Oil refining

Asian refiners scour the world for oil with Hormuz flows halted

Asia, which depends heavily on crude from producers in the Persian Gulf, faces the greatest exposure to the disruption

The planned order comes as Trump faces heavy political pressure to tackle rising fuel prices ahead of the November midterm elections.

Trump to invoke emergency law for offshore oil producer Sable

California relies heavily on foreign crude, which made up about 61% of the oil used by its refineries last year

Chinese refineries typically keep around 15 days worth of crude as a buffer.

China’s energy security push pays off as war roils Asia refiners

Beijing has moved swiftly to curb diesel and petrol exports to conserve domestic supply

Buyers in Asia’s developed countries, which can pass down costs to consumers, have been busy buying shipments for April onward.

Queues, price hikes and shortages as Asia battles fuel crunch

Disarray has been spreading after just days of war, and for many, the risks are rising

China has a vast refining sector, but much of its production is funnelled to serve domestic demand, meaning it is not a critical supplier.

China tells top refiners to halt diesel and petrol exports

Across Asia, the country ranks third for seaborne exports, behind South Korea and Singapore

Major Asian markets like China, India, South Korea and Japan are among the most reliant on oil that needs to transit Hormuz.

Asian oil refiners could cut run rates on Hormuz logjam

Some major processors are looking at run cuts of 20 to 30% as dozens of oil-laden tankers remain stuck in the Persian Gulf

State oil giant Saudi Aramco’s 550,000 barrels per day (bpd) Ras Tanura refinery was shut as a precautionary measure.

Major Saudi refinery shut amid Mideast strikes

The situation at Aramco’s Ras Tanura refinery is under control

Nanshan Group plans to build a crude refinery in the Galang Batang special economic zone on Bintan.

China’s Nanshan Group plans 100,000 bpd refinery in Indonesia

Chinese firms have been looking to set up refineries in South-east Asia

BPCL is India’s second-largest state-run processor with a refining capacity of 35.3 million tonnes a year.

India’s Bharat Petroleum plans Singapore trading hub to cut costs and boost margins

The Mumbai-based refiner’s new desk will initially be staffed by four traders

China imported 389,000 barrels per day of Venezuelan oil in 2025.

Chinese refiners expected to replace Venezuelan oil with Iranian crude

Analysts say the Venezuela drama hits ‘teapots’ the hardest, and do not foresee them bidding up for unsanctioned barrels