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Asia/Pacific

Neste, Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics

Neste and Mitsubishi Corporation (“MC”) have agreed to establish a strategic partnership focusing on developing value chains for renewable chemicals and plastics for and with Japanese brands. The partners are targeting brands in industries such as food and beverage, apparel, and consumer electronics.

Belarus' Mozyr oil refinery restoring operations after outage due to storm

The Mozyr oil refinery, one of two large oil processing plants in Belarus, is getting back on track following outages due to a storm on Sunday.

Japan to boost jet fuel production and imports amid tourism boom

Japan plans to increase jet fuel production and imports to address an increase in demand from flights amid a boom in tourism.

Tecnimont awarded green ammonia plant study in India

MAIRE announced that TECNIMONT (Integrated E&C Solutions), through its Indian subsidiary Tecnimont Private Limited (TCMPL), together with NEXTCHEM (Sustainable Technology Solutions), has been awarded an engineering design study (first phase of the front-end engineering design) contract by Sembcorp Green Hydrogen India Pvt Ltd for a green ammonia plant to be located in India.

Singapore's 1H 2024 bunker sales rise on year but June sees a monthly decline

Sales of marine bunker fuel at Singapore climbed 8.5% in 1H 2024, official data showed on Monday, as shipping disruptions in the Red Sea boosted global bunkering demand, though demand slowed month-on-month in June.

Russia may reinstate gasoline export ban from August if shortages worsen

Russia might decide to reinstate a gasoline export ban from August should there be supply shortages on the domestic fuel market.

Russian oil refineries cut processing 4% y/y in January–June

Russian oil refineries reduced their throughput in the first half of the year by 4% year on year (y/y) to 131.8 metric MMt, calculations based on data from industry sources showed on Monday, as Ukraine hit the facilities with drones.

Japan, S. Korea refiners join China in buying Canadian TMX oil

Asia's crude oil imports from Canada's newly expanded Trans Mountain pipeline will rise in September as major refiners in Japan and South Korea and a refinery in Brunei have bought their first cargoes alongside China.

bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth

bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday.

Gulf Energy Information appoints Catherine Watkins as Chief Commercial Officer to drive market expansion

Gulf Energy Information (Gulf), a premier B2B media company in the global energy sector, proudly announces the transition of Catherine Watkins from Chief Financial Officer (CFO) to Chief Commercial Officer (CCO), effective immediately. This strategic transition aligns with Gulf’s commitment to expanding market share and driving sales growth across key markets.