Asia/Pacific
Vietnam's largest refinery to fix leaking RFCC unit by January 15
Vietnam's largest oil refinery will complete repairs needed to fix a technical problem at its residual fluid catalytic cracking (RFCC) unit by Jan. 15, two refinery sources said on Tuesday.
China issues second set of 2023 oil import quotas, up from 2022
According to the document from the Ministry of Commerce, 44 companies, mostly independent refiners, were given 111.82 MMt in import quotas in this round.
Oil dives 4%, trade choppy on worries about China, global economy
Oil prices tumbled 4% in volatile trade, pressured by weak demand data from China, a gloomy economic outlook and a stronger U.S. dollar.
China raises fuel export quotas to spur refinery output
China has raised its first batch of 2023 export quotas for refined oil products by nearly half versus a year ago, China-based consultancies said on Tuesday, to spur refinery output, capture strong export margins and adapt to slow domestic demand.
Oil hits 3-week high as China eases COVID curbs
Oil hit a three-week high on Tuesday as China's latest easing of COVID-19 restrictions spurred hopes of a demand recovery, although prices pared gains after some U.S. energy facilities shut by winter storms began to restart.
China's December refined oil exports may hit record near 7 MMt
China may close the year with record shipments of key transportation fuels in December as refiners rush to use their export quotas and maximize overseas profits to compensate for tepid domestic fuel demand caused by COVID-related curbs.
A novel deep catalytic cracking technology for residue-to-chemicals processes
Over the past two decades, annual global demands for refined products and basic petrochemicals have increased by approximately 1.3% and 3.5%, respectively.
Flexibility in catalyst technology for improved bottoms upgrading
Bottoms product from fluidized catalytic cracking (FCC) is typically one of the least valuable products from a refinery.
Industry Perspectives: Despite reaching $180 B, new project announcements are down year-over-year
Over the past year, the Global Energy Infrastructure database has tracked more than $180 B in new project announcements.
Large explosion in Taiwan's CPC Dalin oil refinery, no injuries
Fire was seen raging above the plant and thick smoke billowed into the sky above for more than an hour.
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