Asia/Pacific
Asia's sour crude demand to rebound on completed regional refinery maintenance and upgrades
Asia's sour crude demand is set to rebound from late Q2 as refiners return from maintenance and ExxonMobil completes a Singapore refinery upgrade that is poised to increase its heavy oil use
Nippon Steel obtains new certifications for pipes/tubes used in the chemical industry
To meet its customers’ need to promote carbon neutrality, Nippon Steel Corporation has obtained five SuMPO EPD certifications based on the SuMPO Environmental Labeling Program by the Sustainable Management Promotion Organization, for its steel pipes and tubes used in the chemical industry and for boilers.
Sinochem selling bankrupt plant to independent Shandong refiner
Eastern China-based independent refiner Hongrun Petrochemical has agreed to acquire a bankrupt oil refinery operated by state-run Sinochem Group in Shandong province.
Asia's SAF ambitions exceed demand, heralding exports and potentially lowering prices
Asia's ability to supply sustainable aviation fuel will outpace regional demand this year and next as more production comes online, increasing exports and potentially lowering prices for the fuel
China made rare draw on crude oil inventories amid weak imports
China dipped slightly into crude stockpiles in the first two months of the year as refiners processed more oil and imports remained weak.
China's January–February refinery output up 2.1% on holiday travel, new refinery
China's crude oil throughput in January and February rose 2.1% vs. a year earlier, official data showed on Monday, supported by a new refinery and holiday travel, but weak refining margins persisted.
U.S., Vietnam firms sign deals on energy and minerals
Vietnamese and Americans firms have signed a series of deals on energy and minerals during a visit to the United States by Vietnam's trade minister.
Singapore marine fuel sales slip to lowest in 20 months
Singapore marine fuel sales fell to their lowest in 20 months in February.
Indian refiners turn to Latin America, Africa to replace Russian oil in Feb.
India's crude oil imports from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter U.S. sanctions.
U.S. propane exports have increased every year since 2007
U.S. propane exports averaged a record 1.8 MMbpd in 2024, the most since the U.S. Energy Information Administration (EIA) began collecting this data in 1973. U.S. propane exports increased for each of the last 17 years, with growth driven by higher demand in East Asia, mainly China, and a widening propane price differential between U.S. and global benchmarks.
- Colombia's Ecopetrol to invest up to $700 MM in SAF production plant 4/2
- Ergon to invest $400 MM to expand gasoline production at Vicksburg refinery (U.S.) 4/2
- DB Schenker to use Neste's renewable diesel to decarbonize logistics in Asia 4/2
- U.S. EPA's upcoming proposal on biofuel blending mandates to cover two years 4/2
- ExxonMobil to invest more than $100 MM in Baton Rouge upgrade to produce high-purity isopropyl alcohol 4/2
- Stockholm Exergi to begin building one of the world's largest carbon capture projects using CATACARB Enhanced HPC 4/2
