(EnergyAsia, July 20, 2022, Wednesday) — Driven by growing fears of a new energy crisis, the world will add more than a million barrels in liquid fuels storage capacity by 2026, said research firm Global Data….
(EnergyAsia, July 12, 2022, Tuesday) — The normally mundane act of oil stockpiling has become the latest point of irritation in the increasingly troubled ties between the United States and China….
EnergyAsia, June 8, 2022, Wednesday) — Indian Oil Corp Limited (IOC) will build nine crude oil tanks with a combined storage capacity of 540 million litres (3.4 million barrels) at Mundra Port in India’s northwestern state of Gujarat….
(EnergyAsia, June 6, 2022, Monday) — Dutch storage giant Royal Vopak has completed its joint venture with logistics provider Aegis Group to become a major independent fuel and chemicals terminal operator in India….
(EnergyAsia, June 6, 2022, Monday) — Australia is reeling from a double whammy of record fuel and electricity prices made worse by years of official neglect of the country’s oil refining industry and stockpiling mandate….
(EnergyAsia, June 2, 2022, Thursday) — Following the closure of its only refinery in the Philippines, the local subsidiary of Anglo Dutch Shell has been expanding its oil import, storage and distribution business….
(EnergyAsia, February 16, 2022, Wednesday) — The China-Russia strategy to confront the West includes a play on the energy vulnerabilities of India and Kazakhstan….
(EnergyAsia, February 14, 2022, Monday) — Russia took the gold medal for deal-making at the Beijing Winter Olympics when it secured more than US$110 billion worth of oil and gas contracts with the games’ host last week….
(EnergyAsia, February 12, 2022, Saturday) — China’s oil products exports will likely decline in the medium term owing to an on-going consolidation of its refining sector and Beijing’s focus on meeting the needs of domestic consumers. There is also environmental pressure to curb the country’s carbon emissions….
(EnergyAsia, January 27, 2022, Thursday) — One of Thailand’s leading downstream oil companies has announced plans to expand its retail business in Asia….
(EnergyAsia, January 16, 2022, Sunday) — Underlining the formidable competitiveness of its port, Singapore sold 50 million tonnes of bunker shipping fuel and retained its crown as the world’s busiest transhipment hub in 2021….
(EnergyAsia, January 11, 2022, Tuesday) — Vietnam’s two oil state-owned refineries are hopeful that the industry will continue to recover after surviving negative margins and falling demand since the outbreak of the Covid pandemic two years ago….
(EnergyAsia, December 27, 2021, Monday) Rystad Energy —- The Covid-19 pandemic has marked the end of an era for Southeast Asia’s combined oil and gas production, pushing the region’s output in 2021 to below 5 million barrels of oil equivalent per day (boepd) for the first time since 1998, a threshold that is not likely (more…)
(EnergyAsia, August 3, 2021, Tuesday) — China has succeeded where the International Energy Agency (IEA) and the Middle East have failed for a decade: terrify Australia to take its oil storage obligations seriously….
(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….
(EnergyAsia, August 1, 2021, Sunday) — India will add 6.5 million tonnes of crude oil storage capacity in a second-phase expansion to lift the nation’s total to 11.83 million tonnes (87 million barrels)….
(EnergyAsia, July 19, 2021, Monday) — Sri Lanka is looking to expand its oil supply role in southern Asia as it continues to beef up the logistical infrastructure in and around the island country’s main port of Hambantota….
(EnergyAsia, June 30, 2021, Wednesday) — If Australia is preparing for war in the Asia Pacific region, its approach to fuel supply security could be a major weakness….
(EnergyAsia, June 19, 2021, Saturday) — Indonesia is hoping to jumpstart the economy of two of its poorest provinces with the construction of oil storage tanks and a jetty in the country’s remote easternmost major port city of Sorong….
(EnergyAsia, May 12, 2021, Wednesday) — Malaysia’s state energy firm Petronas will be looking to higher oil prices and an improving economy this year to bounce back from its first-ever annual financial loss in 2020….
(EnergyAsia, May 9, 2021, Sunday) — Thailand’s oil demand plunged nearly 10% in 2020 as the economy shrank 6.1% under the impact of the COVID pandemic….
(EnergyAsia, May 4, 2021, Tuesday) — Spared the full impact of the COVID-19 pandemic, Brunei’s economy was among a fortunate few that grew in 2020 when most of the world fell into a deep recession….
(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….
(EnergyAsia, April 14, 2021, Wednesday) — Singapore has added liquefied natural gas (LNG) fuelling to its menu of services for the world’s shipping fleet calling at its port….
(EnergyAsia, April 11, 2021, Sunday) — Malaysia’s southern Johor state continues to expand its oil storage role in Asia with the official start-up of another 430,000 cubic metres of capacity off the port of Pengerang last week….