Asia/Pacific

Indian companies willing to deepen presence in Venezuela

New Delhi was the second-largest importer of Venezuelan oil in May, with purchases of 427,000 bpd.

Japan steps up efforts on cooking oil in race for sustainable aviation fuel

The flurry to collect cooking oil highlights the challenge for the aviation industry, one of the biggest emitters of greenhouse gas, in trying to reduce its carbon footprint.

Indian refiner Nayara says Vadinar refinery turnaround completed

Nayara's Vadinar refinery accounts for about 8% of India's total refining capacity and approximately 7% of its retail fuel network.

South Korea jet fuel exports rebound in May to pre-war levels

The rebound from one of Asia's top fuel exporters, seen in a slew of spot cargo sales, has helped ease concerns about tight supply and done much to cool prices in the region.

INEOS Energy signs LNG supply agreement with Marubeni Corporation for delivery into Asia from 2029

China seen tapping deeper into oil stockpiles as imports hit decade-low

China allows output cuts by some money-losing independent refiners

Some refiners in the eastern province of Shandong, popularly called teapots, were told recently that they can cut output to no lower than 80% of last year's monthly average.

Petrovietnam says supertanker with Iraqi oil arrives at refinery port

bp sells 5% stake in Australian Browse LNG project to South Korea's GS Energy

China's crude oil imports slump, but it's economics not altruism

The collapse in China's imports is being framed in media and market commentary as helping Asia adjust to the loss of at least 10 MMbpd of crude from the effective closure of the Strait of Hormuz.