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Asia/Pacific

Mitsui O.S.K. Lines, Ltd. makes strategic investment in Ascension Clean Energy

MOL Clean Energy and Clean Hydrogen Works, LLC announce MCE as a Joint Venture shareholder in Ascension Clean Energy, a proposed world-scale, clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana.

Singapore May bunker sales hit over 5-year high as vessel arrivals spike

Monthly sales of marine fuel, also known as bunker fuel, hit over five-year highs at the world's largest refueling hub Singapore in May as vessel arrivals spiked amid firm container throughput, official data showed.

India soon to overtake China as largest oil demand driver

India will soon overtake China as the largest driver of global oil demand, International Energy Agency chief Fatih Birol said.

China to become oil refining juggernaut, raising global risks

China is both the biggest driver of future demand for crude oil, and the biggest risk to global refining as it will continue to hold much of the world's spare capacity.

CPGC and BASF accelerate onboard CO2 capture system development

CSSC Power Co., Ltd. and BASF have formed a solid cooperation to expedite the progress of onboard carbon capture system for commercial maritime applications.

Pakistan PM says first discounted Russian crude oil cargo arrives in Karachi

Pakistan's Prime Minister Shehbaz Sharif said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi.

Reliance suspends Sikka diesel exports due to cyclone

Reliance Industries , which operates the world's largest refining complex, has suspended exports of diesel and other oil products from India's Sikka port because of a cyclone off the west coast of the country, traders said.

China's Unipec boosts Oman crude sales, caps oil prices despite Saudi cuts

China's Unipec, the trading arm of top Asian refiner Sinopec, has emerged as a major seller of August-loading Oman crude, a move that has helped to cap benchmark prices despite Saudi Arabia's plans to cut output next month.

Oil prices fall, U.S. Fed rate decision in focus

Oil prices fell ahead of a U.S. Federal Reserve meeting as investors tried to gauge its appetite for further rate hikes and amid concerns about the prospects for Chinese demand and rising Russian supply.

Maersk secures fuel for first methanol container ship journey

Denmark's Maersk said it has secured fuel for the first container vessel able to run on carbon-neutral methanol on its inaugural journey, from South Korea to Denmark.