Asia/Pacific

Opinion: Is the Iran war just an energy shock—or a turning point?

At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.

China sets sights on heavy truck electrification in blow to diesel demand

By 2030, EVs will make up 40% of new heavy truck sales in China and 20% of the total fleet, or 1.6 MM vehicles.

Indonesia raises price of widely used fuel by 32%, adds to cost-of-living concerns

China learns to live on less fuel, to the relief of oil markets

Gasoline sales at Sinopec, which runs China's biggest network of petrol stations and is the world's largest refiner, dropped 8% on-year in April while diesel fell 6%.

Chinese refiners delay projects due to Middle East oil supply disruption

Utility Global signs first commercial project agreement in South Korea for H2Gen Project in Daejeon

Utility Global and SAMJIN E&I have announced an engineering services agreement for Utility's H2Gen project in Daejeon, South Korea.

ENGIE and European Energy start cooperation on large-scale renewable hydrogen development in Denmark

ENGIE and European Energy have entered into a cooperation agreement to advance the development of a large-scale renewable hydrogen project in Denmark.

Celanese to optimize engineered materials compounding footprint in Asia region

Chinese refiners delay projects with Middle East oil supply disrupted

The delays come as the Iran conflict has crunched refiners' margins, with the Middle East oil supply disruption driving up crude prices, while they face state fuel price caps. At the same time fuel demand has weakened due to electric vehicle growth.

India launches gasoline blended with 85% ethanol at lower price

Indian automakers have started launching flex-fuel vehicles that are compatible with the higher ethanol variant.