Asia/Pacific
Asia exports of refined fuels plunge amid Hormuz closure
Exports of refined products such as jet fuel, diesel and gasoline fell to multi-year lows in Asia, the top energy consuming region and destination for about 80% of pre-war cargoes through the Strait of Hormuz.
Australia commits $7 B to boost fuel stockpiles, create government reserve
The expanded stockpiles and reserve of around 1 B liters (264 MMgal) will ensure Australia holds at least 50 days of fuel onshore to shield the country from future supply shocks.
Equinor: Iran war lifts Asia-Pacific interest for Norwegian petroleum products, LNG
Asia/Pacific
/ Crude oil
/ Europe
/ Gas Processing/LNG
/ Gasoline
/ Middle East
/ Refining
/ Aviation Fuel
The conflict has effectively closed the Strait of Hormuz, a choke point for energy exports from producers in the Gulf, especially affecting clients in Asia.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
