AsianOil - Asia Oil & Gas
Venezuela’s oil exports hold steady as China offsets US sanctions hit
Venezuelan oil shipments were largely flat in May, as increased flows to China helped offset the drop caused by the expiry of US authorisations that had previously allowed limited exports
Venezuela quietly taps foreign oil investors amid sanctions
Venezuela is increasingly turning to opaque production-sharing agreements to attract foreign oil investment as US sanctions complicate traditional partnerships.
Thailand and Vietnam lead Southeast Asia’s energy expansion with renewables and LNG
As the world eyes Southeast Asia’s energy future, Thailand and Vietnam stand out not just for the scale of their ambition, but for their ability to combine pragmatism with innovation.
Pakistan sees decline in crude oil and gas in 9MFY25
Pakistan witnessed a notable decline in domestic crude oil and natural gas production during the first nine months (July–March) of fiscal year 2025
Japan said to buy first Russian Sakhalin oil since invasion
The Japanese oil refiner Taiyo Oil bought Russian crude oil on a tanker that’s blacklisted by both the US Treasury and the European Union.
US-China trade optimism pushes oil prices higher
China ceased all imports of US crude in March but continues to source from elsewhere; a far cry from the heady days of 2020 when Beijing was importing 481,000 barrels per day of American oil.
Japan refinery setbacks highlight crude demand and supply vulnerabilities
Japan’s largest oil refiner, Eneos Corporation, has reported an unplanned shutdown at its 77,000 barrel per day No.3 crude distillation unit – part of the sprawling Kawasaki refinery located south of Tokyo.
Indonesia expands cross-border corruption probe as Pertamina case reaches Singapore
Indonesia’s Attorney General’s Office (AGO) has deployed investigators to Singapore in a major escalation of its probe into a multibillion-dollar corruption scandal involving state energy giant PT Pertamina and affiliated oil and gas contractors
Bangladesh seeks additional LNG cargoes, investment from Qatar to boost energy security push
Bangladesh is intensifying efforts to bolster its energy security, requesting additional LNG cargoes and infrastructure investment from Qatar during Chief Adviser Professor Muhammad Yunus’ recent visit to Doha.
Indian Gas Exchange reports 5% decline in May trade volumes
The Indian Gas Exchange (IGX) reported a 5% year-on-year decline in traded volumes for May 2025, with total transactions amounting to 118mn metric standard cubic metres (mmscm).
Asian LNG spot market prices dip amid weak demand and high inventories
Prices on the Asian LNG spot market slid for the first time in five weeks.
Petronas to cut workforce by 10% amid crude price decline and budget pressures
Malaysia’s state-owned oil and gas firm, Petroliam Nasional Bhd (Petronas), is set to reduce its workforce by approximately 10% as part of a broad internal restructuring aimed at mitigating the impact of falling global crude oil prices
India’s crude oil imports from top OPEC+ suppliers surge
India’s crude oil imports from its four leading suppliers—Saudi Arabia, Russia, Iraq, and the UAE—rose sharply in May as these OPEC+ members increased output
Follow us online