Asia/Pacific
Saudi Arabia was top buyer of Russian fuel oil and VGO in November
Saudi Arabia was the top destination for Russian sea-borne fuel oil and vacuum gasoil (VGO) exports in November, according to traders and LSEG data.
India's BPCL buys first Argentinian crude oil cargo for Feb. delivery
India's Bharat Petroleum Corp Ltd. (BPCL) has bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its refineries.
Sinopec's Zhenhai oil refinery expands capacity to 40 MMtpy
Sinopec's Zhenhai refinery has completed its expansion of oil refining capacity to 40 metric MMtpy, or about 800,000 bpd.
Oil via Russia's Druzhba pipeline halted by technical problems
Russian and Kazakh oil flows to Hungary, Slovakia, the Czech Republic and Germany via the Druzhba pipeline have stopped since Thursday due to technical problems at a Russian pumping station.
India to surpass China as the top source of global oil consumption growth in 2024 and 2025
India has emerged as the leading source of growth in global oil consumption in 2024 and 2025, overtaking China this year, according to the U.S. EIA's December Short-Term Energy Outlook.
NextChem awarded licensing contract for 60,000-tpy SAF plant in Indonesia
NextChem (Sustainable Technology Solutions) has been awarded the licensing and the Process Design Package for a 60,000-tpy sustainable aviation fuel plant located in Sei Mangkei, North Sumatra Province, Indonesia. This will be the first plant that will produce SAF with high efficiency, mainly from palm oil mill effluent (POME), enabling the full valorization of this feedstock in the country.
Asahi Kasei receives governmental support to expand manufacturing capacity for green H2 production equipment
Asahi Kasei has received governmental support for the expansion of its manufacturing capacity for cell frames and membranes of alkaline water electrolyzers for the production of green hydrogen (H2) at its plant site in Kawasaki, Japan.
Sinopec: China's oil consumption to peak by 2027
China's oil consumption is set to peak by 2027, state refining giant Sinopec said on Thursday, as diesel and gasoline demand weaken in the world's biggest oil importer, a slowdown that has rattled global oil markets this year.
Bureau Veritas, Samsung Heavy Industries partner to develop CCS solutions
Bureau Veritas Marine & Offshore (BV), a world leader in testing, inspection, and certification, is partnering with Samsung Heavy Industries Co. Ltd. (SHI), a leading global shipbuilding and offshore engineering company, to develop floating carbon dioxide (CO2) storage units (FCSUs) and carbon capture and storage (CCS) projects in the Republic of Korea, with the aim to significantly reduce greenhouse gas (GHG) emissions.
Indonesia's higher biodiesel mandate rollout may be gradual, industry watchers say
Indonesia's plan to expand its biodiesel mandate from Jan. 1, which has fueled concerns it could curb global palm oil supplies, looks increasingly likely to be implemented gradually, analysts said, as industry participants seek a phase-in period.
- John Cockerill, Johnson Matthey and ETFuels partner for 120,000-tpy Texas (U.S.) e-methanol project 12/24
- Saudi Arabia was top buyer of Russian fuel oil and VGO in November 12/23
- Digital Exclusive (sponsored): NXRe™: A novel recycling technology to support the plastics industry in creating efficient and effective circular value chains 12/22
- Portugal's Galp plans to start producing biofuels in 2026 12/20
- Prax and Shell call off deal on stake in PCK Schwedt oil refinery 12/20
- Nigeria's Dangote Refinery hits 85% refining capacity 12/20
