Asia/Pacific

China's April oil throughput hits lowest since August 2022, inventories rise

The run cuts were due to negative oil-processing margins, and Chinese independent refineries are expected to deepen the cuts in May despite Beijing urging small refiners to maintain fuel production.

Vietnam receives first cargo of Congo Djeno crude for Nghi Son refinery

The 200,000-bpd refinery had processed crude oil sourced almost entirely from Kuwait, but shipments have been disrupted due to the Iran war, forcing Vietnam to seek alternative suppliers.

ARENA to drive Australia's $1.1-B Cleaner Fuels Program

Japan’s first green ammonia plant based on KBR’s K-GreeN process now fully operational

Hazer and Continental Renewable Ventures sign MoU to explore low-carbon fuels projects in Australia

Premiums for Russian ESPO Blend oil weaken on poor Chinese refining margins

China and India represent the two biggest markets for Moscow, and the price moves are capping its revenues.

ADNOC signs two strategic collaboration agreements with Indian partners

The agreements build on ADNOC’s expanding partnerships with Indian companies across crude, LNG and LPG supply, as well as energy storage opportunities, supporting India’s growing energy demand and long-term economic growth.

Eneos to buy Chevron's Singapore refinery stake, Asian assets for $2.2 billion

Vietnam state oil company urges U.S. Navy to allow tanker through blockade

The U.S. military has expanded its shipping blockade on Iran to include cargoes deemed contraband, although it has said other oil exports from the Gulf are free to sail through.

To make up for shortfall, India's HPL turns to Oman naphtha

Medium-range tanker Rarity loaded about 23,000 metric tons (201,000 bbl) of naphtha for HPL late-March and discharged at the Haldia terminal on April 13.