(EnergyAsia, June 19, 202, Friday) — The recent uptick in Asia’s oil demand, led by China and India, has contributed to a decline in crude and products stored in tankers, say analysts. The two countries account for 55% of the region’s 36 million barrels/day oil market….
SRI LANKA: China-backed Hambantota Port says tank farm and fuel services fully operational
(EnergyAsia, June 16, 2020, Tuesday) — Sri Lanka has taken another step forward to becoming a fuels trading hub in South Asia with the start-up of an oil tank farm and bunker fuel supply services in the southeastern port of Hambantota….
CHINA: Crude imports, stockpiling continue at record pace amid low oil prices
(EnergyAsia, June 13, 2020, Saturday) — With the Brent crude price hovering at a four-year low of just under US$40 a barrel, China has been importing oil at a record rate and planning to expand storage capacity….