(EnergyAsia, May 31 2017, Wednesday) — China could be in line to buy up more crude oil released from the US strategic petroleum reserves (SPR) following its first purchase in February. The prospect of the US selling off more stockpiled crude to China reflects the radically different outlook on supply adopted by the world’s two largest oil-consuming countries.
(EnergyAsia, May 30 2017, Tuesday) — With a wary eye on China’s expanding presence in their neighbourhood, Sri Lanka and India have agreed to jointly develop a largely underused oil tank farm in the strategic port of Trincomalee located on the island state’s northeastern region.
(EnergyAsia, May 29 2017, Monday) — Nearly three years after promising to improve the flow and quality of data on petroleum stockpiles, China is still struggling to meet the expectations of traders and analysts.
(EnergyAsia, May 28 2017, Sunday) — China Railway Engineering Corporation (CREC) has won a U$400 million engineering, procurement and construction (EPC) contract to build a recently revived oil storage project in Malaysia’s southern Johor state.
(EnergyAsia, May 27 2017, Saturday) — Myanmar has started up its largest and Asia’s newest oil terminal to import fuels to meet the country’s growing energy demand.
(EnergyAsia, May 1 2017, Monday) — China’s HNA Innovation Finance Group Ltd is preparing to expand into the global oil storage industry when it completes the establishment of a new joint-venture firm with Swiss-based commodities trader Glencore.