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Oil refining

Energy & Commodities

China’s private refiners snap up Middle East oil as prices slide

With commercial traffic via Hormuz picking up, Middle Eastern producers are racing to bring idled output back online.
Energy & Commodities

Growing oil glut spurs Asian refiners to offer cargoes to the US

Beijing has cut exports since March after the Iran war started, to ensure sufficient domestic fuel supplies.
Energy & Commodities

China to raise refined fuel export allowance in July, sources say

Aster's deputy CEO Andre Khor says the company plans to sell more bitumen from its Singapore facility to Indonesia.
Energy & Commodities

Singapore oil refiner Aster still on M&A hunt, ‘open’ to IPO as assets mature

Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”
Companies & Markets
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‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

Refiners are trying to bring supply to market ahead of a full reopening of Hormuz, which may tank prices, traders says.
Energy & Commodities

Asian refiners brace for surge in Persian Gulf oil after US-Iran ceasefire agreement

Hengli is now the world’s largest producer of purified terephthalic acid, used in making synthetic fibres.
Energy & Commodities

Hengli, China’s silk-to-petrochemicals empire, faces the chill of US sanctions

Eneos is looking to widen its overseas operations via the purchases from Chevron, while looking at other buys.
Energy & Commodities

Eneos to buy Chevron’s Singapore refinery stake, Asian assets for US$2.2 billion

Hengli Petrochemical's refining complex in China's Dalian in 2018.
Energy & Commodities

Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources

The independents face an estimated loss of 500 yuan to 600 yuan for each tonne of crude processed in the last week of April, according to a source.
Energy & Commodities

China’s independent crude refiners cut output in May as losses mount amid Iran war: sources

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