Asia/Pacific
Singapore middle distillates stocks near 6-month high despite exports
Singapore's middle distillates inventories hit a near six-month high, official data showed, as jet fuel/kerosene net exports were little changed despite rising gasoil net exports week-on-week.
Italy's Eni and LG Chem team up for biorefinery in South Korea
The sustainable mobility unit of Italy's Eni and petrochemicals maker LG Chem have teamed up to explore the potential development of a biorefinery in South Korea.
Singapore August bunker sales dip 5.8% from July
Singapore's marine fuel sales, also known as bunker sales, retreated in August as vessel calls and container throughput fell from July.
OPEC says IEA estimate of peak fossil fuel demand by 2030 not 'fact-based'
The Organization of the Petroleum Exporting Countries said data-based forecasts do not support the International Energy Agency's projection that demand for fossil fuels would peak in 2030.
Global diesel shortage boosts prices
Global distillate fuel oil inventories remain much lower than normal for the time of year which is putting strong upward pressure on fuel prices.
Vietnam's Dung Quat refinery to close for maintenance in March–April
Vietnam's Binh Son Refining and Petrochemical will shut down its 130,000-bpd Dung Quat refinery in March and April next year for major maintenance.
Evonik expands catalyst production in China
Evonik Industries has completed the relocation and expansion of its precious metal powder catalyst plant in Shanghai Chemical Industrial Park (SCIP).
As Saudi oil cuts raise prices, Asia refineries buy elsewhere
Refiners across the top-importing region of Asia are being forced to adapt buying patterns as the additional output cuts by Saudi Arabia have reduced availability of their preferred medium sour grades of crude.
'Say bye to diesel': India warns automakers of higher taxes in pollution fight
India's road transport minister on Tuesday said he will propose an additional 10% tax on diesel vehicles and warned automakers of even higher levies to come to force them away from diesel-burners and cut fuel emissions and pollution.
Gasoline, diesel vehicles dominate India's auto market, EVs lag
India's road transport minister warned local and foreign automakers to either cut production of polluting diesel vehicles or face higher taxes and levies, setting alarm bells ringing in the world's third-largest car market.
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- Trelleborg partners with Airbus on hydrogen-powered air travel 7/16
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- Vale, Komatsu and Cummins announce collaboration to develop dual-fuel large trucks, powered by ethanol and diesel 7/16
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- Belarus' Mozyr oil refinery restoring operations after outage due to storm 7/16
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