(EnergyAsia, March 31 2019, Sunday) — Malaysia is on course to challenge neighbour Singapore as an oil products exporter with plans for a 60% increase in its 658,000 b/d primary refining capacity and expensive upgrades of secondary facilities over the next two years….
SINGAPORE: Bunker market to remain under pressure after last year’s 1.6% decline
(EnergyAsia, March 30, 2019, Saturday) — Singapore’s bunker fuels market is expected to remain under pressure in 2019 to follow on last year’s 1.6% decline in sales volume….
BRUNEI: Asia’s latest oil products exporter when refinery starts up in second half 2019
(EnergyAsia, March 25, 2019, Monday) — Brunei expects to soon join Asia’s crowded bandwagon of oil products exporting nations when its US$3.4-billion refinery-petrochemicals complex starts up later this year….
MALAYSIA: Petronas net profit up 22% in 2018, but worries remain on continuation of oil price slump
(EnergyAsia, March 11 2019, Monday) — Despite the good news of a 22% rise in net profit for 2018, Malaysia’s state energy firm, Petronas Berhad, held back celebrations on account of a weak fourth quarter weighed down by falling oil prices and a slowing global economy….
INDIA: A nation of oil hubs?
(EnergyAsia, March 6, 2019, Wednesday) — India is talking up the idea of becoming a nation of “oil hubs” as it dreams of building more strategic petroleum stockpiling sites along its two coastlines facing the Arabian Sea and the Bay of Bengal….
MALAYSIA: Weak oil prices, economy weighed on Petronas’s retail subsidiary
(EnergyAsia, March 5, 2019, Tuesday) — A combination of lower oil prices, weaker margins and rising cost slashed the net profit of Malaysia’s leading domestic downstream oil company by nearly 45% last year….