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Asia/Pacific

Sinopec's Zhenhai refinery says fire at crude unit has been put out

China's Sinopec Zhenhai refinery said a fire that broke out on one of its crude distillation units (CDUs) late on Tuesday had been put out, with no casualties or injuries reported. The incident took place during the commissioning of new units in a major expansion at the plant.

China's Shandong Port, entry point for most sanctioned oil, bans U.S.-designated vessels

Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.S. embargo.

Asia's crude oil imports drop in 2024 as weak China weighs

Asia's crude oil imports dropped in 2024, the first annual decline in three years, led by weak demand from heavyweight China and other major buyers, with only India managing sparse growth.

U.S. plans more sanctions on tankers carrying Russian oil

The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude.

Brunei to Tokyo with hydrogen: A demonstration success story

The authors’ company has developed a novel technologya for the transport of large volumes of H2. This technology is based on the use of a liquid organic H2 carrier (LOHC) and utilizes both an “off-the-shelf” hydrogenation catalyst as well as a proprietary and now-proven dehydrogenation catalyst.

Russian court tells Yandex to hide images of oil refinery after Ukrainian attacks

A Russian court has ordered internet company Yandex to hide access to maps and photos of one of Russia's largest oil refineries due to repeated attacks by Ukrainian drones.

Singapore's Dec. jet fuel imports hit multi-year high on India, S. Korea supply

Singapore's jet fuel imports probably hit multi-year highs in December, with India the top supplier as the arbitrage to Europe stayed shut.

Palm oil ends with more than 5% weekly losses

Malaysian palm oil futures closed up on Friday, although they posted a 5.41% weekly decline, snapping gains from the previous week.

Indonesia's B40 palm oil delay causes market uncertainty

Indonesia has yet to implement a higher mandatory blend of biodiesel planned for Jan. 1 as industry participants await technical details of the new regulation, causing confusion among palm oil traders.

China issues 2025 crude quota to Sinochem for eastern China refineries

State-run Sinochem Group has received a crude oil import quota of 17.12 MM tonnes (t) for 2025, which will be for the group's eastern China refineries.