(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 more mundane business of securing oil, gas…
(EnergyAsia, August 13, 2019, Tuesday) — British Columbia (BC)’s emerging liquefied natural gas (LNG) industry may have just shone a small light into the long dark tunnel enveloping the bilateral relations between Canada and China….
(EnergyAsia, June 21, 2019, Friday) — Singapore will likely remain Asia’s main oil trading hub despite a growing challenge from countries in the region as they expand their domestic storage and refining investments, according to an industry analyst….
(EnergyAsia, June 18 2019, Tuesday) — It’s been over a year since the Philippines government announced its latest intention to establish a strategic petroleum reserves (SPR) to help the country cope with volatile prices and the possibility of future supply disruptions….
(EnergyAsia, June 16, 2019, Sunday) — Malaysia is stepping up its oil storage investment programme to compete against Singapore for the role of trading and logistics hub in Southeast Asia….
(EnergyAsia, June 10 2019, Monday) — Australia is in no hurry to build up its liquid fuels stockpile nor does it see the need to expand the country’s inadequate oil refining capacity despite nagging worries of a supply shock if imports are disrupted….
(EnergyAsia, June 7 2019, Friday) — Royal Dutch Shell has expanded its crude oil storage capacity in Singapore by more than 5% to 25.82 million barrels with the addition of two new tanks….
(EnergyAsia, June 3 2019, Monday) — India’s hopes of securing multi-billion-dollar investments in downstream oil refinery and storage projects from Saudi Arabia and Abu Dhabi remain stuck in slow-traffic negotiations….
(EnergyAsia, May 29, 2019, Wednesday) — Australia’s fossil fuels industry heaved a collective sigh of relief following the surprise re-election of the climate skeptic and political conservative Scott Morrison as prime minister in the country’s recently concluded general election….
(EnergyAsia, May 28, 2019, Tuesday) — In his first term as India’s prime minister, Narendra Modi delivered a booming economy and fuelled nationalistic pride….
(EnergyAsia, May 26, 2019, Sunday) — Oil prices will find support from China for the rest of 2019 if analyst Laban Yu is proved correct that the country’s oil demand growth is much stronger than estimated by the world’s leading energy agencies….
(EnergyAsia, May 24, 2019, Friday) — Underpinned by Asia’s continuing strong energy appetite, US crude exports surged to a record two million b/d last year from 1.2 million b/d in 2017….
(EnergyAsia, May 6 2019, Monday) — The United States’s emergence as a leading global crude oil exporter in 2019 will partly help Asia cope with the loss of supply from Iran and Venezuela, two analysts said….
(EnergyAsia, May 2, 2019, Thursday) — Asia’s oil refiners will have to live off meager earnings for the rest of the year due to weak market conditions carried over from 2018, said Moody’s Investor Service….
(EnergyAsia, April 29 2019, Monday) — Saudi Arabia has taken a firmer grip on the oil markets in northern Asia with the purchase of a share in a second refining company in South Korea….
(EnergyAsia, April 22, 2019, Monday) — Perhaps the biggest litmus test of whether India is truly open for business is whether it will finally secure Saudi Arabia’s investment for its downstream oil sector….
(EnergyAsia, April 15, 2019, Monday) — Having overtaken China as the world’s fastest growing major economy since 2015, India has also become a huge fuel guzzler….
(EnergyAsia, April 12, 2019, Friday) — The oil markets are once again trading in Narendra Modi’s favour as he bids to win a second term as India’s Prime Minister in the country’s current general election….
(EnergyAsia, April 3, 2019, Wednesday) — Southeast Asia’s oil products deficit will remain substantial at around 1.5 million b/d despite an expected rapid increase in its refining capacity in the coming years….
(EnergyAsia, April 2, 2019, Tuesday) — US major ExxonMobil has announced a “multi-billion-dollar expansion” of its manufacturing complex in Singapore to produce 20,000 b/d of group 2 lube base stocks and 48,000 b/d of low-sulphur marine fuels….
(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….
(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….
(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….
(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….
(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….