Asia/Pacific

South Korea to review restructuring plan for largest petrochemical complex

The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel

The Shipping Corporation of India Ltd. has signed a Shipbuilding contract at New Delhi with Mazagon Dock Shipbuilders Ltd for construction and delivery of one number methanol dual fuel platform supply vessel (PSV).

Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices

Fuel prices in Vietnam have surged since the U.S.-Israel war on Iran began three weeks ago, with gasoline prices up 50% and diesel prices rising 70%,

India’s Reliance buys about 155,000 bpd Russian oil after pause

The private refiner's overall imports in February rose marginally from last year to 1.37 MMbpd.

China's Sinochem cuts refinery runs, seeks prompt-delivery crude

Sinochem has also been trying to buy spot cargoes from bonded storage for prompt delivery to cover its "immediate" requirements for the 300,000-bpd Quanzhou plant.

Sumitomo Corporation, “K” LINE and NYK Line conclude MoU for new build ammonia bunkering vessel operation in Singapore

Sumitomo Corporation, Kawasaki Kisen Kaisha and NYK Bulkship (Asia) Pte. Ltd. (NYK Line) have entered into a MoU to jointly conduct a FEED study and explore the ownership of a new-build ammonia bunkering vessel for application in Singapore.

China's fuel export ban to further tighten Asia supply

Japanese refiner Idemitsu to invest $500 MM in Australian Midocean to enter LNG business

Top global refiner Sinopec to cut crude runs by over 10% on Mideast supply squeeze

The cuts by state-owned Sinopec, which accounts for a third of China's refinery output, are part of Beijing's widening measures to curb oil supply disruptions due to Iran's blockage of the Strait of Hormuz, a conduit for 20% of the world's oil.

Japan to consider whether to buy Russian crude following U.S. sanctions waiver

The U.S. waiver allows countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets, which have been roiled by the Iran war.