Asia/Pacific
Palm oil ends with more than 5% weekly losses
Malaysian palm oil futures closed up on Friday, although they posted a 5.41% weekly decline, snapping gains from the previous week.
Indonesia's B40 palm oil delay causes market uncertainty
Indonesia has yet to implement a higher mandatory blend of biodiesel planned for Jan. 1 as industry participants await technical details of the new regulation, causing confusion among palm oil traders.
China issues 2025 crude quota to Sinochem for eastern China refineries
State-run Sinochem Group has received a crude oil import quota of 17.12 MM tonnes (t) for 2025, which will be for the group's eastern China refineries.
Ukraine hits Russian oil depot in Smolensk region
The Ukrainian military said on Tuesday its forces had hit a Russian oil depot in the western Smolensk region, setting fire to tanks storing oil products.
Update: India's BPCL buys Middle East grades to replace Russian shortfall
State-run Indian refiner Bharat Petroleum Corp. (BPCL) is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview.
Shell shuts down Singapore oil processing unit to investigate leak
Shell has shut down an oil processing unit at its Pulau Bukom facility to investigate a suspected leak, Singapore's Maritime and Port Authority (MPA) and National Environment Agency (NEA) said on Friday.
BPCL plans $11-B refinery and petrochemical project in South India
India's Bharat Petroleum Corp. plans to invest $11 B in southern Andhra Pradesh state for a new refinery and petrochemical project to meet rising fuel demand in the world's fastest-growing major economy.
Indian state refiners may buy Middle East spot oil to replace Russian shortfall
Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have fallen, in a move that could support prices for high-sulfur oil.
Japan's Taiyo Oil to shut two CDUs at Shikoku refinery for maintenance
Japanese oil refiner Taiyo Oil plans to shut down two crude distillation units (CDUs) at its 138,000-bpd Shikoku refinery in western Japan this week for scheduled maintenance.
Indian Oil to invest $7 B in naphtha cracker project
Indian Oil Corp. (IOC) will invest 610 B rupees ($7 B) to establish a naphtha cracker project in Paradip in the eastern state of Odisha.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
