Asia/Pacific

Australia’s biggest LNG plants suffer outages due to cyclone, straining global supply

Japan to relax rules from April to boost coal-fired power amid LNG import risks

Asia 10-ppm sulfur diesel margin hits record high

Refinery runs across northeast Asia have been curtailed due to tighter crude supply after the Middle East conflict broke out, in turn limiting spot diesel volumes available for sale.

South Korea enforces naphtha export ban amid Middle East supply disruptions

The move requires refiners to divert export volumes to the local market and give the government powers to order production and allocation of naphtha, a key petrochemical feedstock used in chips, autos, plastics and everyday goods.

Philippines launches $333-MM fund to boost fuel security

Under the program, the government plans to buy up to 2 MMbbl of fuel to support domestic supply and purchase refined petroleum products and liquefied petroleum gas.

Vietnam's Nghi Son refinery has crude oil for uninterrupted operations until end of May

The refinery is 35.1% owned by Japan's Idemitsu Kosan Co, 35.1% by Kuwait Petroleum, 25.1% by Vietnam's state oil firm Petrovietnam and 4.7% by Mitsui Chemicals Inc.

Delta Air Lines' refinery bet looks more valuable in jet fuel squeeze

Most carriers buy jet fuel from suppliers. Delta instead bought a refinery that processes crude oil into jet fuel and other products.

Philippine Airlines says jet fuel supplies secure despite Middle East conflict

In an interview with CNBC on Wednesday, Richard Nuttall, President of Philippine Airlines, said the flag carrier has enough jet fuel supply for the next couple of months, with domestic fuel shipments secured to keep PAL operating until the end of June.

Nextchem (Maire) awarded feasibility studies contract for two plastic upcycling projects in Africa and Asia

JGSOC appoints International Process Plants to evaluate sale of Batangas petrochemical complex