Japan's Idemitsu restarts Yokkaichi No.2 CDU after maintenance

Japan's second-biggest oil refiner, Idemitsu Kosan Co, restarted the 100,000 bpd No.2 crude distillation unit (CDU) at its Yokkaichi refinery in central Japan on Dec. 3

Vietnam's largest refinery output to fall 20%-25% due to unit shutdown

The Ministry of Industry and Trade has asked fuel traders to increase their imports to compensate for the shortfall "to ensure sufficient fuels for the local market until the end of the first quarter," the government said.

Crude oil prices increased in first-half 2022 and declined in second-half 2022

In the first half of 2022, geopolitical tension with Russia, culminating with Russia’s full-scale invasion of Ukraine on February 24, contributed to crude oil price increases.

Germany's energy crisis powers hydrogen switch

From the moment Russian gas exports to Germany were first disrupted in June, German firm Kelheim Fibers began casting around for alternative options to keep its engines running.

Kuwait's Al Zour offers more low-sulfur fuel oil for January

Kuwait has issued a tender offering three cargoes of low-sulfur fuel oil (LSFO) from its Al Zour refinery, ramping up volumes for January compared with previous months.

Chevron to send 500,000-barrel cargo of Venezuelan oil to its Pascagoula refinery

U.S. oil producer Chevron Corp plans to export this month its first cargo of Venezuelan crude to its Pascagoula, Mississippi refinery following a U.S. license granted last year, according to shipping documents seen by Reuters.

Energy commodity prices in 2022 showed effects of Russia’s full-scale invasion of Ukraine

After increasing 68% from January through June, the energy component of the S&P Goldman Sachs Commodity Index (GSCI) ended the year 10% higher than the first trading day of 2022.

China raises fuel export quotas to spur refinery output

China has raised its first batch of 2023 export quotas for refined oil products by nearly half versus a year ago, China-based consultancies said on Tuesday, to spur refinery output, capture strong export margins and adapt to slow domestic demand.

Russia freezes Linde assets worth $488 MM

A Russian court has ordered nearly $500 MM of assets belonging to German industrial gases company Linde to be frozen at the request of a Russian joint venture building a gas complex.

Vietnam's largest refinery's RFCC unit shut for troubleshooting

Vietnam's largest refinery, Nghi Son Refinery and Petrochemical (NSRP), has shut a residual fluid catalytic cracking (RFCC) unit for "troubleshooting", two sources familiar with the matter said.