Asia/Pacific

Thai Oil buys first crude cargoes from Oman, US amid OPEC cuts

SINGAPORE (Reuters) -- Thailand's largest oil refiner Thai Oil has bought its first ever cargoes of US Eagle Ford crude and Oman crude as its diversifies purchases amid OPEC production cuts, two sources with knowledge of the matter said on Friday.

Vitol reports record volumes as gasoline trade booms

(Reuters) -- Vitol's annual traded volumes rose 16% in 2016 to a new record as the world's largest independent energy trader sold more gasoline and diesel in markets such as the United States and Australia.

Oman says it could cut crude exports by 15% from June for Sohar refinery

SINGAPORE (Reuters) -- Non-OPEC oil producer Oman has notified customers in Asia that it could reduce supplies of crude by 15% from June to meet demand at a domestic refinery, and as part of its commitment to cut output under a landmark producers' agreement, three people who received the notices said on Friday.

Indonesia targets to double refinery capacity by 2025

JAKARTA (Reuters) -- Indonesia is targeting to more than double its national refinery crude capacity to around 2.2 MMbpd with a program of upgrades and new developments up to 2025, data presented by state energy company Pertamina on Thursday showed.

China Feb gasoline exports jump to 2nd-highest on record, imports plunge

BEIJING (Reuters) -- China's gasoline exports in February climbed to their second-highest monthly level on record as refiners increasingly turn to exports to Asian markets to drain a domestic supply glut that almost wiped out imports altogether.

PetroChina's head of crude oil trading resigns, replaced by deputy

BEIJING (Reuters) -- The head of crude oil trading at Chinese state energy giant PetroChina has resigned after 20 years with the company, a rare departure from a state-owned enterprise known for retaining talent in the midst of rapid expansion.

China's Sinopec buys first major African refinery in Chevron deal

BEIJING (Reuters) -- China's Sinopec said on Wednesday it has agreed to pay almost $1 billion for a 75% stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.

Indonesia plans to file WTO complaint over EU biodiesel duties

JAKARTA (Reuters) -- Indonesia plans to file a World Trade Organization complaint this month against European Union anti-dumping duties on biodiesel exports from the Southeast Asian country, trade officials said on Sunday.

Hindustan Petroleum refinery to use Honeywell UOP technology

DES PLAINES, Ill. – Honeywell announced that Hindustan Petroleum Corporation Limited is using technologies from Honeywell UOP for the expansion and modernization of its refinery at Visakhapatnam in Andhra Pradesh on the southeast coast of India.

Indonesia police say Interpol issues red notices for 3 Sinopec execs

JAKARTA (Reuters) -- Indonesian police said on Tuesday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to a more than $800 million Sinopec oil terminal development in Indonesia.