(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….
(EnergyAsia, February 14, 2023, Tuesday) — Asia’s oil refiners and traders are looking forward to another year of hefty gains on the back of heavily discounted Russian crude and renewed Chinese demand….
(EnergyAsia, February 10, 2023, Friday) — Hong Kong is on a mission to secure Saudi Aramco’s listing on its stock exchange as part of the Chinese city’s plan to expand financial, business and energy ties with the Middle East….
(EnergyAsia, February 5, 2023, Sunday) — Emerging from nearly three years of a self-imposed COVID lockdown, China is widely expected to lead the surge in the world’s oil consumption growth in 2023….
(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)….
(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…)
(EnergyAsia, July 20, 2022, Wednesday) — Driven by growing fears of a new energy crisis, the world will add more than a million barrels in liquid fuels storage capacity by 2026, said research firm Global Data….
(EnergyAsia, July 12, 2022, Tuesday) — The normally mundane act of oil stockpiling has become the latest point of irritation in the increasingly troubled ties between the United States and China….
EnergyAsia, June 8, 2022, Wednesday) — Indian Oil Corp Limited (IOC) will build nine crude oil tanks with a combined storage capacity of 540 million litres (3.4 million barrels) at Mundra Port in India’s northwestern state of Gujarat….
(EnergyAsia, June 6, 2022, Monday) — Dutch storage giant Royal Vopak has completed its joint venture with logistics provider Aegis Group to become a major independent fuel and chemicals terminal operator in India….
(EnergyAsia, June 6, 2022, Monday) — Australia is reeling from a double whammy of record fuel and electricity prices made worse by years of official neglect of the country’s oil refining industry and stockpiling mandate….
(EnergyAsia, June 2, 2022, Thursday) — Following the closure of its only refinery in the Philippines, the local subsidiary of Anglo Dutch Shell has been expanding its oil import, storage and distribution business….
(EnergyAsia, February 16, 2022, Wednesday) — The China-Russia strategy to confront the West includes a play on the energy vulnerabilities of India and Kazakhstan….
(EnergyAsia, February 14, 2022, Monday) — Russia took the gold medal for deal-making at the Beijing Winter Olympics when it secured more than US$110 billion worth of oil and gas contracts with the games’ host last week….
(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….
(EnergyAsia, January 27, 2022, Thursday) — One of Thailand’s leading downstream oil companies has announced plans to expand its retail business in Asia….
(EnergyAsia, January 16, 2022, Sunday) — Underlining the formidable competitiveness of its port, Singapore sold 50 million tonnes of bunker shipping fuel and retained its crown as the world’s busiest transhipment hub in 2021….
(EnergyAsia, January 11, 2022, Tuesday) — Vietnam’s two oil state-owned refineries are hopeful that the industry will continue to recover after surviving negative margins and falling demand since the outbreak of the Covid pandemic two years ago….
(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…)
(EnergyAsia, August 3, 2021, Tuesday) — China has succeeded where the International Energy Agency (IEA) and the Middle East have failed for a decade: terrify Australia to take its oil storage obligations seriously….
(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….
(EnergyAsia, August 1, 2021, Sunday) — India will add 6.5 million tonnes of crude oil storage capacity in a second-phase expansion to lift the nation’s total to 11.83 million tonnes (87 million barrels)….
(EnergyAsia, July 19, 2021, Monday) — Sri Lanka is looking to expand its oil supply role in southern Asia as it continues to beef up the logistical infrastructure in and around the island country’s main port of Hambantota….
(EnergyAsia, June 30, 2021, Wednesday) — If Australia is preparing for war in the Asia Pacific region, its approach to fuel supply security could be a major weakness….
(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….