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)….

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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….

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THAILAND: PTT’s expansion plan under threat as outlook darkens, net profit down 22.3% for 2019

(EnergyAsia, March 31, 2020, Tuesday) — PTT plc, Thailand’s main energy firm, may have to revise its ambitious expansion plan as it faces the simultaneous threats of a global economic recession, slumping oil and gas prices, and declining profitability in 2020….

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INDIA: Energy security to weaken as OPEC predicts more than doubling of oil demand by 2040

(EnergyAsia, November 27, 2019, Wednesday) — India is unlikely to resolve its energy supply challenge for at least another 20 years, judging by the latest oil forecast issued by the Organisation of Petroleum Exporting Countries (OPEC)….

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CENTRAL ASIA: Oil-and-gas importing economies to grow at faster rate than exporters, says IMF

(EnergyAsia, November 17, 2019, Sunday) — For the first time this century, the economies of the oil-and-gas importing nations of the Caucasus and Central Asia (CCA) region will grow at a faster rate than those of its energy exporters, predicts the International Monetary Fund (IMF)….

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CENTRAL ASIA: Regional bloc maps out energy strategy, says ADB

(EnergyAsia, November 16, 2019, Saturday) — Ministers from 11 member countries in a Central Asia group have endorsed a long-term strategy to improve the region’s energy security as part of a bigger goal to boost its investment potential and economic outlook….

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CHINA: Superpower ambition faces energy, water supply constraints

(EnergyAsia, October 16, 2019, Wednesday) — In its drive to become the world’s leading superpower (1), China has set its sights on developing and controlling artificial intelligence, 5G networks and robotics. But a confluence of recent events warns that China likely faces its most pressing challenges in the less glamorous business of securing oil, gas…

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CHINA: Canada’s breakthrough LNG deal

(EnergyAsia, August 13, 2019, Tuesday) — British Columbia (BC)’s emerging liquefied natural gas (LNG) industry may have just shone a small light into the long dark tunnel enveloping the bilateral relations between Canada and China….

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ASIA: Singapore expected to remain region’s main oil pricing and trading hub, says Platts editor

(EnergyAsia, June 21, 2019, Friday) — Singapore will likely remain Asia’s main oil trading hub despite a growing challenge from countries in the region as they expand their domestic storage and refining investments, according to an industry analyst….

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PHILIPPINES: Work on strategic oil stockpile likely to proceed slowly

(EnergyAsia, June 18 2019, Tuesday) — It’s been over a year since the Philippines government announced its latest intention to establish a strategic petroleum reserves (SPR) to help the country cope with volatile prices and the possibility of future supply disruptions….

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