Asia/Pacific
Indian refiner MRPL to phase out exports as it adds retail outlets
India's Mangalore Refinery and Petrochemicals Ltd plans to phase out fuel exports in the next two to three years as it expands its local retail network to diversify its sources of revenue, its managing director said.
Oil dips further as China worries counter supply cuts
Oil prices dipped as concerns about China's faltering economic recovery and a stronger dollar took the momentum out of seven weeks of gains on tight supply.
Singapore July bunker sales rebound as container throughput firms
Singapore's marine fuel sales, also known as bunker sales, rebounded in July after a sharp decline in June, while monthly container throughput hit a year-to-date high, official data showed.
thyssenkrupp Uhde and Orica slash greenhouse gas emissions in Newcastle, Australia
hyssenkrupp Uhde and Orica have successfully completed the Kooragang Island Decarbonization Project in Newcastle, Australia with the successful commissioning of thyssenkrupp Uhde’s effective EnviNOx technology to reduce greenhouse gas emissions at Orica’s three on-site nitric acid plants.
Saudi Aramco to supply full oil volumes to Asia in September
Saudi Aramco has informed customers in North Asia that they will receive the full volumes of crude oil they requested for September, multiple sources said, even as the unilateral voluntary output cut by the kingdom has been extended.
IEA lowers forecast for oil demand growth in 2024
The International Energy Agency said demand growth for oil next year will be slower than previously forecast, citing lackluster macroeconomic conditions, post-pandemic recovery running out of steam and burgeoning use of electric vehicles.
Singapore's middle distillates stockpiles steady; imports rise
Singapore's middle distillates stockpiles were little changed as an uptick in weekly imports for both gasoil and jet fuel/kerosene capped drawdowns.
China crude oil demand slips by 18.8% in July
Oil prices hit new peaks with global benchmark Brent crude hitting its highest since January after a steep drawdown in U.S. fuel stockpiles helped offset some concerns of weaker demand from China.
Sarens replaces E451 heat exchanger at Hengyuan Refinery's oil plant in Port Dickson, Malaysia
Sarens has participated in the renovation and upgrading of the Hengyuan Refinery oil plant facilities by replacing the E451 heat exchanger with a new unit.
Hyundai Engineering & Construction awarded contract for petchem expansion at the SATORP Refinery in Saudi Arabia
Hyundai Engineering & Construction Co., Ltd. has been awarded contracts for two EPC packages related to a petrochemical expansion at the SATORP refinery in Jubail, Saudi Arabia.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
