Asia/Pacific
China's crude oil imports may grow only 1% in 2025, CNPC says
China's crude oil imports will likely rise only 1% this year, and the country's reliance on oil imports is projected to remain at around 70% between 2026 and 2030.
India likely to boost purchases of U.S. oil, gas following Trump's announcement
India is likely to increase its purchases of U.S. oil and gas after U.S. President Donald Trump's announcement to maximize U.S. oil and gas production.
Russian fuel exports fall in 2024 as drone attacks, bans add to sanctions pressure
Russian seaborne oil product exports fell by almost 10% in 2024 after Ukrainian drone attacks damaged major refineries and as higher funding costs and a government gasoline export ban added to pressure from Western sanctions.
India refiners ask ADNOC to offer oil delivered price as freight spikes
Indian state refiners have asked Abu Dhabi National Oil Co. (ADNOC) to offer pricing its crude on a delivered basis as well to manage costs, after fresh U.S. sanctions disrupted supplies and caused freight rates to spike.
China's 2024 low-sulfur marine fuel exports dip 1.6% vs. 2023
China's exports of low-sulfur marine fuels dipped 1.6% in 2024 from the previous year. The decline in exports emerged despite an uptick in refueling demand at key bunker ports globally, as China cut export quotas in its final batch of the year.
Indonesia expects EU to adjust palm oil biofuel stance after EU ruling
Indonesia welcomed a ruling by the World Trade Organization in a case against European Union on palm oil-based biodiesel, expecting the bloc to adjust its regulations to comply with the ruling.
China's vast refining sector faces shakeout as fuel demand peaks
Up to 10% of China's oil refining capacity faces closure in the next 10 yr as an earlier-than-expected peak in Chinese fuel demand crushes margins and Beijing's drive to wring out inefficiency begins to squeeze older and smaller plants.
Global diesel prices spike as U.S. hits Russia with new sanctions
Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia's oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data.
AM Green and DP World join forces to establish India as global hub for green molecules
AM Green, a leader in green hydrogen (H2) and ammonia production, has partnered with DP World, a global logistics leader, to create a sustainable supply chain for green fuels and chemicals.
South Korea considering buying more U.S. oil and gas
South Korea is interested in importing more U.S. oil and gas to diversify energy sources and ensure stable supplies given tensions in the Middle East.
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- Venezuela's PDVSA to keep producing, exporting and processing oil previously handled by Chevron 3/18
- Green Plains breaks ground on carbon capture compression equipment, provides update on Clean Sugar Technology™ 3/18
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- Green Plains breaks ground on carbon capture compression equipment, provides update on Clean Sugar Technology™ (2) 3/18
