Asia/Pacific
China still storing crude oil even as refinery runs rise
Despite the decline in surplus oil, the key point is that refiners are still likely adding to stockpiles, which will allow them to trim imports should prices rise to levels they believe are not justified by market fundamentals.
China's CNAF to invest in private Chinese SAF plant
This marks CNAF's second such investment in a privately-controlled "green" jet fuel maker.
Sanctions-hit Indian refiner Nayara in talks with govt to sustain operations
Russia-backed Indian refiner Nayara Energy is talking to government authorities and partners to maintain operational stability of its 400,000-bpd refinery and fuel supplies despite EU sanctions hurting the supply chain.
China's ethylene capacity to hit 100 million tons by end-2028
China will add 40 million metric tons of ethylene capacity between 2025 and 2028, taking total capacity for the key plastic industry building block to 100 million tons by the end of the period, a Sinopec executive said on Thursday.
Idemitsu restarts Yokkaichi's No. 3 CDU on Aug 11 after maintenance
Japanese oil refiner Idemitsu Kosan restarted the 155,000-bpd No.3 crude distillation unit at its Yokkaichi refinery in central Japan on August 11, following scheduled maintenance, a company spokesperson said.
Vietnam's Binh Son Refining and Petrochemical buys 1 MMbbls of oil from the U.S.
Vietnam's Binh Son Refining and Petrochemical has bought 1 MMbbls of U.S. West Texas Intermediate crude for November delivery, the country's first U.S. oil purchase in 2025.
South Korea to announce plan to restructure petrochemical sector facing 'grave' situation
South Korea's government will announce a plan this month to restructure the country's petrochemical sector, which is in a "grave" situation, Industry Minister Kim Jung-kwan said.
China's petrochemical sector set to expand even as losses deepen
A key segment of China's petrochemical sector is set to expand by almost half between now and 2028 even as growing competition in the broader refining sector slashes profits.
India's Reliance makes rare fuel oil purchase from HPCL
Reliance Industries has in recent weeks made rare fuel oil purchases from state-run Hindustan Petroleum Corp. The purchases suggest the operator of the world's largest refining complex is diversifying its fuel oil sources as India comes under heavy pressure from the U.S. over its energy ties with Russia.
Japan's Eneos shuts 77,000-bpd Kawasaki No.3 CDU for maintenance
Japan's biggest refiner, Eneos Corp, has shut the 77,000 barrel-per-day No. 3 crude distillation unit at its Kawasaki refinery, near Tokyo, on August 9 for scheduled maintenance
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
