Naphtha
Vitol to load first diluent cargo under Venezuela supply deal last weekend
The flow of naphtha, used as a diluent to thin Venezuela's heavy crude oil and make it easier to move and process, would mark a key milestone in efforts to boost production in the South American country as the Trump administration focuses on reviving its oil industry after removing President Nicolas Maduro from power last week.
ARA gasoline stocks increase 15%
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 15% on the week to their highest in eight months.
Bahrain's BAPCO sends first diesel cargo to Australia in 2.5 yrs
Around 400,000 bbl of diesel were loaded on the Torm Kirsten during December 9–11 from BAPCO's Sitra refining site, Kpler and Vortexa shiptracking data showed, while 140,000 bbl more were loaded via ship-to-ship transfers with the vessel Zonda.
South Korea's Lotte Chemical, HD Hyundai to merge naphtha operations under petrochem plan
Lotte will merge its 1.1-MM tonne (t) naphtha cracking facilities and jointly operate HD Hyundai's plant with an output of 850,000 t under a plan to set up a joint venture.
Novatek has fully restored operations at Ust-Luga's condensate complex
The condensate is being processed into light and heavy naphtha, kerosene, diesel and marine fuel.
India's HMEL issues prompt tender for naphtha supplies as Russian flows hit
HMEL is seeking naphtha with a minimum 60% paraffin content and a maximum sulfur content of 500 ppm for delivery at the Mundra port in Western India.
Ship carrying Russian naphtha to India in limbo after U.S. sanctions
Following new Ukraine-related U.S. sanctions on Russia last week, Indian refiners said they were ready to sharply curtail Russian oil imports, as New Delhi already faces punishing 50% tariffs on its exports to the United States.
Taiwan and India were top destinations for Russian naphtha in August
Since the European Union's full embargo on Russian oil products went into effect in February 2023, countries in the Middle East and Asia have become the main destinations for Russia's naphtha supplies.
Taiwan says private refiners willing to stop buying Russian naphtha
While Taiwan joined the United States and major Western allies in putting broad sanctions on Russia after it invaded Ukraine in 2022, it did not explicitly ban imports of energy.
Taiwan says it will cooperate with further restrictions on Russian energy imports
While Taiwan joined the United States and major Western allies in putting broad sanctions on Russia after it invaded Ukraine in 2022, it did not explicitly ban imports of energy, a major hard currency earner for Russia.
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