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.

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 ...

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.

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.

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.

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 ...

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) ...

At least two Chinese refineries - privately led Zhejiang Petrochemical Corp and Sinopec-operated Fujian refinery - have begun reducing throughput this month, and more plants are expected to curb ...

Amcor has partnered with Belgium-based De Ceuster Meststoffen NV (DCM) to introduce a new recycle-ready, mono-material polyethylene (PE) film for its fertilizer portfolio in Europe. The innovation ...

Asia's naphtha margin touched 4-yr highs this week as supplies tightened. Petrochemical makers in top producer Asia, however, are preparing to halt operations and trim run rates as buyers braced for ...