AsianOil - Asia Oil & Gas
Vietnam fuel prices ease after global oil dip
Fuel prices in Vietnam fell on the afternoon of April 8, tracking a decline in global markets following a ceasefire in the Middle East.
Laos promotes electric vehicles while controlling essential goods
Laos has set out five key priorities to ease economic pressures on households and businesses, focusing on fuel, electric vehicles, prices, trade, and mining regulation.
Thai PM silent on refinery, fuel investigation
On April 7, Prime Minister Anutin Charnvirakul declined to comment on several matters, including refinery operations and an ongoing fuel probe. When asked about the two-week ceasefire between the United States and Iran, he responded only with a nod
Fuel crisis deepens Myanmar food security fears
Myanmar’s fragile economy is under growing strain as fuel and fertiliser shortages threaten food production at a critical time.
Korea secures additional 60mn barrels to bypass Hormuz closure
South Korea has arranged for an extra 60mn barrels of oil from alternative global suppliers for May 2026. The procurement replaces Middle Eastern shipments blocked by the ongoing closure of the Strait of Hormuz.
Sri Lanka unveils $320mn relief plan to cushion vulnerable groups from energy shock
Sri Lanka, on April 7, rolled out a record $320mn relief package aimed at supporting farmers, fishermen and low-income households most affected by rising energy costs linked to the Middle East conflict.
South Korea hunts stable oil supply in Oman, Kazakhstan
South Korean presidential chief of staff Kang Hoon-sik departs for Kazakhstan, Oman and Saudi Arabia as a special envoy to bolster energy supplies.
Thailand weighs emergency law to curb fuel costs
Thailand’s new government is considering invoking emergency powers to rein in high fuel costs if negotiations with oil refiners fail.
Vietnam targets 90-day fuel reserves amid risks
Rising tensions in the Middle East have disrupted global oil flows, pushing Vietnam to reassess how it can secure sufficient fuel reserves despite limited public finances.
Thai Airlines suspends routes amid rising fuel prices
Thai Lion Air, Nok Air and Thai AirAsia have suspended some domestic and international routes, citing rising operating costs linked to escalating tensions in the Middle East.
Can pipelines make a comeback?
The shock to LNG supply is forcing buyers to confront both physical disruption and rising dependence on the US, which could revive interest in long-stalled pipeline projects.
Southeast Asia’s energy squeeze
The war in Iran has delivered a systemic shock to global energy markets, but few regions have felt the strain as acutely, or quite as quickly, as Southeast Asia.
Sri Lanka hikes LPG prices sharply amid global energy surge
Sri Lanka, on April 6, increased liquefied petroleum gas (LPG) prices by nearly a quarter, citing rising global energy costs linked to the ongoing Iran conflict.
Iran opens Hormuz for friendly nations, including Malaysia with zero-fee transit
The Strait of Hormuz has partially reopened for so-called friendly nations after a month-long blockade, with Malaysia securing a high-priority exemption that allows seven of its vessels, including PETRONAS-chartered tankers, to transit without paying
India's Cairn Oil & Gas ties up 25-MW hybrid renewable supply for Barmer operations
Cairn Oil & Gas has secured 25 megawatts (MW) of captive hybrid renewable energy through a partnership with Serentica Renewables, marking a shift towards cleaner power at its key Rajasthan operations.
Pakistan orders early market closures to curb energy use
Pakistan has rolled out sweeping energy conservation measures, ordering markets and shopping malls to shut by 8 pm in most parts of the country from April 7, as authorities respond to rising global fuel costs.
Reliance begins direct purchases of Venezuelan crude
A unit of India’s Reliance Industries has started loading a 2mn-barrel cargo of Venezuelan heavy crude purchased directly from state-run PDVSA.
Rising fuel prices force Thai airlines to trim routes
Thai carriers are scaling back services as soaring fuel prices, driven by conflict in the Middle East, begin to hit the industry.
Illegal fuel production in Laos exposes vehicle risks
Authorities in Vientiane have shut down an illegal fuel production facility producing substandard petrol with dangerously high sulphur content, following a raid on April 4, 2026.
Bangladesh foils illegal diesel shipment bound for Myanmar
Twelve suspected smugglers have been detained after attempting to transport diesel illegally to Myanmar, authorities in Bangladesh said.
Bangladesh turns to spot market yet again to counter supply fears
Bangladesh has accelerated its efforts to secure confirmed LNG supplies by moving to purchase three additional cargoes for May delivery from the spot market as concerns continue over potential disruptions from the Gulf.
