Asia/Pacific

China's May refined oil exports rise from April under restrictions, Australia receives agreed volume

China's May gasoline, diesel and jet fuel exports rose from April to major destinations in Southeast and South Asia, but were still significantly less than a year earlier due to export restrictions imposed over the Iran war to safeguard domestic supply.

Australia opens first carbon refinery, making new products from captured CO2

MCI Carbon has been developing the Myrtle Carbon Capture Utilization and Storage technology for 15 years and the demonstration plant can potentially capture 2,500 metric tons of CO2 a year.

Indonesia on track to launch B50 biodiesel program on July 1

Indonesia revived its plan to raise the biodiesel ratio to 50% from the current 40% in March, in a response to the oil supply disruptions that followed the U.S. and Israel attacks on Iran.

Amogy and KOWA partner to provide ammonia cracking-based hydrogen supply in Japan

Opinion: China used crude stockpiles to ease Iran shock, but not that much

For the first time in 14 months China's refiners processed more crude in May than was available to them from both imports and domestic production.

WinGD achieves next ammonia milestone with first X72DF-A engine approval

Opinion: Is the Iran war just an energy shock—or a turning point?

At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.

China sets sights on heavy truck electrification in blow to diesel demand

By 2030, EVs will make up 40% of new heavy truck sales in China and 20% of the total fleet, or 1.6 MM vehicles.

Indonesia raises price of widely used fuel by 32%, adds to cost-of-living concerns

China learns to live on less fuel, to the relief of oil markets

Gasoline sales at Sinopec, which runs China's biggest network of petrol stations and is the world's largest refiner, dropped 8% on-year in April while diesel fell 6%.