Asia/Pacific
Bangladesh struggling to pay for fuel due to dollar shortage, letters show
Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters from the state petroleum firm show, with it warning of an "alarming decrease" in fuel reserves.
Indian Oil Corp: Middle East deals squeezed out by Russian crude
The chairman of Indian Oil Corporation, the country's top refiner by capacity, said he remained committed to term contracts with the Middle East but spot purchases from the region have fallen as more Russian crude has been imported.
Asia to drive oil demand growth in second half, says Vitol
Asia will lead oil demand growth of around 2 million bpd in the second half of the year, a senior executive at Vitol said, an increase that could potentially lead to a shortage of supply and drive up prices.
Indian Oil eyes processing bio-naphtha for petrochemicals
Indian Oil Corp., the country's top refiner, said it is looking to decarbonize its petrochemical feedstocks by introducing bio-naphtha at its crackers.
India eyes nationwide use of 1% sustainable aviation fuel by 2025
India plans to mandate the use of 1% of sustainable aviation fuel for domestic airlines by 2025 in a bid to cut emissions from the sector.India plans to mandate the use of 1% of sustainable aviation fuel for domestic airlines by 2025 in a bid to cut emissions from the sector.
China's oil refiners made rare draw on crude stockpiles in April
Chinese refiners dipped into crude oil inventories in April for the first time in 18 months, as high processing rates exceeded the volume of crude available from both imports and domestic output.
Oil rebounds on fading risk of U.S. debt default
Oil prices rebounded from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default.
Ma’aden exports blue ammonia to China’s Shenghong Petrochemicals
Saudi Arabian Mining Company (Ma’aden), announces that it has exported its first shipments of low-carbon blue ammonia to China, in a significant milestone for the company’s journey as a green leader, as it helps key markets across the globe to reduce carbon emissions from supply chains.
China's Sinopec agrees terms for potential Kazakhstan polyethylene investment
China's Sinopec and Kazakh state-owned oil and gas company KazMunayGaz have agreed key terms for a potential investment in a polyethylene plant in Kazakhstan's western Atyrau region.
Shell reports 'operational upset' at unit in Singapore complex
A unit at Shell's Pulau Bukom refinery and petrochemical complex in Singapore experienced an "operational upset".
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