Downstream News

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China Oil Refinery Output Up 12% In July, Buoyed By State Refiners
Tuesday, August 14, 2018 Chinese oil refinery output rose 11.6% in July from a year earlier.

Japan's Mitsui Chemicals Restarts Naphtha Cracker At Fire-Hit Plant
Monday, August 13, 2018 Mitsui Chemicals says it restarts a 500,000 tonne-per-year naphtha cracker plant in Osaka in western Japan.

PetroChina Mulls Suspending US LNG Purchases
Monday, August 13, 2018 PetroChina may temporarily halt purchases of US LNG spot cargoes through the winter to avoid potential tariffs amid a trade conflict.

India To Step Up Use Of Biofuels To Cut Oil Import Bill
Friday, August 10, 2018 India aims to increase the use of biofuels to cut its oil import bill by 2022 and reduce carbon emissions, Prime Minister Narendra Modi says.

Cheniere CEO sees no impact from Chinese tariffs on U.S. LNG
Thursday, August 09, 2018 Cheniere CEO Jack Fusco says he does not expect proposed Chinese tariffs on US liquefied natural gas to have an economic impact on the LNG's company's existing contracts.

Ramp-up Underway for Vietnam's New $9B Refinery
Wednesday, August 08, 2018 he biggest oil refinery in one of Asia's fastest-growing economies is ramping up production and expects to run at full capacity in September.

Chinese Tariffs on LNG, Oil May Hit US Bid for Energy Dominance
Friday, August 03, 2018 China had curtailed its imports of U.S. LNG over the last two months.

Taiwan's CPC Plans $6.6B Investment In East India Petchem Plant
Tuesday, July 31, 2018 CPC has proposed to invest $6.6 billion in a petrochemical project in Paradip.

China's Sinochem Energy Files For $2B Hong Kong Listing
Tuesday, July 31, 2018 Sinochem Energy has filed for a Hong Kong initial public offering (IPO) of about $2 billion.

India Loaded 12% Less Iranian Oil In June vs May On Sanctions Fear
Monday, July 30, 2018 Indian refiners ordered about 12% less Iranian oil in June than in May.

PetroChina Forecasts 1H Net Profit To More Than Double; Highest Since 2015
Monday, July 30, 2018 PetroChina expects its profits to more than double in the first half of this year, the latest state oil major to benefit from the revival in crude oil prices.

Prices Rise As Heat Grips Japan, But More Yamal Flows Seen
Friday, July 27, 2018 Asian spot LNG prices rose this week as a heatwave gripped Japan and high temperatures swept across South Korea and parts of China.

China's Sinopec Expects Best Quarter In Years Boosted By Oil Revival
Tuesday, July 24, 2018 China Petroleum and Chemical Corp expects to report its best quarter since 2013.

Vopak Inks Deal With Engro To Buy 29% Of Pakistan's First LNG Terminal
Friday, July 20, 2018 Vopak says it has inked an agreement with Engro to buy a 29% stake.

Russia, China Delay US Push For Halt To Refined Petroleum To N. Korea
Thursday, July 19, 2018 Russia and China delayed a US push for a UN Security Council committee to order a halt to refined petroleum exports to North Korea.

China's June Crude Imports at 6-mth Low as 'Teapot' Buying Slows
Friday, July 13, 2018 China's crude oil imports fell for a second month in a row in June to the lowest since December.

KPC: Asian Refiners Seeking More Oil From Outside Iran After US Sanctions
Monday, July 09, 2018 Asian refiners are seeking alternatives to Iranian oil from Saudi Arabia, Kuwait, the United Arab Emirates and Iraq.

South Korea Turns To Kazakh CPC Oil As US Sanctions On Iran Loom
Tuesday, July 03, 2018 South Korea has imported four times more CPC Blend crude so far in 2018 than in the same period last year.

Media: China CNOOC Plans $2.2B LNG Terminal In East China
Friday, June 29, 2018 CNOOC plans to build a receiving terminal of LNG in the eastern province of Jiangsu.

India Rethinks Decision To Split Up Gas Utility Gail Ltd
Thursday, June 28, 2018 India is working on plans to enable gas utility GAIL to keep its marketing and pipeline operations separate without breaking up the company.

$44B India Integrated Project Moves Forward
Monday, June 25, 2018 The proposed project would develop ADNOC's first overseas refinery.

Govt Source: ADNOC To Sign Deal On Monday For Stake In Indian Refinery
Friday, June 22, 2018 ADNOC will sign an agreement with Saudi Aramco and Indian companies for an up to 25 percent stake in a planned $44 billion refinery.

Mongolia Launches Construction Of First Oil Refinery With Indian Aid
Friday, June 22, 2018 Mongolia launches construction of its first oil refinery, a long-awaited project that is funded by India and designed to end the country's dependence on Russian fuel.

What's Not on China's Tariff List? Smog-Controlling US Gas
Monday, June 18, 2018 In punching back against US tariffs, China included almost all energy-related commodities on a list of its retaliatory actions.

China Cuts Subsidies for Some Renewable Power Projects - Finance Ministry
Friday, June 15, 2018 Some Chinese biomass and waste-to-energy plants will no longer be eligible for renewable energy subsidies.

