(EnergyAsia, June 29 2017, Thursday) — With the 2016 Brent crude price at a recent new low of US$43.74 a barrel, OPEC’s net oil export revenues plunged to a 13-year low of US$433.4 billion, said the US Energy Information Administration (EIA)….
(EnergyAsia, June 19 2017, Monday) — As it digs in for a protracted political battle against several Arab countries, Qatar has been given a major endorsement by Anglo-Dutch energy giant Shell with the signing of two new business agreements….
(EnergyAsia, June 16 2017, Friday) — Iraq is on course to boost its crude oil production capacity to a record five million b/d by end-2017, representing an increase of 10% to 15% over last year, said analysts….
(EnergyAsia, June 15, 2017, Thursday) — Saudi Arabia’s state oil firm Aramco and China’s Development Research Center (DRC) have agreed to step up their collaboration and research activities in the energy sector….
(EnergyAsia, June 9 2017, Friday) — The mother of all black swans swooped down on the Middle East this week and took the Arab world of Sunni Muslims to the brink of an unthinkable civil war….
(EnergyAsia, June 2 2017, Friday) — Thanks to its well-established storage, refining and banking infrastructure, Singapore remains an important player in Asia’s booming oil trade despite growing competition from other countries….
(EnergyAsia, June 1 2017, Thursday) — With China unable or unwilling to provide timely and accurate data on its oil stockpiling programme, two US satellite firms said they have the technology to help companies track and measure the country’s oil flows….
(EnergyAsia, May 31 2017, Wednesday) — China could be in line to buy up more crude oil released from the US strategic petroleum reserves (SPR) following its first purchase in February. The prospect of the US selling off more stockpiled crude to China reflects the radically different outlook on supply adopted by the world’s two…
(EnergyAsia, May 30 2017, Tuesday) — With a wary eye on China’s expanding presence in their neighbourhood, Sri Lanka and India have agreed to jointly develop a largely underused oil tank farm in the strategic port of Trincomalee located on the island state’s northeastern region….
(EnergyAsia, May 29 2017, Monday) — Nearly three years after promising to improve the flow and quality of data on petroleum stockpiles, China is still struggling to meet the expectations of traders and analysts….
(EnergyAsia, May 28 2017, Sunday) — China Railway Engineering Corporation (CREC) has won a U$400 million engineering, procurement and construction (EPC) contract to build a recently revived oil storage project in Malaysia’s southern Johor state….
(EnergyAsia, May 27 2017, Saturday) — Myanmar has started up its largest and Asia’s newest oil terminal to import fuels to meet the country’s growing energy demand….
(EnergyAsia, May 1 2017, Monday) — China’s HNA Innovation Finance Group Ltd is preparing to expand into the global oil storage industry when it completes the establishment of a new joint-venture firm with Swiss-based commodities trader Glencore….
(EnergyAsia, April 23 2017, Sunday) — Its once high-flying economies battered by two years of contraction, Central Asia is now waking to the growing threats of political instability, homegrown terrorism, and increased superpower manouvering in its backyard….
(EnergyAsia, April 17 2017, Monday) — China will remain a growing market for oil and natural gas exports from Kazakhstan with the recent launch of new links connecting the two countries….
(EnergyAsia, April 14 2017, Friday) — Proponents of an 1,800-km pipeline to deliver natural gas from Turkmenistan to Afghanistan, Pakistan and India remain hopeful the project will be built despite running up against a continuous tide of political, financial and security challenges….
(EnergyAsia, April 3, 2017, Monday) — Central Asia’s weakening economic confidence has been further battered by reports that China has indefinitely delayed the planned expansion of a major pipeline network to import natural gas from the region….
(EnergyAsia, March 29, 2017, Wednesday) — Despite a near doubling in crude oil prices over the past year, the resources-dependent economies of Central Asia are nowhere near a full recovery and will continue to struggle in the near term, said the World Bank and Asian Development Bank (ADB)….
(EnergyAsia, March 28 2017, Tuesday) – US ratings agency Moody’s said Kazakhstan has been more resilient than Azerbaijan in adjusting to the collapse of oil prices since mid-2014….
(EnergyAsia, March 21 2017, Tuesday) — US ratings agency Fitch said Azerbaijan’s state oil company, SOCAR, faces the risk of a credit downgrade due to its continuing financial struggles….
(EnergyAsia, March 17 2017, Friday) — Kazakhstan’s economy will continue to recover with growth projected at 2.5% in 2017 to follow through last year’s 1% expansion and 2015’s 3.7% contraction, predicts the International Monetary Fund (IMF)….
(EnergyAsia, March 8, 2017, Wednesday) — Australia has been importing petroleum products at a rate faster than its oil companies have been shutting down refining capacity this decade, an analysis of official data has shown….
(EnergyAsia, March 3 2017, Friday) — Saudi Arabia has handed Malaysia a major diplomatic and economic prize by agreeing to pump in a total of US$7 billion in a US$27 billion oil refinery-petrochemical complex that had been struggling to attract investors….
(EnergyAsia, February 18, 2017, Saturday) — Is China’s US$10.5-trillion economy becoming less dependent on oil and smokestack industries?…
(EnergyAsia, February 13, 2017, Monday) — Helped by increased shipping traffic, Singapore said its sale of bunker fuel surged by nearly 7.7% to a record 48.61 million tonnes last year from 45.16 million tonnes in 2015….