Asia/Pacific
Russia lacks infrastructure to replace U.S. LPG for China
Russia's exporters of liquefied petroleum gas (LPG) are unlikely to be able to provide enough LPG to make up for U.S. supplies disrupted by tariffs, traders said on Thursday, citing a lack of infrastructure.
Taiwan's Formosa cuts refinery run rate to 68% on planned maintenance
Taiwan's Formosa Petrochemical Corp. is operating its refinery at 68% capacity this month, or about 370,000 bpd, down from 70% in March due to planned maintenance on one of its refining units.
Russia's Far East oil refinery operating at full capacity after fire
An oil refinery operated by Russian oil giant Rosneft in Komsomolsk-on-Amur in the country's Far East region is producing at full capacity after a fire at the site was extinguished on Thursday.
China petchem plants face shutdown as tariffs on U.S. LPG loom
Chinese petrochemical makers that buy $11 B worth of U.S. liquefied petroleum gas (LPG) annually are poised to cut output or shut for maintenance in coming weeks as Beijing's retaliatory tariffs on U.S. imports drive up costs.
Indian Oil Corp to build $7.1-B dual-feed cracker in Odisha state
Indian Oil Corp will build a $7.1-B, 1.5-MMtpy dual-feed naphtha cracker near its Paradip refinery in Eastern Odisha state,
India's HPL to start maintenance turnaround at Haldia petrochemical complex in mid-April
HPL has a 700,000-metric ttpy ethylene plant, 491,000 tpy of chemical processing capacity and about 1 MMtpy polymer processing capacity at its manufacturing facility in Haldia in the eastern state of West Bengal.
Towngas to supply green methanol to Golden Island for Singapore bunkering operations
The Hong Kong and China Gas Co. Ltd. (Towngas), a leading provider of ISCC-certified green methanol, has announced that Singapore-based bunker supplier Golden Island Pte. Ltd. will be procuring Towngas’s green methanol for its bunkering operations in Singapore, marking a significant expansion of Towngas’s green methanol supply network across Asia.
India not to raise petrol, diesel retail prices despite tax hike
India on Monday raised excise duty on petrol and diesel without passing on higher costs to consumers, a move that would boost the government's tax collection amid falling global oil prices.
China teapot oil refiners improve run rates but demand woes, sanctions weigh
Run rates for China's struggling independent oil refiners have nudged up recently, but still face near-term pressure over tepid domestic fuel demand and supply risks from U.S. sanctions and tariffs.
Update: India's fuel demand hits 10-month high in March
India's fuel demand in March hit a 10-month high, rising 9.3% from the previous month to 20.91 MM tonnes (t).
- Rönesans Holding closes financing on $2-B PP production plant in Türkiye 4/17
- Saneg launches a company to develop business in the aviation fuel segment 4/17
- More than 100 employees leave U.S. EIA, putting crucial energy data at risk 4/17
- Russia ramps up oil products supplies to Indonesia 4/17
- India eyes ending import tax on U.S. ethane and LPG in trade talks 4/17
- Russia's diesel output to rise in May despite seasonal maintenance 4/17
