The rising risk of a drawn-out conflict has particular significance for South Korea, the world's fourth-largest oil importer, which gets around 70% of its oil from the Middle East.

CNOOC and Shell Petrochemicals Company Limited, or CSPC, plans to close a 1.2 million metric ton-per-year (tpy) cracker situated in Huizhou city of Guangdong province, one of its two crackers with ...

The general superintendence of Brazil's antitrust watchdog CADE approved the agreement for private equity firm IG4 Capital to buy a controlling stake in petrochemical firm Braskem from conglomerate ...

Hungary and Slovakia are keen to keep supplies coming from Russia and have exemptions from current European Union sanctions.

Jet fuel prices have risen 15% in the past week, another challenge for an industry already dealing with the fallout from the expanding conflict, with more than 20,000 flights cancelled and thousands ...

India has invoked emergency powers and directed refiners to maximise production of liquefied petroleum gas (LPG) to prevent a shortage of the cooking fuel after supply disruptions caused by the Middle ...

Asian buyers are rushing to secure fuel supplies to offset production losses from expected refinery run cuts as the near-halt in traffic in the Strait of Hormuz constrains oil supply to the region.

Asian steam crackers, which source more than 60% of their naphtha feedstock from the Middle East, have been quick to declare force majeure on petrochemical supplies to customers.

The Iran conflict, now in its seventh day, has left the Strait of Hormuz, a critical shipping chokepoint, all but shut, cutting countries off from a fifth of global oil and liquefied natural gas (LNG) ...

Construction will occur in phases, with the first phase expected to be completed in 2030.

Thailand has about 95 days of oil reserves and will increase mandatory fuel reserves to 3% from 1%, Energy Minister Auttapol Rerkpiboon told reporters after the meeting. "Our reliance on Qatar's LNG, ...

European Union countries gave the final approval to a new climate target to slash greenhouse gas emissions 90% by 2040, pressing ahead with the bloc's ambitious climate agenda des ...