Asia/Pacific

Japan to consider whether to buy Russian crude following U.S. sanctions waiver

The U.S. waiver allows countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets, which have been roiled by the Iran war.

Australia releases petrol and diesel from emergency reserves

Energy Minister Chris Bowen said the move to allow the release of up to 20% of the baseline minimum stockholding obligation is equivalent to up to 762 MM liters (l) of petrol and diesel.

Axens joins consortium trying to develop an eFuels plant in Australia

China teapots maintain refinery runs to cash in on lucrative fuel sales

Indonesia biofuel producers expect June end to B50 test as government eyes earlier completion

Middle East conflict could force up to 6 MMbpd crude run cuts across Asia

GEA achieves further milestones with Pre2Fuel: Excellent performance in Bremfield's pretreatment plant in Malaysia

At Bremfield Sdn Bhd biodiesel plant in Klang, Malaysia, which processes used cooking oil (UCO) and palm oil mill effluent (POME) into biofuel, Pre2Fuel has now enabled further technological and economic milestones to be achieved.

Mitsui Chemicals cuts output with other Japanese companies amid Iran crisis

Bangladesh secures diesel supplies amid major energy disruptions

The South Asian nation of 175 MM people, which relies on imports for roughly 95% of its energy needs, has imposed fuel rationing for vehicles, restrictions on diesel sales and closed universities as the war on Iran causes severe disruption to Middle East oil exports.

Taiwan's Formosa Petchem issues force majeure as Iran war disrupts feedstock delivery

For refined fuel products such as diesel, jet fuel and gasoline, the company is still proceeding with its export deliveries for March and April, although there is likely to be no spot availability for April.