Asia/Pacific
India's fuel demand falls the most in over 14 yr
NEW DELHI (Reuters) — India's fuel consumption fell 6.1% in August, its fastest rate of decline since April 2003, as heavy rainfall across the country cut the use of diesel for irrigation pumps and curbed demand for auto fuels.
S.Korea's GS Caltex says unsure when will restart fire-hit hydrocracker, aromatics unit
SEOUL (Reuters) — GS Caltex, South Korea’s second-largest oil refiner, said on Monday that it was unsure when it would be able to restart a hydrocracker and aromatics unit after they were hit by fire last month.
PTTGC announces $4 B 5-yr investment plan for eastern Thailand
BANGKOK (Reuters) — PTT Global Chemical Pcl, Thailand’s largest petrochemical producer, on Tuesday announced a $4 B investment plan over the next 5 yr in an industrial development on the eastern seaboard.
Profits on producing gasoil, jet fuel soar in Asia as demand outpaces supply
SINGAPORE (Reuters) — Profits on churning out barrels of gasoil and jet fuel in Asia could keep climbing after marking their highest in nearly two years this month, boosted as demand outpaces supply hit by a string of refinery outages both internationally and in the region.
Shell eyes Asia, aims to expand vehicle recharging at fuel stations
LONDON (Reuters) — Royal Dutch Shell aims to expand marketing operations in Asia and wants 20% of sales from its fuel stations worldwide to come from recharging electric vehicles and low carbon fuels by 2025, as the world shifts away from crude.
CB&I announces technology award for petchem plant in China
THE WOODLANDS, Texas — CB&I announced it has been awarded a contract by Xuzhou HaiDing Chemical Technology Co. Ltd. for the license and engineering design of a grassroots propane dehydrogenation unit to be built in Pizhou, Jiangsu Province, China.
Saudi to supply full crude allocations to most Asian refiners
SINGAPORE/SEOUL (Reuters) — Saudi Arabia will supply full contracted volumes of crude oil to at least five north Asian term buyers in October, while a sixth regional refiner was notified of cuts to its October Arab Extra Light supplies, sources familiar with the matter said on Monday.
Rosneft to ship record 40 MMt of oil to China in 2017
MOSCOW (Reuters) — Russia's top oil producer Rosneft plans to export a record 40 MMt of crude oil to China this year, Chief Executive Igor Sechin was quoted as saying on Sunday.
Saudi Aramco to add 1.9 MMbbl of crude oil to its Japan storage
TOKYO (Reuters) — Oil giant Saudi Aramco will on Wednesday add 1.9 MMbbl of crude to storage that it holds in Japan, a Japanese trade ministry official said on Monday.
Industry Metrics
US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand.
- BASF introduces low-VOC polyurethane catalyst Lupragen® N 208 12/8
- Idemitsu Kosan to be first Japanese refiner to supply biofuels to shipping industry 12/8
- China refiner moves forward with expansion despite sanctions 12/8
- Air Products and Yara to partner on low-emission ammonia projects 12/8
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
