China's oil major PetroChina said on Thursday its Dushanzi Petrochemical unit's 1.2 million metric tons per year ethylene project in Xinjiang had started up successfully on the first attempt.
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Top Russian energy companies have approached Indian refiners for more gasoline after Ukrainian strikes knocked out a significant portion of Russia's refining capacity, two sources familiar with the matter told Reuters on Wednesday.
Ukrainian drones attacked Russia's big Salavat petrochemical complex in the Urals region, the local governor said, but he predicted it would return to normal output within days.
President Donald Trump said on Monday that the United States was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz after Tehran claimed it had closed the vital waterway.
India has asked renewable energy companies to either surrender transmission rights or provide higher bank guarantees if they fail to generate power, as the country seeks to free up grid capacity for projects that are actually producing electricity, according to a regulatory order.
Iranian oil supplies at sea are rising after Tehran ramped up exports during the interim peace deal with the United States, but sales have been slow as China's independent refiners have turned to cheaper crude from Iraq, the UAE and Qatar.
U.S. President Donald Trump said on Sunday that the Strait of Hormuz is open to commercial traffic, though the U.S. and Iran continue to trade attacks that have raised concerns over safety on one of the world’s most important oil shipping routes.
The global oil market will break out of its roughly $80-$100 range by the first quarter of 2027 at the latest, boosting inflation and reducing energy demand, if the Middle East conflict continues, Claudio Descalzi, the CEO of Italian state-controlled group Eni said.
India's top explorer Oil and Natural Gas Corp will build a 1.75 million metric ton (MT) national strategic petroleum reserve in Mangalore in southern India, the company said in a stock exchange filing late Thursday.
The government of Ghana has signed a Memorandum of Understanding (MoU) with Petrochemical Holding GmbH (PCH) to build a $700 million chemical manufacturing complex and roll out a nationwide programme to recover gold from mining waste and clean up degraded sites.
Qatar has paused efforts to rapidly revive production at the world’s largest liquefied natural gas facility after an attack on one of its tankers near the Strait of Hormuz raised safety concerns, Bloomberg reported Thursday.
U.S.-based LNG producer Venture Global said on Wednesday average liquefaction fees jumped 69% in the second quarter from the previous three months, benefiting from higher global LNG prices after the Iran war disrupted supplies through the Strait of Hormuz.
Shipping traffic through the Strait of Hormuz has virtually come to a standstill today, according to vessel-tracking data cited by Bloomberg.
Indian state-held refiners are considering buying Iranian crude oil if the United States extends the waiver on Iran's oil sales beyond August or further eases restrictions on that trade.
The Strait of Hormuz remains the world's most critical oil shipping route, carrying roughly one fifth of global oil and a significant share of liquefied natural gas exports.
Another two Japanese-owned supertankers carrying Saudi Arabian crude were heading to the Strait of Hormuz to exit the Persian Gulf on Tuesday, shipping data from LSEG and Kpler showed, joining a fleet of previously stranded vessels that left a day earlier.
Iran has allowed two Indian-flagged liquefied petroleum gas carriers to sail through the Strait of Hormuz, four sources with direct knowledge of the matter said, a rare exception to the Iranian blockade that has disrupted global energy supplies.
ADNOC has launched a global liquefied natural gas (LNG) marketing and trading platform in Abu Dhabi Global Market (ADGM).
India has boosted domestic LPG production by 25% after ordering refineries and petrochemical plants to maximize output by redirecting propane, butane, propylene, and butenes to the LPG supply for household consumers.
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman have agreed to adjust their oil production while reaffirming their commitment to maintaining global oil market stability.