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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)
Guyana to play pivotal role in lifting Chinese CNOOC's reserve levels
Chinese national oil company CNOOC has outlined its oil production and reserves targets for 2026, with its Guyana operations positioned as a critical driver of growth as the company seeks to expand output and replace reserves.
India in talks to widen gas supply network to Angola amid tight Middle East deliveries
Four Indian state-owned companies are negotiating to source gas from Angola as the Asian giant seeks alternative sources because of constrained supplies from the Middle East.
Cyclone shuts down Australian LNG plants further squeezing supply
Around 8% of the world’s LNG supply was disrupted by cyclone Narelle off the western coast of Australia.
INPEX to prioritise Kazakh and Azerbaijani oil for Japan amid supply concerns
Japan’s INPEX reportedly plans to prioritise crude oil supplies from Kazakhstan and Azerbaijan for Japanese buyers as concerns grow over disruptions to oil shipments coming out of the conflict-torn Middle East.
Two Australian states make public transport free amid Middle East conflict
The state governments of Victoria and Tasmania will offer free public transport to incentivise commuters to ditch their cars as the conflict in the Middle East drives Australian fuel prices to record highs.
Thai authorities hike diesel despite rising subsidy costs
Diesel prices in Thailand have climbed above THB40 ($1.21) per litre for the first time in months, following an overnight decision by authorities to raise fuel rates amid soaring global oil costs.
South Korea considers emergency powers for price control
President Lee Jae Myung ordered bold interventions to tackle the energy crisis sparked by Middle Eastern instability, stating the government may invoke constitutional emergency financial and economic orders if the situation worsens.
Philippine DOE secures 165mn litres of diesel supply
The Philippine Department of Energy (DOE) has secured 1.042mn barrels of diesel to reinforce the national fuel supply as geopolitical volatility continues to destabilise global oil markets, the department announced on March 31.
Philippine drafts carpool rules for fuel relief
The Metropolitan Manila Development Authority (MMDA) introduced a draft framework for a new carpooling initiative on March 30, designed to help commuters mitigate the impact of rising fuel prices.
LG Chem secures Russian naphtha for South Korea
LG Chem Ltd. has successfully obtained 27,000 tonnes of naphtha sourced from Russia. This acquisition comes as the domestic industry faces potential disruptions to its supply chain resulting from ongoing hostilities within the Middle East.
Jet fuel prices soar over 150% in Pakistan in under a month
Jet fuel prices in Pakistan have surged by more than 150% in less than four weeks, underscoring the intense pressure from volatile global oil markets and rising geopolitical tensions.
Sri Lanka raises power tariffs as war-driven energy costs mount
Sri Lanka has increased electricity tariffs for most households by 7.2% and for industries by 8.7%, as the country contends with rising energy costs linked to the Iran war.
Japan steps up efforts at oil diversification
Japan is stepping up efforts to diversify its crude oil supply as the crisis in Iran and the de-facto blockade of the Strait of Hormuz expose the country’s heavy reliance on Middle Eastern imports.
India, Russia eyes resumed LNG trade
India and Russia are preparing to resume direct LNG supplies for the first time since the start of the war in Ukraine.
Iran could earn $60bn a year from Strait of Hormuz tariffs, economist says
An Iranian economist says controlling the Strait of Hormuz could generate $60bn a year in transit tariffs for Tehran.
Philippine refiner Petron buys 2.48mn barrels of Russian crude
The Philippine energy giant Petron Corporation has purchased roughly 2.48mn barrels of Russian crude oil. This acquisition is a strategic response to global logistics volatility and the recently declared state of emergency.
Indonesia seeks Iran’s help to clear Pertamina tankers
Indonesia is in emergency talks with Iran to secure safe passage for two Pertamina tankers carrying Saudi crude through the Strait of Hormuz, the energy ministry said on March 30
S&P says Bangladesh faces rising energy risks
Bangladesh is confronting mounting energy-related vulnerabilities with limited room for policy manoeuvre, as global supply disruptions and geopolitical tensions restrict its ability to absorb external shocks.
Oil at $112 pushes Taiwan fuel prices higher
Taiwan’s state-owned refiner CPC Corp will raise petrol and diesel prices this week, lifting rates by TWD1.7 and TWD1.5 per litre respectively, the company said on March 30.
Petronas denies role in the Philippines fuel supply deal
Malaysia’s state energy giant Petronas has denied any involvement in a reported fuel supply arrangement with a local government unit in the Philippines.
Thailand defends fuel shipments to Laos and Myanmar
Thailand has clarified why it continues exporting fuel to Laos and Myanmar despite tightening domestic supplies, saying the shipments are crucial to maintaining electricity generation and regional energy agreements.
Thai PM announces Hormuz transit deal with Iran
Thailand has struck a deal with Iran to allow its oil tankers to pass safely through the Strait of Hormuz, Prime Minister Anutin Charnvirakul announced on March 28, easing fears of further disruption to the country’s fuel supplies.
Hungary’s MOL JV makes new gas discovery in Pakistan
A joint venture led by MOL Pakistan made a major oil discovery in Pakistan's District Kohat, which is expectedc to boost MOL’s production by 400 boepd.
Vietnam seeks safe, priority transit through Hormuz
Vietnam is seeking diplomatic support to ensure its vessels can pass safely and with priority through the Strait of Hormuz, as security risks in the Middle East continue to disrupt global shipping.
Thai PM apologises as Hormuz tensions hit economy
Thailand is grappling with mounting economic strain from the ongoing US–Iran conflict, which has pushed up fuel prices, disrupted shipping routes and cast uncertainty over tourism and energy costs.
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