Asia Oil Company News

A fire hit one of the crude distillation units at Sinopec's Zhenhai refinery Tuesday evening, but no casualties or injuries were reported, the company...

The US government has placed Chinese oil major CNOOC on a military blacklist due to its ties to the People's Liberation Army (PLA), citing...

China's Shandong Port Group has barred US-sanctioned oil tankers from docking, unloading, or receiving services at its key terminals...

Goldman Sachs said Chinese demand for crude oil could drop further in the coming week as independent refiners in the country continue to...

The CEO of Frontline, the world's largest publicly traded oil tanker operator, has criticised the International Maritime Organization (IMO)....

Asia Pacific airlines saw sustained growth in November as robust consumer demand coupled with accelerating business activity to support...

The Zhejiang Mercantile Exchange has released biodiesel storage prices for China's Zhoushan port this week for January amid the country's...

Shell has halted operations at an oil processing unit at its Pulau Bukom refinery in Singapore to investigate a suspected leak, the...

Indian refiner Bharat Petroleum Corporation Ltd (BPCL) is set to invest $11 billion in a new refinery and petrochemical complex in...

The Aleksey Kosygin, Russia's first domestically built ice-class LNG carrier, has begun sea trials from the Zvezda shipyard near Vladivostok...

Japan's Taiyo Oil is set to close two of its crude distillate units at the 138,000 bpd Shikoku refinery this week for a scheduled...

Indian Oil Corporation (IOCL) will invest $7 billion to develop a naphtha cracker complex in Paradip, a port city in eastern India's Odisha state...

Commodities giant Glencore has hired the former BP trader Aditya Ravavarapu to head up its Singapore-based crude team...

Pengerang Energy Complex (PEC) has delayed its operational start to late 2028, with construction now expected to begin by mid-2025...

Trafigura Group posted a significant 62% drop in net profit for its 2024 financial year, recording $2.8 billion, as the company absorbed...

Russia's state-owned Rosneft has signed a 10-year deal to supply India's privately owned Reliance Industries with 500,000 bpd...

Goldman Sachs expects oil tanker freight rates to decline steadily over the next two years as fleet growth outpaces demand, easing the...

The International Air Transport Association (IATA) anticipate heightened profitability for the global airlines industry in 2025, the group announced...

Saudi Aramco has cut the OSP for its flagship Arab Light crude loading in January 2025, reflecting the lower cash cargo premiums...

Taiwan's Formosa Petrochemical is set to lower run rates at Mailiao refinery in the first quarter of next year due to planned maintenance work, a company...