Asia/Pacific
India's BPCL buys first cargo of US WTI Midland oil
NEW DELHI (Reuters) — State-run Bharat Petroleum Corp has bought 1 MMbbl of low-sulfur WTI Midland grade, the first purchase of the US grade by an Indian company, through a tender, an industry source with knowledge of the deal said.
Flurry of vessels booked from Mideast to Europe after Dutch refinery outage
SINGAPORE (Reuters) — Oil traders are rushing to secure vessels to ship refined fuel from the Middle East to Europe after a Dutch refinery outage made the route profitable, pushing freight rates to multi-month highs, traders and shipbrokers said on Thursday.
Iran's oil exports to China to rise to 11-month high in August
TOKYO/SINGAPORE (Reuters) — Iran's oil exports to China may rise to the highest in 11 months in August as demand for heavier Iranian crude increased after the country cut its prices, two sources with knowledge of the matter said on Thursday.
Boxscore Construction Analysis: The state of the global downstream construction sector
In May, Lee Nichols, Editor and Associate Publisher of <i>Hydrocarbon Processing</i> and <i>Gas Processing</i>, presented a detailed, year-to-date trend analysis and review on new and active downstream construction projects around the world.
Global Project Data
<i>Hydrocarbon Processing’s</i> Construction Boxscore Database is tracking nearly 350 downstream projects with capital expenditures (CAPEX) of $1 B or greater.
Business Trends: Ethylene production economics from optional feedstocks
The petrochemicals industry is witnessing enormous growth worldwide. Ethylene is produced by cracking a range of hydrocarbons. Naphtha is the main raw material used in European and Japanese crackers, while the US utilizes ethane as its primary feedstock.
Industry Perspectives: The global reach of Hydrocarbon Processing
Since the beginning of this year, Hydrocarbon Processing has published more than 200 articles and columns. These publications include technical and trends-based articles on the hydrocarbon processing industry (HPI) within the magazine, online, in show dailies, etc.
Editorial Comment: Is the industry ready for IMO 2020?
In mid-July, hydrocarbon processing industry (HPI) professionals from around the world met in Houston, Texas for Hydrocarbon Processing’s International Petrochemical and Refining Conference (IRPC).
Asia traders consider sending diesel, jet fuel to Europe after Dutch refinery fire
SINGAPORE (Reuters) — Traders in Asia are considering shipping diesel and jet fuel to Europe after a fire at that region's largest oil refinery disrupted supplies and boosted fuel margins, five traders and shipbrokers said on Tuesday.
India refiners outshine Asia peers with new output, rising local demand
SINGAPORE/NEW DELHI (Reuters) — Indian refiners are outperforming their competitors in South Korea and Thailand as they have ramped up output from new fuel and chemical capacities to meet rising domestic demand that could further lift their earnings over the next 2 yr.
- Bechtel greenlit for Sabine Pass Liquefaction expansion in Southwest Louisiana (U.S.) 5/29
- Philippines receives rare Iranian crude cargo after wartime disruption 5/29
- Gazprom and Sibur resume talks on possible ethane project to supply additional feedstock to the Kazanorgsintez petrochemicals plant 5/29
- European Commission debates policy shift to protect industry from China 5/29
- Mitsui seeks LNG investments to meet power demand from data centers 5/29
- Kenyan government backs Gulf fuel supply deals after opposition criticism 5/29
