Asia/Pacific
Vitol, Trafigura offer Venezuelan oil to Indian, Chinese refiners for March delivery
The global commodities traders confirmed on Friday they had struck agreements with the U.S. government to help market stranded Venezuelan oil, days after the interim government in Caracas agreed to export up to 50 MMbbl of crude oil to the U.S.
India's Reliance in talks for U.S. permit to buy Venezuelan oil
Reliance's representatives are in discussions with the U.S. State and Treasury departments to obtain the authorization, the sources said, as Washington and Caracas progress in negotiations to ship 50 MMbbl of oil in the aftermath of the U.S. capture of President Nicolas Maduro.
India's Reliance Industries will consider buying Venezuelan oil
Caracas and Washington have reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States after U.S. forces captured President Nicolas Maduro on January 3.
U.S. West Coast jet fuel's premium to Asia near its widest in nearly 2 yrs
The premium for prompt U.S. West Coast jet fuel to Asia has reached its widest in nearly 2 yrs, LSEG data showed on Thursday, as refinery outages curbed U.S. supply and slower Chinese demand increased the fuel's availability in Asia.
Chinese refiners expected to replace Venezuelan oil with Iranian crude
Caracas and Washington agreed to export up to $2 B worth of Venezuelan crude to the United States, President Donald Trump said on Tuesday, after U.S. forces captured Venezuelan President Nicolas Maduro over the weekend.
India's January Russian oil imports may fall sharply as Reliance expects no deliveries
India emerged as the biggest buyer of discounted Russian seaborne crude following the start of the Ukraine war in 2022. The purchases have fueled a backlash from Western nations.
China's Hengyi Petrochemical to proceed with Brunei refinery expansion
The expansion aims to enhance Hengyi’s refining and petrochemical capabilities while supporting Brunei’s downstream industrial development.
- Uniper and AM Green sign long-term offtake agreement for up to 500,000 tpy of renewable ammonia from India 1/12
- Indonesia president inaugurates Balikpapan refinery upgrade worth $7.4 B 1/12
- Brazil's diesel imports hit record in 2025 amid local production decline 1/12
- Vitol to load first diluent cargo under Venezuela supply deal last weekend 1/12
- Maersk explores more ethanol use for green fuel to cut reliance on China 1/12
- Vitol, Trafigura offer Venezuelan oil to Indian, Chinese refiners for March delivery 1/12
