Asia/Pacific
Asian refiners ramp up output to fill supply gaps left by Harvey
SINGAPORE (Reuters) — Refiners across Asia are cranking up output to send fuel to the United States, where fallout from Hurricane Harvey has left around a quarter of the nation's refineries shut down.
Saudi Aramco to sign China's Yunnan refinery deal in 6 months
JEDDAH (Reuters) — Saudi Aramco is expected to sign a final deal with PetroChina, China's second-largest state-run refiner, within six months to invest in its Yunnan refinery, Saudi Arabia's Energy Minister Khalid al-Falih told Reuters on Wednesday.
China's July gasoline exports rose to third-highest level since 2000
BEIJING (Reuters) — China's gasoline exports in July rose 5.9% from a year ago to the third-highest monthly level since at least 2000 while diesel exports remained high, customs data showed on Wednesday.
Russia remains China's top oil supplier for 5th month in a row in July
BEIJING (Reuters) — Russia held its spot as China's top crude oil supplier for a fifth month in a row in July, with shipments up 54% over a year earlier, data showed on Wednesday.
North American exodus at PetroChina sparks speculation of company shift
NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region.
India's Reliance to boost profit, naphtha exports by using ethane
MUMBAI/SINGAPORE (Reuters) — India's Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday.
India's Essar to pay $1.18/share to minority shareholders
NEW DELHI (Reuters) — India's Essar Group will pay $1.18 apiece to the minority shareholders who tendered Essar Oil shares under a delisting offer ahead of the company's sale to a consortium led by Russian oil major Rosneft, the company said.
MOGAS to supply isolation valves from Hengli petchem complex
HOUSTON — MOGAS Industries, Inc. recently received contracts to supply severe service isolation valves to Hengli Petrochemical (Dalian) Refinery Co., Ltd for a new heavy oils construction project on ChangXing Island in Dalian City Liaoning, China.
Metso announces four new valve distribution agreements in India
Metso strengthens its presence in India with the signing of four non-exclusive distribution agreements for its valve products.
Rosneft, Trafigura close $12.9 B purchase of India's Essar Oil refinery
MUMBAI (Reuters) — Russian oil major Rosneft and partners closed their $12.9 B purchase of Indian refiner Essar Oil on Monday, giving them a foothold in one of the world's fastest growing oil users.
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- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
