Asia/Pacific
Global oil refiners see short-term boost from higher margins
Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed to meet peak summer demand.
Mitsubishi Gas Chemical, Mitsui O.S.K. Lines receive delivery of dual-fuel methanol carrier from HD Hyundai Mipo
Mitsubishi Gas Chemical Co. Inc. (MGC) has announced that a dual-fuel methanol carrier chartered from Mitsui O.S.K. Lines Ltd. (MOL) on a long-term basis was delivered at the HD Hyundai Mipo shipyard on May 30.
Sinopec sets up $690-MM hydrogen-energy-focused venture capital fund
China’s state oil and gas major Sinopec has established a venture capital fund focused on hydrogen energy, with an initial size of 5 billion yuan ($690 MM).
Lotte Chemical Titan signs contract to buy naphtha from Aramco Trading Singapore
Malaysia's Lotte Chemical Titan has signed a three-year contract to buy naphtha from Aramco Trading Singapore starting in July 2025 and running to June 2028, the company said.
India's May diesel exports to Southeast Asia seen at multi-year highs on higher margins
India's diesel exports to Southeast Asia for May are expected to be the highest in at least four years, as traders eyed higher profits in Asia and as higher freight costs deterred shipments to Europe.
U.S. ethane exports to China hit new roadblock with license requirement
Chinese purchases of U.S. ethane, a key petrochemical feedstock, face fresh uncertainty after the U.S. Commerce Department told exporters to seek licenses to export to China
Hitachi Energy provides solution for Chinese green hydrogen-ammonia-methanol integrated project
Hitachi Energy has delivered rectifier transformers for electrolytic hydrogen to a hydrogen industry park built by China Energy Engineering Corporation (CEEC) in Songyuan, a city in northeast China.
Japan's Cosmo Oil undergoes unplanned shutdown of No. 2 CDU in Chiba refinery
Japan's Cosmo Oil, a unit of Cosmo Energy Holdings, underwent an unplanned shutdown of the 102,000-bpd No. 2 crude distillation unit (CDU) at the Chiba refinery, near Tokyo
Asia jet fuel exports to U.S. West Coast to hit 1-year high in May
Asia's jet fuel exports to the U.S. West Coast (USWC) are expected to hit at least a one-year high in May, according to shiptracking data and three trade sources, as refinery outages in California boosted prices and import demand.
Japan's Eneos says unplanned shutdown began at 145,000-bpd Sendai CDU on May 23
Japan's biggest refiner, Eneos Corp., experienced an unplanned shutdown of the 145,000-bpd crude distillation unit (CDU) at its Sendai refinery in northern Japan, starting May 23.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
