INDIA: Proposed refinery-petrochemical project still far from certain even with Saudi Arabia, Abu Dhabi participation

(EnergyAsia, August 20 2018, Monday) — The most notable feature of the recent agreements between Saudi Aramco, Abu Dhabi National Oil Co (Adnoc), and a consortium of Indian oil companies to build a US$44-billion refinery-petrochemicals complex on India’s west coast was the absence of a deadline for the proposed project’s completion. As India’s largest proposed...

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ASIA: Rising cost of oil and US dollar stoke fears of economic shock

EnergyAsia, August 19 2018, Sunday Asia’s political stability faces a series of stress tests from the unique triple threats of a possible oil shock, a strong US dollar, and the hardline foreign policy stance of the United States towards China, Russia and Iran. The Brent crude price has been hovering for months at a near...

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ASIA: Region’s share of global oil demand at record 35.2%

(EnergyAsia, August 7, 2018, Tuesday) — Asia’s share of the world’s oil market has nearly doubled over the past 30 years to a record 35.2% in 2017, according to BP’s latest annual review of energy statistics. The region accounted for 34.6 million barrels per day (b/d) of global consumption of nearly 98.2 million b/d of...

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