Asia/Pacific
China’s refined oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 MM tonnes (t) (7.98 MMbpd) and is expected to fall 1.3% to 394 MMt in 2024, the CNPC Economics & Technology Research Institute said on Friday
Iranian oil prices to China hit new multi-year highs as sanctions hit shipping
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs.
Samsung E&A awarded $955-MM contract for 650,000-tpy biofuels plant in Malaysia
SAMSUNG E&A announced that it secured the EPCC contract for a 650,000-tpy biorefinery that will have the capability to produce sustainable aviation fuel and other biofuels such as renewable diesel/hydrogenated vegetable oil. This biorefinery will be located within PETRONAS’ Pengerang Integrated Complex, Johor, Malaysia.
Rosneft, Reliance agree to biggest ever India-Russia oil supply deal
Russia's state oil firm Rosneft has agreed to supply nearly 500,000 bpd of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries.
Global diesel prices to rely on refinery closures for support in 2025
The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting current weakness and structural downward pressure as the world shifts to cleaner fuels.
Liquid Wind and SAMSUNG E&A partner to accelerate development of eFuel facilities
Liquid Wind and SAMSUNG E&A are entering into a collaboration agreement to accelerate the development of eFuel facilities outside of Europe, in Asia, Africa and the Middle East.
Novatek naphtha exports from Ust-Luga hit record 530,000 t in Nov.
Russia's Novatek increased naphtha exports from its Ust-Luga complex in the Baltic Sea to a record high 530,000 tonnes in November.
Russian oil flow to Czech Republic expected to resume after halt
Russian oil flows to the Czech Republic via the Druzhba pipeline were seen resuming on Friday after payment issues linked to the transit via Ukraine, which caused a halt, have been sorted.
Russia's November seaborne diesel exports rise as production increases
Russia's seaborne diesel and gasoil exports rose in November on increased fuel production following a reduction in seasonal and unplanned refinery maintenance.
Asahi Kasei technology licensee begins production of high-purity carbonates using CO2
Jiangsu Sailboat Petrochemical (Sailboat) has begun commercial operation of a new carbonates plant in Lianyungang, Jiangsu Province, China.
- U.S. oil, biofuel group recommends 5.25 Bgal in biomass diesel mandates 4/11
- Ukraine will add bioethanol to petrol from May, seeks first imports from EU 4/11
- UN shipping agency strikes deal on fuel emissions, CO2 fees 4/11
- S&P analysis: Global refined product demand growth likely to weaken, absolute decline cannot be ruled out 4/11
- U.S. targets China oil storage terminal in new Iran-related sanctions 4/11
- Russia's Novatek plans condensate processing complex in Murmansk 4/11
