Oil refining
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
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
China’s Hengyi pushes ahead with Brunei oil refinery expansion
Global oil refining capacity is set to rebound this year after shrinking in 2025
Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake
The deal is expected to be nearing a conclusion
Aster invests US$155 million to expand Singapore’s Bukom refinery capacity
The rejuvenation projects are targeted to be operational in 2026
Aster Chemicals invests US$125 million in mooring, pipeline works for Singapore refinery
[SINGAPORE] Singapore’s Aster Chemicals and Energy is investing US$125 million to upgrade its single buoy mooring and pipeline infrastructure near Bukom refinery, the company said on Tuesday (Sep 30).
China set to tackle petrochemicals overcapacity with overhaul
Beijing has flagged its intention in March to force plants to produce less transport fuels and more petrochemicals, as electrification rapidly undermines traditional energy usage
From rubber roots to risk management: Singapore’s 60-year mastery of global trades
Today, the Republic acts as a central node for price discovery in key commodities, housing almost 400 international players
China’s overcapacity drive faces stubborn oil-refiner revival
The issue is particularly pertinent to oil refining as the sector grapples with a likely peak in the country’s petrol demand due to the uptake of electric vehicles and slowing diesel growth
After petrol, China’s oil refiners face a jet fuel glut
Beijing has urged a shift towards making more petrochemical products, including ethylene, a key building block for many plastics, but that has done little to ease the financial pain
