(EnergyAsia, May 25 2018, Friday) — Abu Dhabi has begun storing crude oil in India with the first delivery of a two-million barrel cargo to an underground cavern in the western port of Mangalore early this week….
CHINA: Strategic petroleum capacity, the world’s largest, to rise another 30% by 2020, says IEA
(EnergyAsia, May 25 2018, Friday) — China may have built up the world’s largest strategic petroleum capacity in 2017, according to data provided by the International Energy Agency (IEA)….
AUSTRALIA: As oil prices surge amid low fuel stockpile, Canberra orders another review
(EnergyAsia, May 15 2018, Wednesday) — Australia clearly believes it is still a lucky country judging from the continued sanguine response to the latest warnings that its petroleum stockpiles are stuck at emergency low levels as crude prices surged to a four-year high….
SINGAPORE: Bunker fuel market hopeful of further growth after 2017 record sales of 50.6 million mt
(EnergyAsia, March 27 2018, Tuesday) — Buoyed by expectations for the region’s sustained economic prospects, Singapore is hopeful its bunker fuel sales will build on last year’s record sales of 50.6 million tonnes….