Asia/Pacific
China's April oil throughput hits lowest since August 2022, inventories rise
The run cuts were due to negative oil-processing margins, and Chinese independent refineries are expected to deepen the cuts in May despite Beijing urging small refiners to maintain fuel production.
Vietnam receives first cargo of Congo Djeno crude for Nghi Son refinery
The 200,000-bpd refinery had processed crude oil sourced almost entirely from Kuwait, but shipments have been disrupted due to the Iran war, forcing Vietnam to seek alternative suppliers.
Premiums for Russian ESPO Blend oil weaken on poor Chinese refining margins
China and India represent the two biggest markets for Moscow, and the price moves are capping its revenues.
ADNOC signs two strategic collaboration agreements with Indian partners
The agreements build on ADNOC’s expanding partnerships with Indian companies across crude, LNG and LPG supply, as well as energy storage opportunities, supporting India’s growing energy demand and long-term economic growth.
Current Digital Edition
Sign up to Receive Our Newsletter
Latest News
- WinGD secures world-first ethanol-fueled engine orders for ocean-going ships 5/19
- Aster to invest $80 MM to expand ethylene export capacity at complex in Singapore 5/19
- Energy Transfer withdraws air permit application for $1.8-B petrochemical complex in Texas 5/19
- Green eFuels Producers receive financial backing for first-of-its-kind wastewater-to-green-methanol plant 5/19
- Coega awards electrolyzer cell technology deal to Topsoe for $5.8-B South African green ammonia project 5/19
- bp comments on union's walkout during Whiting refinery workforce negotiations 5/19
Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
