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.