Asia/Pacific
Russia surpasses UAE as India's top naphtha supplier amid discounts
Russia has overtaken the UAE to become India's top naphtha supplier, data shows, as New Delhi takes advantage of discounted Russian oil products and the re-routing of trade flows in the aftermath of Moscow's Ukraine invasion.
Singapore's middle distillates stocks near 2-year high on lower gasoil net exports
Singapore's middle distillates stockpiles hovered around a two-year high, tracking declines in net gasoil exports, though a rise in jet fuel/kerosene net exports slowed down the overall inventory pile up.
U.S. energy company HIF Global, Japan's Eneos to explore cooperation in e-fuels
Houston-based e-fuel producer HIF Global and Japanese oil refiner Eneos Holdings will explore cooperating on e-fuels production and distribution, the companies said, in HIF's second such deal in the Japanese market.
India buys less Russian oil while Turkey increases its purchases
India's share of Russian Urals oil shipments in September declined from August amid refinery maintenance, while Turkey increased purchases due to a shortage of sour barrels in the Mediterranean.
Lummus' Green Circle announces agreement for advanced plastic recycling technology with Dongyang Environment Group
Lummus Technology, a global provider of process technologies and value-driven energy solutions, has announced an agreement with Dongyang Environment Group to deploy Lummus' advanced plastics recycling technology in South Korea.
Malaysia mulls expansion of B10 biodiesel usage to industrial sector
Malaysia is considering expansion of its B10 biodiesel program, which requires the mandatory use of 10% palm oil, to the industrial sector.
India increases windfall tax on petroleum crude, reduces tax on aviation turbine fuel and diesel
The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel, according to a government notification.
Cnergyico imports Pakistan's first private-sector Russian crude cargo
Pakistan refiner Cnergyico has imported the country's first private-sector shipment of Russian crude oil as the cash-strapped nation takes advantage of Moscow's discounts on its oil exports.
Singapore Exchange launches its first ammonia futures contracts
The Singapore Exchange launched its first ammonia swap and futures contracts aimed at meeting hedging needs from the power sector as interest in the energy- transition fuel grows.
ADNOC top exec says oil and gas could remain relevant until 2050
Oil and gas will remain a relevant part of the energy mix until potentially 2050, Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at Abu Dhabi National Oil Company said during an energy conference in Abu Dhabi.
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- Trelleborg partners with Airbus on hydrogen-powered air travel 7/16
- Neste, Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics 7/16
- Vale, Komatsu and Cummins announce collaboration to develop dual-fuel large trucks, powered by ethanol and diesel 7/16
- Mexico–U.S. energy trade value fell in 2023 on lower fuel prices 7/16
- Belarus' Mozyr oil refinery restoring operations after outage due to storm 7/16
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- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
