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. In ordering yet another review of the nation’s energy security, the government...

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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. The World Bank has forecast Southeast Asia’s 10 economies to grow by a combined 5.2% this year, up from last year’s 5.1%...

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