Asia/Pacific
OPEC cuts will not impact Saudi oil supply to Japan -Saudi official
TOKYO (Reuters) -- Crude supplies to Japan from its biggest supplier Saudi Arabia will not be impacted by last year's agreement between OPEC and non-OPEC countries to cut output, a senior official of the kingdom said on Thursday.
IHS: Asia driving strong global demand for polyethylene
HOUSTON – Led by China and India, rising middle class consumers in Asia and elsewhere are driving increasing global demand for polyethylene, a key plastic, according to new research from IHS Markit. The world’s most used plastic, PE is essential for the production of numerous materials ranging from film for packaging and grocery bags, to detergent bottles and pipe for construction.
India to fill Mangalore strategic reserve with UAE oil
NEW DELHI (Reuters) -- India signed a deal with the United Arab Emirates on Wednesday that allows the Gulf nation to fill half of an underground crude oil storage facility at Mangalore that is part of New Delhi's strategic reserve system.
Japan's Idemitsu shuts desulphurisation unit after fire
TOKYO (Reuters) -- Japanese oil refiner Idemitsu Kosan Co said it conducted an emergency shutdown of a desulphurisation unit at its 200,000-bpd Chiba refinery after a fire near a heat exchanger.
Saudi Aramco shelves $27-B refining, petrochemical project JV with Petronas
KUWAIT (Reuters) -- Saudi Aramco has shelved plans for a partnership with Malaysian state-oil firm Petroliam Nasional Berhad in a $27 billion refining and petrochemical project in the southeast Asian country, industry sources familiar with the matter told Reuters on Wednesday.
Russia beats Saudi Arabia as China's top crude oil supplier in 2016
BEIJING (Reuters) -- Russia overtook Saudi Arabia in 2016 to became China's biggest crude oil supplier for the first year ever, customs data showed on Monday, boosted by robust demand from independent Chinese "teapot" refineries.
Japan's TonenGeneral refinery hit by fire, no injuries
TOKYO (Reuters) -- A fire broke out at TonenGeneral Sekiyu's Wakayama refinery in western Japan on Sunday afternoon, but no one was injured and its 132,000-bpd crude distillation unit (CDU) remained operational, a company spokesman said.
Naphtha surges as cold Asia weather pulls LPG to heating
SINGAPORE (Reuters) -- Asia's naphtha demand has surged since late 2016 as petrochemical makers are turning to the product after supplies of cheaper alternative LPG were consumed by heating demand amid cold regional weather.
CB&I awarded alkylation, hydrocracking contracts for China refinery
THE WOODLANDS, Texas -- CB&I announced it has been awarded two contracts for a grassroots refinery in China. The scope of work includes the license and engineering design of an alkylation unit and two Chevron Lummus Global (CLG) diesel hydrocracking units along with catalyst supply.
China-US trade tensions high on Big Oil's worry list
DAVOS, Switzerland (Reuters) -- Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price of oil.
- U.S. labor board judge rules Exxon's Texas refinery union lockout was legal 11/28
- U.S. crude stocks fall, gasoline and distillate inventories rise 11/28
- Maersk could use 15%–20% alternative fuels for its fleet in 2030 11/28
- Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy 11/28
- Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs 11/28
- Singapore distillates stocks tick up for fifth week 11/28
