SINGAPORE: Finland’s Neste buys stake in jet fuel storage and supply company

(EnergyAsia, May 24, 2023, Wednesday) — Finland’s leading energy firm Neste Corporation has bought a minority stake in a firm specialising in the storage and distribution of aviation jet fuel at Singapore’s Changi international airport….

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CHINA: Beijing targeted by new U.S. laws to “protect” oil reserves

(EnergyAsia, January 29, 2023, Sunday) — With China in mind, the United States House of Representatives has passed two new laws this month that limit the President’s ability to release stockpiles from the nation’s Strategic Petroleum Reserves (SPR)….

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CHINA: Crude oil imports from Russia rising despite reduced refinery operations

(EnergyAsia, September 22, 2022, Thursday) — This commentary is from the U.S. Energy Information Administration. The resurgence of COVID-19 cases since March 2022 and China’s policy of localized mobility restrictions has recently reduced refinery activity in China. China’s refineries have been processing less crude oil so far this year than last year, and China has (more…)

CHINA: Product exports fall on rising domestic oil demand, refining sector’s consolidation

(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….

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Rystad: Southeast Asia’s oil and gas output slumped to lowest since 1998

(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…)

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….

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INDONESIA: Oil storage projects could spur economic development of eastern provinces

(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….

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