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AsianOil’s coverage ranges from established oil and gas producers such as Australia, Indonesia, Malaysia, Thailand and Vietnam to the region’s major refining hubs of India, Singapore, South Korea and Japan and countries in between.
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Read a recent issue cover to cover (click the image below)
Crude palm oil prices rally on supply worries tied to severe weather in Indonesia, Malaysia
Crude palm oil futures surged in the previous trading session as storms, flash floods, and landslides in Malaysia and Indonesia fanned fears of disrupted production and tighter global supply
Algeria and India explore deeper energy and mining ties
Algeria’s Minister of State for Hydrocarbons and Mines, Mohamed Arkab, met India’s Ambassador to Algeria, Swati Vijay Kulkarni, on November 26 to discuss avenues for expanding bilateral cooperation, particularly in hydrocarbons and mining
Shell secures 100,000-barrel petrol purchase from Indonesian Pertamina
Shell(SHEL) has reached an agreement to procure 100,000 barrels of petrol from Indonesia’s state-owned energy company Pertamina, Deputy Energy Minister Yuliot Tanjung confirmed on November 25
Lotte and HD Hyundai begin South Korea's petrochemical industry overhaul
Lotte Chemical (011170.KR) and HD Hyundai Chemical (267250.KR) have sought government approval for a major business overhaul, marking the initial structural adjustment in the South Korean petrochemical industry since discussions began in August.
Odisha inks deal with Oil India to accelerate waste-to-energy rollout
The Odisha state government has signed a deed with state-owned Oil India Limited (OIL) to scale up the conversion of urban waste into green energy
Iran’s offshore crude stockpiles hit 2.5-year high
Iranian crude held in floating storage has swelled to its highest level in around two and a half years as slower buying from China leaves more barrels lingering at sea, according to traders and shipping-intelligence data.
Woodside, Timor-Leste reach breakthrough deal on LNG project
The long-debated onshore LNG vision for Timor-Leste appears closer than at any point since the fields were discovered half a century ago.
Australian Labour backbencher urges priority for domestic gas users over LNG exporters
Australian Labor Party backbencher Ed Husic has re-ignited debate over Australia’s gas export policy, urging the Albanese government to put domestic users ahead of LNG exporters.
South Korea's SK Earthon lands stake in Indonesian exploration oil block
Exploration drilling is expected to start this year.
Pakistan clears Turkey's TPOC to operate exploration block
Pakistan has approved a new offshore exploration consortium, allowing Turkish Petroleum Overseas Company (TPOC) to assume operatorship of the Eastern Offshore Block-C as part of efforts to reinvigorate drilling activity.
Venture Global strikes long-term LNG deal with Japan's Tokyo Gas
US LNG developer Venture Global has entered into a deal with Japan’s Tokyo Gas for 1mn tonnes per year (tpy) of LNG over a 20-year period, with deliveries scheduled to begin in 2030.
India’s Russian oil imports set for three-year low in December
India’s intake of Russian crude is expected to fall to its lowest level in at least three years in December as refiners scale back purchases to avoid breaching tightened Western sanctions
Russian oil discounts to India keep growing
China raises Iranian oil intake routed via Indonesia
Iran is shipping more crude to China via Indonesia, a tactic used to get around US sanctions aimed at curbing Iranian oil trade.
Indonesia auctions seized Iranian supertanker and cargo for $70mn
Indonesia auctions seized Iranian supertanker Arman 114 and 167,000 tonnes of crude oil cargo for minimum $70mn. The 1997-built vessel was detained in 2023 after oil transfer incident at Batam island port. Winner must remove tanker within 30 days.
US sanctions hurt Russian crude numbers sent to China
US measures targeting Russia’s energy giants and critical Chinese import infrastructure have sharply curtailed Moscow’s crude flows to China, sparking concern across global oil markets as Chinese buyers pull back.
US sanctions hurt Russian crude numbers sent to China
US measures targeting Russia’s energy giants and critical Chinese import infrastructure have sharply curtailed Moscow’s crude flows to China, sparking concern across global oil markets as Chinese buyers pull back.
South Korean firms rush to streamline petrochemical operations
South Korean petrochemical corporations are fast-tracking initiatives to rationalise their naphtha cracking centres (NCCs) before the government’s submission deadline closes at the end of the year.
Singapore’s GasCo on the hunt for Q1 2026 LNG
Singapore’s newly established state gas buyer, GasCo, plans to solicit long-term LNG supply offers in the first quarter of 2026 for delivery beginning in 2028, as part of efforts to close a looming supply gap.
Cambodia spends $2bn on energy imports
Cambodia spent $2.02bn on diesel, petrol, and combustion gas imports during the first ten months of 2025, representing an 11.5% decline compared with the same period last year
Unions threaten strike on Woodside’s Pluto 2 LNG expansion
Labour tensions have flared at Woodside Energy’s high-profile Pluto 2 LNG project in Australia, as a union coalition has applied to the Fair Work Commission for authorisation to strike.
PV DRILLING I set for Vietnam Sư Tử field campaign from March 2026
PetroVietnam Drilling & Well Service Corporation is preparing to redeploy its jack-up rig PV DRILLING I to Vietnam in March 2026, following the completion of its current assignment in Malaysia.
Indonesia set to inaugurate refinery development in Balikpapan, aims for fuel self-sufficiency
President Prabowo Subianto summoned Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia to the State Palace on November 20 to discuss key national energy issues, including preparations for the operation of the largest refinery development
Reliance stops using Russian crude at export-only Jamnagar refinery
India confronts stricter US sanctions as Russian oil imports decline
India’s reliance on discounted Russian crude — a pillar of its energy strategy since 2022 — has come under renewed strain as Washington tightens sanctions and imposes fresh tariffs on Moscow’s energy sector.
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