Asia/Pacific
Sinopec's 3Q earnings fall 52.1% on lower oil prices, refining margins
Chinese refiner Sinopec posted a 52.1% year-on-year decline in net profit to 8.54 B yuan ($1.2 B) for the third quarter because of lower oil prices and weak refining margins.
India's BPCL says Russia oil intake share falls to 34% in September quarter
Indian refiner Bharat Petroleum Corp's use of Russian oil fell to 34% of the total intake for crude processing in the July–September quarter due to a maintenance shutdown of units at its Bina and Kochi refineries.
Singapore distillates stocks slip to below 9 MMbbl
Singapore's middle distillates stocks fell for the third straight week to below 9 MMbbl as gains in net exports of jet fuel offset a drop in gasoil exports.
Oil exports from Russia's western ports to fall 13% in Nov. as refinery maintenance ends
Russia's crude oil exports from its three main western ports will drop by 13% in November from the previous month to 1.95 MMbpd (or some 8 MM tonnes) as refinery maintenance season is over.
India's diesel consumption to rise 3%–4% in current fiscal year
India's annual diesel consumption is expected to rise by 3%–4% in the current fiscal year to March 31.
Russia's Surgutneftegaz awards annual tender for diesel, fuel oil exports
Russian energy company Surgutneftegaz awarded its annual tender for diesel and fuel oil exports in 2025 at higher prices than a year ago.
Russia ships rare naphtha and fuel oil cargoes to Indonesia
Russia exported rare naphtha and fuel oil cargoes to Indonesia in September as it expands the pool of buyers for its oil products.
Australia fuel supplier Viva Energy's retail and refining challenges continue to hurt
Viva's downbeat update comes a few days after bigger rival Ampol, the only other domestic fuel supplier in the country, warned of similar challenges facing the refining sector and flagged a hit of A$100 MM in its earnings.
India eyes $87 B investment in petrochemicals sector over next decade
India is expected to receive investments worth $87 B in the next decade to meet the nation's rising demand for petrochemicals, the country's oil minister Hardeep Singh Puri said.
China's surplus crude oil hits nearly 1 MMbpd for September
The weak position of China's crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 MMbpd of oil being available for storage.
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