Asia/Pacific
India's Bharat Petroleum, HPCL Mittal buy Venezuelan oil
The heavy oil, purchased through two separate deals, is planned to be co-loaded on a very large crude carrier to save on shipping cost, and will boost India's imports of Venezuelan crude to at least 6 MMbbl through April.
Japan's oil and gas independence climbs to highest since 2009
The rise to the highest since 2009 is attributed to progress in energy development projects involving Japanese firms and a decline in oil and gas imports.
India's Reliance wins U.S. license for Venezuelan oil
A general license authorizes the purchase, exportation, and sale of Venezuelan-origin oil that has already been extracted, including the refining of such oil.
Singapore light distillates stocks hit over 3-yr high on robust imports
Singapore light distillate stocks swelled to the highest level since July 2022 this week amid high supplies of naphtha and gasoline while demand for both products was lower-than-expected.
China's epic renewables boom lifts it into rare clean capacity club
With 73 GW more clean capacity than fossil fuel capacity in use, China now has 51% of its power fleet drawing from clean sources and joins the ranks of Brazil, France and Germany as major economies powered mainly by clean energy sources.
- Middle East conflict could force up to 6 MMbpd crude run cuts across Asia 3/11
- America First Refining plans new Texas refinery, first in nearly 50 years 3/11
- GEA achieves further milestones with Pre2Fuel: Excellent performance in Bremfield's pretreatment plant in Malaysia 3/11
- AIRCO develops mobile fuel system to produce synthetic drop-in fuels from CO2 3/11
- Iraq asks KRG to help pipe crude oil to Turkey 3/11
- Ukraine's motor fuel to contain at least 7% bioethanol from July 3/11
