Asia/Pacific
India's Reliance wins U.S. license for Venezuelan oil
A general license authorizes the purchase, exportation, and sale of Venezuelan-origin oil that has already been extracted, including the refining of such oil.
Singapore light distillates stocks hit over 3-yr high on robust imports
Singapore light distillate stocks swelled to the highest level since July 2022 this week amid high supplies of naphtha and gasoline while demand for both products was lower-than-expected.
China's epic renewables boom lifts it into rare clean capacity club
Asia/Pacific
/ Carbon Management
/ Environment
/ Europe
/ Greenhouse Gases
/ Natural Gas
/ Refining
/ Renewables
/ U.S.
With 73 GW more clean capacity than fossil fuel capacity in use, China now has 51% of its power fleet drawing from clean sources and joins the ranks of Brazil, France and Germany as major economies powered mainly by clean energy sources.
Vietnam's largest refinery to operate at 120%–125% of designed capacity in Q1
The 200,000-bpd refinery plans to produce 2 MMt of refined petroleum products in the January–March period.
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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
