(EnergyAsia, October 21 2017, Saturday) — India must speed up the expansion of its oil and gas infrastructure as well as the pace of energy reforms to sustain the country’s recent rapid rate of economic growth, said three analysts with consultant Wood Mackenzie.
(EnergyAsia, October 20 2017, Friday) — India’s growing importance to the global energy markets was underlined by the attendance of senior officials of international firms and organisations including Saudi Aramco’s president and CEO Amin H. Nasser at an energy forum in New Delhi last week.
(EnergyAsia, October 8 2017, Sunday) — India has received its first cargo of imported crude oil from the United States, with more on the way as the two countries look to expand trade to build on their warm political ties.
(EnergyAsia, October 7 2017, Saturday) — On the back of a rapidly expanding economy, India’s oil demand will increase by six percent in 2018, making it the fastest growing in Asia, said US ratings agency Moody’s Investor Service.
(EnergyAsia, August 28 2017, Monday) — With oil prices seemingly stuck in the US$40-to-$50 a barrel range, China has been in a hurry to import crude at increasingly higher high rates. Chinese crude imports rose to an all-time high of 9.2 million b/d in March, compared with 7.6 million b/d for all of 2016, according to estimates by the US Energy Information Administration (EIA) and Reuters.
(EnergyAsia, August 25 2017, Friday) — More than three years into the global energy price collapse, complacent consumers could be ripe for another shock from “substantially higher oil prices” in the next few years, according to two economists at the Federal Reserve Bank of San Francisco.
(EnergyAsia, August 23 2017, Wednesday) — On the back of a 13.8% surge in the first half of 2017, China’s crude oil import is on course to reach another record-high level this year.
(EnergyAsia, August 22 2017, Tuesday) — China’s crude oil production is on course to decline for the second consecutive year after registering a higher-than-expected fall of 5.1% in the first half of 2017 over the same period of 2016.
(EnergyAsia, August 21, 2017, Monday) — Russian energy giant Rosneft’s plan to export natural gas to China has been boosted by its recent sale of a 20% stake in a subsidiary firm to Beijing Gas.
(EnergyAsia, August 16 2017, Wednesday) — With an important political convention to be held later this year, China is pulling out all the stops to ensure its slowing economy will turn in a creditable performance for 2017.
(EnergyAsia, July 3, 2017, Monday) — Iran has signed a landmark US$5 billion agreement with France’s Total and China National Petroleum Corp (CNPC) to jointly develop phase 11 of its hugely coveted South Pars natural gas field.
(EnergyAsia, June 29 2017, Thursday) — Saudi Arabia’s hopes for a lofty market valuation of soon-to-be-listed state energy firm Aramco has been boosted by a consulting firm’s decision to raise the kingdom’s recoverable oil reserves by more than 26%.
(EnergyAsia, June 29 2017, Thursday) — With the 2016 Brent crude price at a recent new low of US$43.74 a barrel, OPEC’s net oil export revenues plunged to a 13-year low of US$433.4 billion, said the US Energy Information Administration (EIA).
(EnergyAsia, June 19 2017, Monday) — As it digs in for a protracted political battle against several Arab countries, Qatar has been given a major endorsement by Anglo-Dutch energy giant Shell with the signing of two new business agreements.
(EnergyAsia, June 16 2017, Friday) — Iraq is on course to boost its crude oil production capacity to a record five million b/d by end-2017, representing an increase of 10% to 15% over last year, said analysts.
(EnergyAsia, June 15, 2017, Thursday) — Saudi Arabia’s state oil firm Aramco and China’s Development Research Center (DRC) have agreed to step up their collaboration and research activities in the energy sector.
(EnergyAsia, June 9 2017, Friday) — The mother of all black swans swooped down on the Middle East this week and took the Arab world of Sunni Muslims to the brink of an unthinkable civil war.
(EnergyAsia, June 2 2017, Friday) — Thanks to its well-established storage, refining and banking infrastructure, Singapore remains an important player in Asia’s booming oil trade despite growing competition from other countries.
(EnergyAsia, June 1 2017, Thursday) — With China unable or unwilling to provide timely and accurate data on its oil stockpiling programme, two US satellite firms said they have the technology to help companies track and measure the country’s oil flows.
(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.