Asia/Pacific
India's HPCL makes its first US oil purchase
NEW DELHI (Reuters) — Indian state refiner Hindustan Petroleum Corp has made its first purchase of US oil, buying high sulfur crude Mars in a tender, company chairman M. K. Surana said on Monday.
Damaged New Zealand fuel pipeline restarted
SYDNEY (Reuters) — A damaged pipeline that resulted in a fuel shortage across New Zealand and grounded hundreds of flights was restarted on Sunday after repairs were completed, officials said.
Japan's Cosmo Oil to boost diesel output to meet demand from ships from 2020
SINGAPORE (Reuters) — Japan's Cosmo Oil plans to increase diesel output at its Sakai refinery in Osaka, looking to capitalize on an expected jump in demand when a global mandate for ships to switch to cleaner fuels kicks in from 2020, its top executives said.
Enterprise: US oil exports to meet 5% of non-US global demand by 2022
SINGAPORE (Reuters) — Crude oil exports from the United States will increase to meet 5% of global demand by 2022, as refiners seek more low-sulfur crude to meet stricter rules for cleaner fuels, an executive from Enterprise Partners LP said on Monday.
China's state planner approves new oil refinery in Hebei province
BEIJING (Reuters) — The Hebei provincial division of China's National Development and Reform Commission (NDRC) said on Monday that it approved a refinery project owned by private company Risun Coal Chemicals Co.
India's refining capacity expansions lags growth in fuel demand
SINGAPORE (Reuters) — India may export fewer fuels in the next four years as growth in the demand for oil products is rising faster than new refining to produce them is being added, an Essar Oil company executive said on Monday.
Sri Lanka in talks with two Chinese firms for $3 B refinery
COLOMBO (Reuters) — Sri Lanka is in talks with two Chinese companies about investing up to $3 B to build in a new refinery at its Chinese-controlled port, a top government official said on Friday.
Japan's Idemitsu shuts Chiba naphtha cracker
TOKYO (Reuters) — Japan's Idemitsu Kosan shut the 414,000 tpy Chiba naphtha cracker on Friday to increase its capacity to process propane, an industry source familiar with the matter said.
S.Korean fuel oil exports to China rise, dent shipments from Singapore
SINGAPORE (Reuters) — Two South Korean refiners are exporting excess cargoes of residual fuel oil to nearby China, displacing some Singaporean sales of the commodity which can be used in ships and power stations, three trade sources said.
Japan fires up biomass energy, but fuel shortage looms
TOKYO (Reuters) — As the sun sets on Japan's solar energy boom, companies and investors are rushing into wood-burning biomass projects to lock in still-high government subsidies.
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