NEW ZEALAND: Sole refinery could become import and storage terminal

(EnergyAsia, August 2, 2021, Monday) — New Zealand could become the first industrialised economy to be without an oil refinery when investors vote Friday August 6 to decide whether to convert the country’s only fuel-producing plant into an import and storage terminal….

This article is for Subscriber members only.
Log In Register

INDONESIA: COVID-19, lack of foreign interest threaten $60 billion plan for refining sector

(EnergyAsia, April 29, 2021, Thursday) — Indonesia’s proposed US$60 billion plan to expand and upgrade its ageing oil refining sector is at risk of being held back by the lack of interest from foreign investors and the economy’s continuing uncertain outlook….

This article is for Subscriber members only.
Log In Register

JAPAN: Eneos to convert Osaka refinery, focus Chiba plant on exports

(EnergyAsia, October 20, 2020, Tuesday) — In response to Japan’s declining domestic oil consumption, the country’s largest downstream company, Eneos Holdings, has announced a restructuring of the ownership and operations at two of its refineries….

This article is for Subscriber members only.
Log In Register

ASIA: Oil stored in offshore tankers easing on uptick in demand

(EnergyAsia, June 19, 202, Friday) — The recent uptick in Asia’s oil demand, led by China and India, has contributed to a decline in crude and products stored in tankers, say analysts. The two countries account for 55% of the region’s 36 million barrels/day oil market….

This article is for Subscriber members only.
Log In Register

SRI LANKA: China-backed Hambantota Port says tank farm and fuel services fully operational

(EnergyAsia, June 16, 2020, Tuesday) — Sri Lanka has taken another step forward to becoming a fuels trading hub in South Asia with the start-up of an oil tank farm and bunker fuel supply services in the southeastern port of Hambantota….

This article is for Subscriber members only.
Log In Register

CHINA: Shortage of storage capacity hampers Shanghai exchange’s global oil pricing ambition

(EnergyAsia, May 3, 2020, Sunday) — China’s attempt to have a bigger influence on world crude prices has been partly hampered by the lack of storage capacity to help traders settle oil futures contracts on the Shanghai International Energy Exchange (INE)….

This article is for Subscriber members only.
Log In Register

MARKETS: Asia whiplashed as oil goes from the threat of US$200 a barrel to the reality of US$20

(EnergyAsia, April 20, 2020, Monday) — In under six months, the world went from fearing the devastating prospects of crude oil at US$200 a barrel to experiencing the equally devastating reality of the commodity’s collapse to $20….

This article is for Subscriber members only.
Log In Register