Asia/Pacific
Oil rises as China seeks to soothe economic woes
Oil prices rose more than 1% after China's central bank sought to stem the rising tide of pessimism over the country's property market and wider economy.
EU to probe if Indonesia circumventing biodiesel import duties
The European Union said it had launched an investigation into whether Indonesia was circumventing EU duties on imports of biodiesel originating in the country by going through China and Britain.
Singapore's middle distillates stocks rise as imports from India emerge
Singapore's middle distillates inventories clawed back earlier weeks' of losses and rose on higher gasoil imports, with Indian-origin cargoes arriving for the first time in more than three months.
Malaysia's palm oil board, Petronas to study use of palm waste as aviation fuel
Malaysia's palm oil board and state oil firm Petronas have signed an agreement to study the use of used cooking oil and palm oil waste as sustainable aviation fuel.
Decarbonization group's biofuel bunkering trial finds 20% drop in emissions
The Global Center for Maritime Decarbonization found net carbon emissions fell 20% using a vegetable oil biofuel blend compared with very low sulfur fuel oil in a trial for a dual-fuel LPG carrier, the center said
Indonesia launches WTO dispute over EU duties on biodiesel imports
Indonesia has requested World Trade Organization dispute consultations with the European Union regarding the bloc's imposition of duties on imports of biodiesel from the Southeast Asia nation.
Production of renewable diesel restarted at Neste’s Singapore refinery after operational shutdown
The production of renewable diesel at Neste’s Singapore refinery expansion has been restarted in early August according to the company’s plans.
Indian refiner MRPL to phase out exports as it adds retail outlets
India's Mangalore Refinery and Petrochemicals Ltd plans to phase out fuel exports in the next two to three years as it expands its local retail network to diversify its sources of revenue, its managing director said.
Oil dips further as China worries counter supply cuts
Oil prices dipped as concerns about China's faltering economic recovery and a stronger dollar took the momentum out of seven weeks of gains on tight supply.
Singapore July bunker sales rebound as container throughput firms
Singapore's marine fuel sales, also known as bunker sales, rebounded in July after a sharp decline in June, while monthly container throughput hit a year-to-date high, official data showed.
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