COMMENT By Abhi Bhuchar * (EnergyAsia, July 17, 2020, Friday) — For most segments of the oil and gas industry in Asia, the outlook is dismal for the next two years at least. One exception may be fuel retailing where a fractionalized market with large swaths of underdeveloped assets seems headed for consolidation and major (more…)
(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….
(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….
(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….
(EnergyAsia, May 9, 2020, Saturday) — India has boosted its strategic petroleum reserves to a record 32 million tonnes or over 235 million barrels after a recent spate of buying to take advantage of the collapse in world oil prices….
(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)….
(EnergyAsia, April 25, 2020, Saturday) — After years of debate and delay, Australia has announced it will establish its first state-owned crude oil stockpile with an initial investment of A$94 million (US$1=A$1.56)….
(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….
(EnergyAsia, April 12, 2020, Sunday) — Asia will drag down global oil demand growth for 2020, said the Organisation of Petroleum Exporting Countries (OPEC) in its latest monthly report for March….
(EnergyAsia, April 2, 2020, Thursday) — The Philippines’ oil industry is bracing for its worst year in over a decade as the nation’s fuels consumption is expected to plunge in line with global trends….
(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….
(EnergyAsia, March 29, 2020, Sunday) — With the global economy in freefall, Singapore’s bunker fuel trade volume will likely fall further — and sharply — in 2020 to “achieve” an unprecedented three consecutive years of decline….
(EnergyAsia, March 24, 2020, Tuesday) — Malaysia’s state energy firm, Petronas, is bracing for further declines to its revenue and profit in 2020, following through on last year’s dismal showing….
(EnergyAsia, March 19, 2020, Thursday) — Southeast Asia’s largest refinery-petrochemical complex will be further delayed from a full commercial start-up after it was hit by another massive fire, its second in less than a year….
(EnergyAsia, December 10, 2019, Tuesday) — Despite emitting signs of an impending deal, Saudi Arabia is still no clearer to making its first investment in India’s five-million-b/d oil market….
(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)….
(EnergyAsia, November 22, 2019, Friday) — These days, the growing divide between Asia and the West isn’t just confined to trade issues or human rights….
(EnergyAsia, November 20, 2019, Wednesday) — Azerbaijan is bracing for the loss of vital American investment in its fragile economy following Chevron’s exit from the country’s oil industry that could soon be followed by ExxonMobil….
(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)….
(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….
(EnergyAsia, November 7, 2019, Thursday) — China’s Hengyi Petrochemical Co Ltd said it has started commercial operations at its joint-venture integrated oil-petrochemical complex in the Southeast Asian state of Brunei….
(EnergyAsia, November 4, 2019, Monday) — As one of the world’s leading energy producers and exporters, Australia has been among a handful of lucky countries seemingly untouched by the threat of global oil supply disruptions….
(EnergyAsia, October 28, 2019, Monday) — “The Chinese nation cannot be stopped”, China’s President Xi Jinping declared in a nationalistic speech on October 1 to mark the 70th anniversary of his country’s national day….
(EnergyAsia, October 21, 2019, Monday) — India’s appetite for US oil and gas is set to grow as New Delhi’s search for energy security adds to the strengthening of bilateral ties between the two countries….
(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…