halt crude sales to the company.
- Westlake Polyethylene achieves ISCC PLUS Certification at Sulphur, Louisiana (U.S.) site 11/7
- Transition Industries, Mitsubishi Gas Chemical sign PSA for ultra-low carbon methanol 11/7
- Malaysia's used cooking oil exports to face pressure in 2026 on domestic SAF production 11/7
- U.S. EPA approves 14 small refinery biofuel waivers 11/7
- China's October crude oil imports rise 8.2% year-on-year, refinery utilization rates highest of year 11/7
- U.S. urges Europe to stick to oil and gas, not renewables 11/7
