Asia/Pacific

PETRONAS Lubricants International launches flagship PETRONAS Pro Series lubricants to elevate global industrial performance

Asia deepens refining cuts due to Iran war, putting diesel and jet fuel supplies at risk

Asia, which accounts for 37% of global refining output and ordinarily sources two-thirds of its crude from the Middle East, has been hardest-hit by the closure of the Strait of Hormuz, with run cuts at refiners in the region exacerbating tight fuel supply and keeping prices elevated.

Japan's ethylene plant run rate hits record low of 68.6% in March

Japan has 12 ethylene plants that crack naphtha, a crude oil byproduct, into basic chemicals such as ethylene and propylene, which are used to make intermediates like resins for a wide range of end products.

Australia's Queensland invests in biodiesel to cut reliance on fuel imports

Indonesia biodiesel consumption eclipses 3.9 MM kiloliters so far this year

Malaysia's palm oil-based biodiesel push to add 300,000 tpy in demand

LOTTE Chemical to merge into integrated corporation after spinning off Daesan plant

Opinion: U.S. crude and fuel exports surge to record highs, but it's not enough

Much of the extra crude is heading to Asia, the region most affected by the effective closure of the Strait of Hormuz, the narrow waterway through which about 20% of the world's supply of crude and refined fuels passed prior to the start of the conflict.

U.S. waiver set to keep Russian oil exports to India near record high

The robust exports to India - the second-largest buyer of Russian crude after China and largest importer of its flagship Urals grade - will likely help Moscow replenish state coffers under pressure due to military spending for the war in Ukraine.

Borouge partners with Wanrong New Materials to develop polyethylene plant in China