JAPAN: Eneos to convert Osaka refinery, focus Chiba plant on exports

(EnergyAsia, October 20, 2020, Tuesday) — In response to Japan’s declining domestic oil consumption, the country’s largest downstream company, Eneos Holdings, has announced a restructuring of the ownership and operations at two of its refineries….

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ASIA: Gasoline retail ripe for consolidation in the wake of COVID-19

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…)

ASIA: Oil stored in offshore tankers easing on uptick in demand

(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….

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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….

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INDIA: Strategic petroleum stockpile at record level as storage efforts shift to tankers

(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….

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CHINA: Shortage of storage capacity hampers Shanghai exchange’s global oil pricing ambition

(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)….

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MARKETS: Asia whiplashed as oil goes from the threat of US$200 a barrel to the reality of US$20

(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….

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THAILAND: PTT’s expansion plan under threat as outlook darkens, net profit down 22.3% for 2019

(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….

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INDIA: Energy security to weaken as OPEC predicts more than doubling of oil demand by 2040

(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)….

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CENTRAL ASIA: Oil-and-gas importing economies to grow at faster rate than exporters, says IMF

(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)….

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CENTRAL ASIA: Regional bloc maps out energy strategy, says ADB

(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….

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BRUNEI: China’s Hengyi Petrochemical starts up Asia’s newest refinery-petrochemical complex

(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….

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