Asia/Pacific
China's gasoline demand peak nears as EV boom hastens transition
China's demand for petrol is likely to peak as early as next year as electric vehicle sales soar, several analysts say, bringing forward an energy transition milestone for the world's biggest polluter and a headache for global refiners.
Obscure traders ship half Russia's oil exports to India, China after sanctions
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.
Gasoil net exports reduce Singapore inventories despite jet fuel from China
Middle distillates stock levels at key trading hub Singapore slipped to their lowest in over four months as robust net exports of gasoil more than offset a surge in jet fuel imports from China, official data showed.
Bunkering hub in Singapore conducts first bio-methanol refueling for Maersk ship
A container ship has refueled with bio-methanol at the world's largest bunkering hub in Singapore, the first such operation to have taken place at the city-state, its port authority said.
China hugely boosts crude stockpiling on cheap Russian oil
China boosted its stockpiling of crude oil to the highest level in three years in June, taking advantage of cheap Russian crude to bolster inventories and add flexibility to future import requirements.
Indonesia's Pertamina launches sales of gasoline with 5% ethanol mix
Indonesian state-owned energy company Pertamina has launched sales of gasoline containing 5% of bioethanol made from sugar molasses in two cities, as the country aims to expand the availability of renewable fuels.
G20 bloc fails to reach agreement on cutting fossil fuels
The Group of 20 (G20) major economies meeting in India failed to reach consensus on phasing down fossil fuels following objections by some producer nations.
Chinese petchem firms betting big on energy transition products
Chinese oil refiners and petrochemical companies are investing tens of billions of dollars to produce high-end chemicals for solar panels and lithium-ion batteries to profit from growing demand for energy transition technologies.
U.S. Senate backs measure barring oil sales to China from SPR
The U.S. Senate overwhelmingly passed an amendment to an annual defense bill that would ban exports to China of oil from the Strategic Petroleum Reserve.
India, Sri Lanka agree to boost ties through energy, power and port projects
India and Sri Lanka said that they had agreed to improve economic ties by increasing cooperation in renewable energy and studying the feasibility of building an oil pipeline and a land bridge between the two countries.
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- Hygenco selects Topsoe as technology provider for green ammonia production 11/26
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- Russia's oil and gas revenue down by a third in November m/m 11/26
- Contentious COP29 deal shows climate cooperation fraying at edges 11/26
- Oil majors betting big on biofuels with more than 40 projects by 2030 11/26