Malaysian PM says direct-line diplomacy secures release of Petronas tankers in Hormuz
Malaysian Prime Minister Anwar Ibrahim reveals that his personal intervention with Iranian President Masoud Pezeshkian successfully secured the release of seven Malaysian tankers previously held in the Strait of Hormuz
Pakistan confronts power shortfall as oil and gas shocks expose internal weakness
Pakistan is facing the prospect of a power shortfall approaching 30% as a combination of external oil and LNG supply disruptions and domestic mismanagement places significant strain on the country’s energy system.
Pakistan’s Sindh Province secures fare freeze as fuel costs rise
Chief Minister Murad Ali Shah has secured a province-wide freeze on public transport fares following negotiations with transport operators, as authorities respond to rising fuel costs driven by the global oil crisis.
IMF presses Pakistan to cap energy subsidies
Pakistan has been asked by the International Monetary Fund to restrict energy sector subsidies to a ceiling of PKR830bn ($2.98bn) in the forthcoming budget, as part of ongoing fiscal consolidation efforts.
Pakistan initiates digital payouts to transport sector to counter fuel shock
Pakistan’s Prime Minister Shehbaz Sharif has said the government has started to distribute relief funds to public transport and freight operators through digital wallets, as it seeks to cushion the impact of sharply rising fuel costs.
Laos inflation accelerates amid a sharp increase in fuel prices
Laos’ inflation has surged to 9.7%, driven by soaring fuel prices linked to the global oil crisis
Chinese energy giant expands ambitions in Vietnam's power sector
China Energy Engineering Group Global is seeking to deepen cooperation with Vietnam’s state utility as it targets opportunities in clean and conventional power.
Cambodian tuk-tuk drivers demand support amid fuel crisis
Hundreds of tuk-tuk drivers in Phnom Penh staged a protest against ride-hailing platform Grab on April 3, demanding higher fares and lower commissions as soaring fuel prices squeeze their earnings.
OPEC+ sets symbolic quota rise as Hormuz closure bites
OPEC+ has agreed a modest increase in oil production quotas from May, a move that is more about signalling future intent than shifting near‑term supply
Russia to increase energy supplies to India
Russia has indicated it is prepared to increase deliveries of oil and LNG to India, in order to maintain support for New Delhi’s fertiliser requirements, as global energy markets remain unsettled.
Taiwan secures LNG supply assurances from a ‘major’ country
Taiwan has received assurances over LNG supplies from a major producing country, according to the island’s economy minister, as concerns grow over the impact of the Iran war on energy imports from the Middle East.
Tight LNG market spurs China to resell record volumes
The world’s largest LNG importer is capitalizing on sky-high prices in the Asian LNG spot market with Chinese firms reselling record volumes amid ample supply from domestic and pipeline gas.
Japanese tanker becomes first LNG vessel to transit Strait of Hormuz
A Japanese LNG carrier belonging to Mitsui OSK Lines has become the first LNG vessel to pass through the Strait of Hormuz since the conflict erupted in the Middle East.
Japan’s JERA annuls deal with Commonwealth LNG
Japan’s largest energy company JERA has terminated its long-term LNG sales and purchase agreement with US developer Commonwealth LNG.
China resells LNG cargoes at premium as Asian prices surge
China has been reselling liquefied natural gas cargoes, including volumes linked to Russian projects, at two to three times their original purchase price, as it capitalises on a sharp rise in Asian energy price spike.
Petrol, diesel prices surge to record highs as Pakistan hikes fuel rates
Pakistan has raised petroleum prices to historic levels, with petrol set at PKR458.40 per litre and high-speed diesel at PKR520.35 per litre, following a steep revision driven by global oil market pressures.
Chinese consortium launches 400 MW Laos solar project
A new consortium led by Chinese firms is advancing plans for a 400 MW solar power plant in Laos, marking a significant push into Southeast Asia’s renewable energy market.
Jurong Island’s output cut triggers $1.64 petrol spike in Australia
Singapore’s reclaimed oil refining region, the 32-square-kilometre Jurong Island, has become the primary driver of record-high petrol prices in Australia as Middle East supply shocks ripple through the Asia-Pacific energy corridor.
Taiwan aviation fuel fees jump 157% as crude climbs
A massive spike in international and domestic flight costs is imminent as aviation authorities respond to the escalating global energy crisis.
Sri Lanka lines up Russian fuel imports
Sri Lanka has finalised arrangements to import fuel from Russia, as authorities work to stabilise supplies amid elevated global energy prices.
Pakistan, France discuss energy security, mining cooperation
Pakistan’s Federal Minister for Petroleum Ali Pervaiz Malik met France’s Ambassador to Pakistan, Nicolas Galey, to review the regional energy situation and explore opportunities for expanding bilateral cooperation in the energy and mining sectors.
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