Asia/Pacific
India to sign 5-year energy MoU with Guyana
India approved signing a 5-year MoU with Guyana to cooperate in the hydrocarbon sector as the South Asian nation looks to diversify its oil import sources.
Iran's oil trade with China stalls as Tehran demands higher prices
China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's biggest crude importer.
Singapore fuel oil inventories hit about five-month highs
Onshore inventories of residual fuel rose to nearly five-month highs at key trade hub Singapore this week.
China's Rongsheng, Saudi Aramco in talks to buy stake in each other's units
Chinese privately-controlled refiner Rongsheng Petrochemical and Saudi Aramco are in talks for the Chinese company to buy a 50% stake in the Saudi company's refining unit SASREF.
China crude flows to storage poised to pick up after half-year lull
China's flow of crude oil into inventories faded over the second half of last year as the world's top importer reduced purchases in response to higher prices.
India turns to Saudi as purchases of Russian oil fall in December
India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an 11-month low, with at least five cargoes of the sweet Sokol variant heading to other locations, data from vessel tracking agencies showed.
Maersk partners with Yokohama City and Mitsubishi Gas Chemical to develop green methanol bunkering infrastructure
This collaborative agreement will focus on the development of green methanol bunkering infrastructure in Yokohama as Maersk’s 16,000 TEU green methanol-powered container vessels will be delivered since 2024.
China gives most refiners full crude import quotas for 2024
China has released 179.01 MMt of crude oil import quotas for 2024, 60% more than the January batch last year as almost all the refiners received their annual allocations.
China's first 2024 refined fuel export quotas flat vs. year ago
China has issued its first refined fuel export quotas for 2024 totaling 19 MMt, a volume unchanged from last year's and largely in line with market expectations.
India's Gujarat signs investment pacts worth $18.75 B with several firms
Companies across many sectors signed initial investment pacts totaling $18.75 B for projects they will build in India's western state of Gujarat, including green hydrogen and green ammonia facilities.
- KBR to provide technology for mega-scale ammonia plant in Angola 11/25
- Indian refiners' October crude processing up over 3% y/y 11/25
- Air Liquide strengthens partnership with TotalEnergies through renewable H2 project in France 11/25
- Hexagon collaborates with Microsoft to enhance industrial operations 11/25
- China issues extra crude oil import quota to teapot refineries 11/25
- McDermott achieves ISO 50001 Certification for energy management at four fabrication yards 11/25