Sources: China's Hengli Buys Brazilian Oil Ahead Of Refinery Start-Up
Wednesday, June 13, 2018 Hengli Group has bought its first crude oil cargo from Brazil.

CNPC Gas Pipeline Explosion Injures 24 People in Southwest China -Govt
Monday, June 11, 2018 A gas pipeline operated by China National Petroleum Corp (CNPC) exploded in Guizhou province in southwest China, injuring 24 people, with three in critical condition.

China May Crude Oil Imports Ease From Record As Refiners Curb Operations
Friday, June 08, 2018 China's May crude oil imports eased away from record highs hit the month before, customs data shows.

Vietnam's Second Refinery To Be Fully Operational By Early August
Wednesday, June 06, 2018 Vietnam's second oil refinery will be fully operational by early August, a senior executive at the plant told Reuters on Wednesday.

Pakistan's Anti-Graft Agency Orders Probe Of Former PMs Over LNG Terminal
Wednesday, June 06, 2018 Pakistan's anti-corruption agency has approved an inquiry into former prime minister and his predecessor over an LNG terminal project.

CNPC Plans Internal Consolidation To Fast-Track Gas Storage Upgrade
Friday, June 01, 2018 CNPC plans to consolidate billion-dollar underground gas storage assets into one business to expedite an infrastructure upgrade.

LNG Prices Climb To Highest Since February On Limited Supply
Friday, June 01, 2018 Asian spot LNG prices rose this week to their highest since February.

Philippines Plans To Import Diesel From Russia, Non-OPEC Countries
Thursday, May 31, 2018 The Philippines' energy ministry plans to import initially about 240 million litres of diesel for stockpiling purposes.

S. Korean Refiners Replace Mideast Crudes With US, Africa Supply
Friday, May 25, 2018 South Korea's purchases of sweet crudes from the United States and Africa are growing as its refiners snap up spot cargoes.

Chinese, Others Clamor For Crude Exports, But US Straining Capacity
Friday, May 25, 2018 The US oil export infrastructure is straining to keep up as the country's crude oil exports hit new highs and China snaps up more of it than ever before.

LNG Prices Firm On Chinese, South Korean Demand
Friday, May 25, 2018 Asian spot LNG prices breached the $9 per million British thermal unit (mmBtu) mark this week.

India's GAIL Turns To Spot And Short-Term LNG Deals
Thursday, May 24, 2018 GAIL (India) has switched its focus to short-term and spot deals for the purchase of LNG.

Vietnam's Nghi Son Refinery Sells First Diesel Batch To Local Market
Thursday, May 24, 2018 Vietnam's Nghi Son Refinery and Petrochemical LLC sells its first batch of diesel to the local market.

Indian Oil To Turn To Traditional Suppliers To Meet Iran Oil Shortfall
Tuesday, May 22, 2018 IOC will turn to its traditional oil suppliers if US sanctions against Iran result in supply disruptions, its head of finance says.

Gas Guzzlers Set to Fade as China Sparks Surge for Electric Cars
Monday, May 21, 2018 By 2040, more than half of all new car sales and a third of the planet's automobile fleet will be electric, according to a report published Monday.

Sources: S. Korea's Hyundai Oilbank To Expand Heavy Oil Upgrading In Aug
Friday, May 18, 2018 Hyundai Oilbank will expand its heavy oil upgrading capacity during a scheduled maintenance in August.

ENN Seeks Commissioning Cargo For China's First Private LNG Import Terminal
Thursday, May 17, 2018 ENN is seeking a commissioning cargo for the country's first privately owned LNG import terminal.

US Oil Shipments To Asia May Hit New High, Cool Mideast Crude Prices
Wednesday, May 16, 2018 The volume of US crude oil arriving in Asia is expected to hit a new high in July.

Bangladesh Drops Trafigura In LNG Talks As Gunvor Advances
Tuesday, May 15, 2018 Bangladesh has terminated talks with Swiss-based commodity trader Trafigura to install a small floating LNG import terminal.

Lotte Chemical JV with Hyundai Oilbank to Build New Petchem Plant
Wednesday, May 09, 2018 The two companies signed a deal to jointly invest in the new petrochemical plant, which will use heavy fuel oil as a feedstock.

India Aims To Split GAIL Within A Year To Open Up Gas Sector
Friday, April 27, 2018 India plans to split state-run gas utility GAIL by March next year to create two companies.

Sri Lanka's CPC Says Completed 35-Day Refinery Overhaul
Thursday, April 26, 2018 CPC says its 50,000 barrel-per-day refinery completed a 35-day overhaul and renovation.

Sinopec Plans To Extend Cuts In Saudi Crude Oil Imports To June, July
Wednesday, April 25, 2018 Sinopec plans to continue to cut their Saudi Arabian crude oil purchases for June and July loadings.

India's BPCL Seeks LNG Cargoes For July 2018-March 2019
Wednesday, April 25, 2018 Bharat Petroleum has issued a tender seeking four LNG cargoes.

Japan Carbon Capture Site Shows Promise for Industrial Use
Friday, April 20, 2018 A test site in Japan for burying CO2 below the seabed off Hokkaido island is showing more promise than other CCS projects, its developer says.