Browse News from Other Regions:
Oil Refiners Struck by Glut Find Comfort in China Teapot Drought
(Wednesday, July 27, 2016) Oil refiners rocked by a market glut in Asia are finding some solace as what was expected to be a flood of fuel from China's private processors is proving to be a benign trickle.
Total Signs Agreement to Supply LNG to Japan's Chugoku Electric
(Tuesday, July 26, 2016) Total signs agreement to supply liquefied natural gas to Japan's Chugoku Electric for 17 years beginning in 2019.
COLUMN-Asia's Gasoline Party Crashed by China and India
(Monday, July 25, 2016) If you had asked Asia's refiners at the start of the year where they thought their profits would be coming from, it's likely many would have said gasoline. But China and India appear to have crashed that party.
SK Innovation Sees Asian Refining Margins Improving in H2 on Tight Supply
(Friday, July 22, 2016) SK Innovation Co Ltd, which owns South Korea's top refiner SK Energy, expects Asian margins to improve slightly in the second half of 2016 as more refineries shut for maintenance in autumn, leading to tighter supply of oil products.
China's Unipec Buys U.S. Alaskan North Slope Crude for July -Sources
(Friday, July 22, 2016) Unipec, the trading arm of top Asian refiner Sinopec, has bought two U.S. crude cargoes, including a rare purchase of Alaskan North Slope (ANS) for its refineries in China, trade sources said on Friday.
Japan Business Lobby Says Abe Govt Can't Rely on Nuclear Energy
(Friday, July 22, 2016) Following the nuclear reactor meltdowns at Fukushima in 2011, Japan has had some success in overcoming one of the world's worst peacetime energy crises, partly due to lower oil prices and LNG prices.
China Gasoline Exports Catch Up With Diesel as Output Surges
(Thursday, July 21, 2016) The volume of China's gasoline exports caught up with diesel last month as refiners dumped excess output in overseas markets to alleviate swelling stockpiles at home amid record domestic production.
Chevron Inks LNG Supply Deal with China's JOVO Group
(Thursday, July 21, 2016) Chevron inks agreement with Carbon Hydrogen Energy, a subsidiary of China's JOVO Group, to supply liquefied natural gas from its global portfolio.
More Than $600 Billion Is at Stake as Japan Probes LNG Deals
(Thursday, July 21, 2016) Japan's probe into whether the resale restrictions in most of its LNG contracts violate fair trade laws may lead to the renegotiation of more than $600 billion worth of deals.
China Pipeline Fire Kills Two, Cuts Gas Supplies
(Wednesday, July 20, 2016) China's Sinopec has shut down a section of the Sichuan-East China gas pipeline in the country's central region after it was hit by a landslide and fire, killing two people.
Iran Targets Oil Sales to China Teapots via Trafigura -Sources
(Monday, July 18, 2016) An Iranian crude cargo loaded by trading house Trafigura is set to arrive in east China this week, heating up the race among oil suppliers to meet the rise in demand for imports from China's independent refineries, trade sources said.
China's Oil Refining Rises to Record on Margins, Teapots
(Friday, July 15, 2016) China processed a record amount of crude oil into fuels during both June and the first half of the year amid sustained profit margins and as private refiners boosted operations.
CNOOC to Cap Refining Capacity at 50 Million Tonnes/yr Amid Supply Glut
(Thursday, July 14, 2016) Refiners in the world's second largest economy have flooded the market with oil products, with diesel and gasoline exports soaring in recent months.
Japan Regulator Investigating LNG Shipping Restrictions -Bloomberg
(Thursday, July 14, 2016) Japan's anti-monopoly regulator is investigating whether clauses in LNG contracts preventing buyers from selling the fuel to third parties hurts competition, Bloomberg News reported on Thursday, citing unidentified sources.
Japan's Mitsubishi Chem Restarts Kashima Naphtha Cracker After Delay
(Thursday, July 14, 2016) Japan's Mitsubishi Chemical Holdings Corp said it restarted the 539,000 tonnes-per-year naphtha cracker at its Kashima plant on Thursday, following a delay due to an extended planned maintenance.
China's June Oil Imports Ease to Five-month Low, H1 Up 14.2 Pct
(Wednesday, July 13, 2016) China's June oil imports fell to the lowest on a daily basis since February but robust buying by independent "teapot" refiners and stockpiling boosted imports over the first half the year by 14.2 percent from the same period a year ago.
Oil and Shipping Markets on Edge after South China Sea Ruling
(Tuesday, July 12, 2016) A tribunal in The Hague, Netherlands, found China had breached the sovereign rights of the Philippines and had no legal basis to its historic claims in the South China Sea, a major shipping lane between Europe, the Middle East and Africa.
PetroVietnam Gas, Tokyo Gas May Establish LNG JV in Vietnam
(Tuesday, July 12, 2016) Tokyo Gas plans to partner PetroVietnam Gas in a liquefied natural gas (LNG) joint venture in Vietnam.
Japan Court Upholds Reactor Shutdown in New Blow to Nuclear Industry
(Tuesday, July 12, 2016) An appeal may take about a year and means continued extra purchases of oil, gas or coal to replace nuclear power generation.
Asian Oil Refiners Cut Output to Fight Oversupply, Low Margins
(Monday, July 11, 2016) Oil refiners in Asia are processing less crude as they grapple with margins that plunged to five-year lows after the region was flooded with supply of refined products and as slowing economic growth hits demand for fuels.