MYANMAR: Crude oil pipeline to China starts up

(EnergyAsia, January 30 2015, Friday) — Myanmar has officially started up the final 771-km section of a major pipeline to deliver crude oil from a new deepwater port on the Bay of Bengal in southwestern Rakhine state to China’s landlocked Yunnan province.   This complete article is available to Members Only […]  

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MARKETS: OPEC boosts outlook for global oil demand for 2015, economic growth in the US and Eurozone

(EnergyAsia, January 30 2014, Friday) — With oil prices trading new near six-year lows, Organisation of Petroleum Exporting Countries (OPEC) has boosted its 2015 outlook for global oil demand and the economic prospects of the US and Eurozone. Crude prices are still under selling pressure despite North Sea Brent hitting a low of US$47.57 a […]

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MARKETS: After months of decline, crude trades in holding pattern just below US$50 a barrel

(EnergyAsia, January 28 2015, Wednesday) — After seven months of largely uninterrupted decline, crude prices appear to have settled into a trading range between US$45 and US$49 per barrel in recent weeks. Analysts are divided over whether this represents a lull before the next leg of the market’s sustained plunge or the medium-term floor for […]

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MARKETS: EIA sees further increases in global oil demand and supply for 2015, slashes crude price outlook

(EnergyAsia, January 27 2015, Tuesday) — The US Energy Information Administration (EIA) has raised its forecasts for both global oil demand and supply growth for 2015 in its January report compared with the previous month. It has also sharply slashed its forecast for crude prices with North Sea Brent to average $58 per barrel in […]

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RUSSIA: Crude sales to surge on reduced export duty and weaker refinery demand, says ESAI

(EnergyAsia, January 26 2015, Monday) — Russia will increase its crude sales abroad by about 200,000 b/d next month in response to reduced export tax rates and weak demand from domestic refiners, according to US-based consultant ESAI Energy. In its CIS Watch report, ESAI said it expects Russia to export more crude oil and less petroleum […]

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MIDDLE EAST: Oil-exporting countries in region and nearby areas to lose US$300 billion from falling prices, says IMF

(EnergyAsia, January 23 2015, Friday) — The oil-exporting countries in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) and the Caucasus and Central Asia (CCA) regions will lose an estimated total of US$300 billion in export revenues this year as a result of the oil price collapse, said the International Monetary Fund (IMF).   […]

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AUSTRALIA: Earnings from resources and energy exports to decline by 10% in 2014-15, says Department of Industry

(EnergyAsia, January 21 2015, Wednesday) — Due to lower commodity prices, Australia’s earnings from natural resources and energy export earnings will fall by about 10% to A$176 billion in the current financial year to June 30, said the Department of Industry. (US$1=A$1.22). Earnings from liquefied natural gas (LNG) exports will buck the general trend to […]

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