Sunday, 19 January 2025
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Trixie Yap

FILE PHOTO: Immigration inspection officers in protective suits check a tanker carrying imported crude oil at the port in Qingdao, Shandong province, China May 9, 2022. China Daily via REUTERS  /File Photo
BusinessNewsOilPoliticsTrade

China’s Shandong Port, entry point for most sanctioned oil, bans US-designated vessels

The move comes weeks after the U.S. imposed further sanctions on companies and ships that deal with Iranian oil.

AviationFuelNewsOilPoliticsTradeTransport

Singapore’s Dec jet fuel imports hit multi-year high on India, S. Korea supply

Singapore is a major trading and storage hub for refined fuel in Asia.

FILE PHOTO: An employee fills the tank of a car with petrol at a gas station in Shanghai February 7, 2012.  REUTERS/Aly Song/File Photo
BusinessFuelNewsOil

Global diesel prices to rely on refinery closures for support in 2025

About 1 million barrels per day of refining capacity in Europe and the U.S. is expected to permanently shut down next year.

FILE PHOTO: A view of Shell's Pulau Bukom refinery in Singapore, July 18, 2024. REUTERS/Caroline Chia/File Photo
BusinessNewsOil

Glencore-Chandra Singapore refinery to earmark 20% of output for Shell, sources say

Glencore and Chandra Asri aim to finalize their Singapore refinery acquisition in Q1 2025, launching Aster for operations.

FILE PHOTO: Tanker trucks are seen among oil tankers docked at the port of Tuxpan, in Veracruz state, Mexico April 22, 2020. REUTERS/Oscar Martinez/File Photo
AnalysisBusinessFinanceFuelIn-DepthOil

Global refiners face profit slump as new plants come online

Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows, following big returns post-pandemic

FILE PHOTO: Workers ride a motorcycle past one of the access to the state oil company Pemex's Olmeca refinery in Dos Bocas, Paraiso, Mexico June 21, 2024. REUTERS/Luis Manuel Lopez/File Photo
NewsOilTrade

Mexico seeks more 2025 fuel import deals after refinery delays

Due to Olmeca refinery problems, Mexico fuel imports set to rise as Pemex talks to overseas refiners about possible trading deals.

FILE PHOTO: A container ship passes Shell's Pulau Bukom refinery in Singapore November 17, 2020.  REUTERS/Edgar Su/ File Photo/File Photo
AnalysisBusinessIn-DepthIndustryNewsOil

Shell’s Singapore refinery sale and its market significance

Oil giant Shell said Wednesday it has agreed to sell its Bukom refinery – one of the world's largest oil refining and trading...

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