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Asia/Pacific

Korean Air introduces Cargo SAF Program

Korean Air will launch a program to use SAF for air cargo operations in cooperation with air cargo customers and forwarders.

India makes clean energy push at G20 with global biofuel alliance

India announced the launch of a global biofuel alliance at a G20 summit in New Delhi to boost the use of cleaner fuels.

Oil India plans net zero by 2040, to invest $2 B in projects

Oil India Ltd aims to invest 165 B rupees ($1.98 B) in clean energy projects to meet its 2040 net zero carbon.

Oil ticks higher as tight supply trumps macroeconomic gloom

Oil prices hovered above $90 a barrel, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty.

Singapore turns net importer of gasoil this week; distillates stocks at 5 month high

Singapore's middle distillates stocks climbed to near five-month highs after official data showed the country flipped to becoming a net importer of gasoil for the week and as jet fuel/kerosene net exports fell.

Oil falls as concerns about China outweigh extended cuts

Oil prices eased as an uncertain economic outlook for China outweighed expectations of tighter supplies from extended supply cuts in Saudi Arabia and Russia.

Net Zero: Saipem launches Bluenzyme, the most sustainable solution for CO2 capture

Saipem has launched Bluenzyme with the release of the first industrialized product, Bluenzyme 200, a ready-to-use package aimed at small and medium emitters, which has a nominal capture capacity of 200 tons of CO2 per day.

Online Exclusive: Advanced hydrocracking unit flow scheme optimization and integration approach to maximize refinery margins for a residue upgrading project

The integration of a solvent deasphalting (SDA) and hydrocracking upgrading complex provides a favorable techno-economic return for residue upgradation at relatively lower capital expenditures vs. other alternatives for a brownfield project.

Oil prices shuffle back as markets shrug off supply jitters

Oil prices reversed course after rising over 1% in the previous session, on a firmer dollar and as investors shrugged off jitters arising from supply cuts from Saudi Arabia and Russia.

India's August fuel consumption perks up on strong manufacturing

India's fuel consumption in August inched up from a 10-month low as strong factory activity in the world's third-biggest oil importer and consumer offset the usual monsoon lull.