Asia/Pacific
Oil ticks higher as tight supply trumps macroeconomic gloom
Oil prices hovered above $90 a barrel, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty.
Singapore turns net importer of gasoil this week; distillates stocks at 5 month high
Singapore's middle distillates stocks climbed to near five-month highs after official data showed the country flipped to becoming a net importer of gasoil for the week and as jet fuel/kerosene net exports fell.
Oil falls as concerns about China outweigh extended cuts
Oil prices eased as an uncertain economic outlook for China outweighed expectations of tighter supplies from extended supply cuts in Saudi Arabia and Russia.
Net Zero: Saipem launches Bluenzyme, the most sustainable solution for CO2 capture
Saipem has launched Bluenzyme with the release of the first industrialized product, Bluenzyme 200, a ready-to-use package aimed at small and medium emitters, which has a nominal capture capacity of 200 tons of CO2 per day.
Online Exclusive: Advanced hydrocracking unit flow scheme optimization and integration approach to maximize refinery margins for a residue upgrading project
The integration of a solvent deasphalting (SDA) and hydrocracking upgrading complex provides a favorable techno-economic return for residue upgradation at relatively lower capital expenditures vs. other alternatives for a brownfield project.
Oil prices shuffle back as markets shrug off supply jitters
Oil prices reversed course after rising over 1% in the previous session, on a firmer dollar and as investors shrugged off jitters arising from supply cuts from Saudi Arabia and Russia.
India's August fuel consumption perks up on strong manufacturing
India's fuel consumption in August inched up from a 10-month low as strong factory activity in the world's third-biggest oil importer and consumer offset the usual monsoon lull.
INEOS and SINOPEC sign second joint venture to produce ABS in China
INEOS and SINOPEC signed a shareholder agreement for the formation of a 50:50 joint venture to build a new 300 ktpa ABS plant in Tianjin.
Bunker fuel market to convert to LNG in next 10 years
The global bunker fuel market is expected to convert substantially to LNG over the next 10 years.
India cuts windfall tax on petroleum crude
The Indian government will cut the windfall tax on petroleum crude to 6,700 rupees ($81.03) per metric ton from 7,100 rupees starting on Saturday.
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