Asia/Pacific
Asian traders look to snap up US crude in wake of Hurricane Harvey
SINGAPORE (Reuters) — Some oil traders in Asia are looking to snap up crude cargoes from the United States after Hurricane Harvey closed US refineries, denting local demand and pushing out the price spread between U.S and Atlantic Basin crude benchmarks.
S.Korea's KPIC shuts naphtha cracker due to unplanned flaring
SEOUL (Reuters) — South Korea’s Korea Petroleum Industries Co (KPIC) on Tuesday shut down its naphtha cracker due to an unplanned flaring incident, an industry source with direct knowledge of the matter said.
TOYO awarded petrochemical project in Indonesia
Toyo Engineering Group (TOYO) has been awarded a construction project from PT Chandra Asri Petrochemical Tbk (CAP), Indonesia's largest petrochemical company.
Japan proposes oil refiners must raise fuel oil processing capacity at plants
TOKYO (Reuters) — Japan is proposing its oil refineries increase the amount of residual fuel oil processed at the plants in a third round of directives to streamline the nation’s refining sector.
Indonesia's Pertamina receives first license to export gasoil
SINGAPORE/JAKARTA (Reuters) — Indonesia's Pertamina has received a license from the government to export gasoil for the first time, three sources close to the matter said on Monday, although the state oil company is planning to prioritize domestic sales if possible.
Russia says its oil supplies to North Korea are negligible
XIAMEN, China (Reuters) — President Vladimir Putin said on Tuesday that Russian oil supplies to North Korea were negligible, responding to heightened international scrutiny of the ties between Moscow and the leadership in Pyongyang.
US crude rises, gasoline falls as refineries restart
LONDON (Reuters) — US oil prices rose on Tuesday and gasoline fell as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude and eased fears of a fuel supply crunch.
India starts exporting diesel to Myanmar
NEW DELHI (Reuters) — India has started exporting diesel to Myanmar via a land route, in a boost to Prime Minister Narendra Modi's pledge to enhance hydrocarbon trade with neighboring countries.
China to move chemical plants out of populous urban regions
BEIJING (Reuters) — China will relocate all chemical plants out of urban areas by 2020, the country’s cabinet said in statement on its website, following a blast from a major refinery in Dalian.
Guangxi Petrochemical revamps hydrogen unit with Honeywell UOP technology
DES PLAINES, Ill. — Honeywell announced that CNPC Guangxi Petrochemical Company has successfully converted its existing pressure swing adsorption (PSA) unit to Honeywell UOP Polybed PSA technology, enabling it to produce high-purity hydrogen.
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