Asia/Pacific

Marine fuel sales in Singapore bunker hub scale fresh highs in 2025

Marine fuel sales scaled new highs in the world's largest bunker hub of Singapore during 2025, the Maritime and Port Authority of Singapore (MPA) said on Tuesday, supported by resilient global trade and fuel offtake.

Indonesia president inaugurates Balikpapan refinery upgrade worth $7.4 B

Vitol, Trafigura offer Venezuelan oil to Indian, Chinese refiners for March delivery

The global commodities traders confirmed on Friday they had struck agreements with the U.S. government to help market stranded Venezuelan oil, days after the interim government in Caracas agreed to export up to 50 MMbbl of crude oil to the U.S.

India's Reliance in talks for U.S. permit to buy Venezuelan oil

Reliance's representatives are in discussions with the U.S. State and Treasury departments to obtain the authorization, the sources said, as Washington and Caracas progress in negotiations to ship 50 MMbbl of oil in the aftermath of the U.S. capture of President Nicolas Maduro.

Aether Fuels receives millions of additional funding to accelerate SAF production in Singapore

India's Reliance Industries will consider buying Venezuelan oil

Caracas and Washington have reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States after U.S. forces captured President Nicolas Maduro on January 3.

U.S. West Coast jet fuel's premium to Asia near its widest in nearly 2 yrs

The premium for prompt U.S. West Coast jet fuel to Asia has reached its widest in nearly 2 yrs, LSEG data showed on Thursday, as refinery outages curbed U.S. supply and slower Chinese demand increased the fuel's availability in Asia.

Larsen & Toubro delivers first feed to HPCL's 3.55-MMtpy LC-Max residue upgrading facility

Chinese refiners expected to replace Venezuelan oil with Iranian crude

Caracas and Washington agreed to export up to $2 B worth of Venezuelan crude to the United States, President Donald Trump said on Tuesday, after U.S. forces captured Venezuelan President Nicolas Maduro over the weekend.

India's January Russian oil imports may fall sharply as Reliance expects no deliveries

India emerged as the biggest buyer of discounted Russian seaborne crude following the start of the Ukraine war in 2022. The purchases have fueled a backlash from Western nations.