The Business Times

Oil refining

Energy & Commodities

Aster Chemicals invests US$125 million in mooring, pipeline works for Singapore refinery

Ethylene is a prime example of how China is fighting a rising tide of chemicals capacity after a decade of overzealous investment.
Energy & Commodities

China set to tackle petrochemicals overcapacity with overhaul

The reclamation of Jurong Island in the 2000s created an integrated energy and chemicals cluster that now houses over 100 companies powering regional energy trade.
Opinion & Features
BRUNCH

From rubber roots to risk management: Singapore’s 60-year mastery of global trades

The revival comes as China vows to curb excess capacity across industries such as steel and solar.
Energy & Commodities

China’s overcapacity drive faces stubborn oil-refiner revival

China is the world’s biggest crude importer and the teapots are a cornerstone of a market that has driven gains in global oil demand for over a decade.
Energy & Commodities

After petrol, China’s oil refiners face a jet fuel glut

The potential sales come as Chevron restructures globally to streamline operations and reduce costs, a process that could see it lay off up to 20 per cent of its workforce by the end of next year.
Energy & Commodities

Chevron seeks buyers for 50% stake in Singapore refinery: sources

FILE PHOTO: The Saudi Aramco logo is pictured in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo
Energy & Commodities

Saudi Aramco looks to invest in Indian refineries

Soaring freight costs due to the fallout from the US sanctions are also adding to the costs faced by refiners.
Energy & Commodities

Asian oil refiners mull run cuts, closures as crude costs soar

China is the world’s biggest crude importer and the teapots are a cornerstone of a market that has driven gains in global oil demand for over a decade.
Energy & Commodities

China oil refineries face reckoning as Beijing tackles overcapacity

Sinochem inherited the troubled Shandong refineries in a Beijing-orchestrated merger in 2021 with their previous operator, state-owned ChemChina.
Energy & Commodities

Sinochem may keep bankrupt refineries as auctions draw scant interest: sources

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More