Asia/Pacific

China oil demand to plateau between 2025 and 2030

Apparent consumption of oil is expected to reach 760 MMt in 2025, up 0.9% on the year, he added, but demand is set to stabilize next year and stay above 700 MMt until 2030.

India imports more Russian crude, but mix of buyers shifts

While the South Asian nation's appetite for Russian crude has not been diminished by the U.S. sanctions against top Russian producers Lukoil and Rosneft, what has changed is the mix of buyers.

Methanol Reformer to supply Mitsubishi Gas Chemical with L18 methanol reformer technology

Aster to carry out further upgrades at Singapore Bukom refinery

The plans include a previously announced project to spend $75 MM to revitalize its condensate splitter unit which it acquired in June, and $71 MM on its lube oil complex to produce higher-value base oils.

Major Asian refiners sell 2026 diesel cargoes at higher premiums

Major Asian refiners have locked in term deals for diesel exports in 2026 at higher premiums to benchmark Singapore prices than this year, supported by firmer prices in November.

EnerMech awarded pre-commissioning scope from Bechtel for Woodside’s Pluto LNG 2 facility

Idemitsu Kosan to be first Japanese refiner to supply biofuels to shipping industry

China refiner moves forward with expansion despite sanctions

A Chinese refinery operator whose main business was disrupted when it was sanctioned by Washington in May for buying Iranian oil is pressing ahead with a $3.6-B petrochemicals expansion project.

Opinion: G7’s Russian oil tanker ban shows teeth, but bite is in doubt

The G7’s proposed plan to bar tankers from hauling Russian oil ups the ante in the West’s economic stand-off with Moscow, but the ultimate bite hinges on whether governments will ratchet up punishments on those skirting sanctions.

Russia and India sign deal to build urea plant in Russia

The joint venture will be based on the supply of ammonia from Russia's Togliattiazot plant, with the Indian companies financing the project until the plant begins commercial operations.