- The World’s Last Wave of Oil Refining Bets Is All About India
January 30, 2024
The world is on the cusp of what’s likely to be the last big refining boom as India embarks on a capacity expansion to accommodate the country’s rising thirst for fossil fuels.
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- Asian refiners pin hopes on China, southeast Asia travel rebound for 2024 jet fuel demand
January 29, 2024
Asian refiners are pinning their 2024 jet fuel demand hopes on continued air travel recovery from China and southeast Asia, with supply movements to be driven by output from a spate of new Middle East capacity, traders and analysts said....
- Asia’s Naphtha Prices Jump After Attack on Russian Fuel Tanker
January 29, 2024
Refinery margins for processing naphtha — a vital feedstock for the petrochemical industry - jumped to the highest level since May 2022 in Asia as traders recalibrated risks surrounding Russian shipments following an attack on a tanker c...
- Europe's Diesel Supply-Chain Threatened by Soaring Freight Costs
January 26, 2024
A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply-chain, contributing to a sharp jump in fuel prices.
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- Operations at damaged Russian fuel complex seen resuming within weeks, say analysts
January 22, 2024
Russian energy company Novatek is likely to resume large-scale operations at its Ust-Luga processing complex and Baltic Sea terminal within weeks, following a suspected drone attack seen disrupting naphtha flows to Asia, analysts said on...