Asia/Pacific
Global Project Data
This special installment of Global Project Data focuses on the global refining sector.
Industry Metrics
European refining margins rose as refineries completed maintenance and recovered from the negative impact of the France strikes.
Editorial Comment: Refining overcapacity—will the trend continue?
In September 2015, the Editorial Comment centered on the theme of overcapacity.
Column: Asian refinery wars - China, India gain market share
China's surging exports of refined fuels have cut profit margins for Asia's refiners, but the pain is unlikely to be shared equally across all the region's exporters of oil products.
China's parliament proposes new environmental tax benefits
China's parliament has proposed increasing tax benefits for companies that cut pollution by more than the national standard.
Chevron and ENN sign LNG sales and purchase agreement
Chevron USA Inc. signed a binding LNG sales and purchase agreementwith ENN LNG Trading Company Ltd. for the delivery of LNG to China from Chevron’s global supply portfolio.
Japan's JX, TonenGeneral merger deal imminent
Japan's JX Holdings and TonenGeneral Sekiyu are set to finalize details Wednesday, August 31 for a new merged company to be formed in April 2017.
Profit at China's Sinopec slumps 21.6% in first half
Sinopec said its net profit fell 21.6% in the first half of 2016, hurt by a steep decline in international oil prices.
Saudi Aramco could reduce stake in $5.5 B Indonesia refinery project
Aramco has asked to cut its share of the project to upgrade a refinery in Cilacap in the province of Central Java to 30% from 45%
China refiners, petrochemical companies to benchmark CO2
China's oil refining, petrochemical and chemical companies will propose a plan to benchmark their CO2 emissions as the first step toward setting up an emissions market for the sector.
- 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
