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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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Thailand struggles with inflation fueled by energy market volatility
Thailand’s finance minister has defended the government’s planned borrowing for energy transition projects, saying the country is facing an unpredictable economic crisis driven largely by soaring energy costs.
Vietnam explores synthetic aviation fuel using renewable energy
Vietnam pushes ahead with green aviation fuel plans after a state refinery signed a deal with Germany’s GIZ to explore synthetic fuel production using power-to-liquid technology.
Japan takes second Russian oil cargo
Japanese refiner Idemitsu Kosan has purchased a cargo of Russian crude oil, becoming the second Japanese company to resume such imports since disruption in the Middle East upended global energy markets.
World oil inventories falling fast towards hard operational floor
The world's oil buffer is disappearing faster than at any point in recorded history. Two months into the near-closure of the Strait of Hormuz, global inventories are drawing down at a pace that has already exceeded the previous quarterly record.
Shell resumes limited fuel sales in Indonesia at $2.11/litre
Shell Indonesia officially resumed retail operations in Greater Jakarta and Bandung on May 10, ending a month-long drought at its pumps
Australia to require LNG exporters to keep 20% for domestic supply
LNG exporters in Australia will soon have to begin saving one-fifth of their production for the domestic market as Canberra seeks to prevent soaring gas prices and shortages.
Laos becomes key player in ASEAN energy plans
ASEAN leaders are advancing discussions on a regional fuel reserve system after recent supply disruptions linked to tensions in the Middle East, alongside renewed efforts to build a more connected Southeast Asian power network.
Myanmar fuel market eases with price reductions
The Central Bank of Myanmar (CBM) has begun selling US dollars to fuel importers, even as domestic fuel prices continue to fall for a third straight week, according to the Fuel Import, Storage and Distribution Supervisory Committee
Ghana, UAE deepen energy alliance as Abu Dhabi eyes oil and gas investments
Ghanaian President John Mahama and United Arab Emirates leader Sheikh Mohamed bin Zayed Al Nahyan agreed to deepen strategic cooperation in the energy sector, including proposed UAE investments in oil and gas storage facilities in Ghana.
Beijing becomes the chessboard as Iran pre-empts Trump-Xi summit
Araghchi's pre-emptive trip to Beijing, 14 days before Trump meets Xi, has put Iran's interests on the table before Washington can carve them off.
Singapore’s Jadestone Energy eyes expansion in Indonesia
Singapore-based Jadestone Energy(JSE) is moving to expand its presence in Indonesia, shifting its strategy toward acquiring stakes in already-producing oil and gas fields
New Zealand to store fuel in Malaysia, Singapore
New Zealand is exploring a strategic shift in its energy security policy by considering the storage of national fuel reserves in Malaysia and Singapore
Japan has enough petchems to last this year: PM
Japan has secured enough supplies of naphtha-derived chemical products to last beyond the end of 2026 despite disruption risks linked to the Iran war and the Strait of Hormuz crisis.
Australia's MPK secures long-term contract for gas gathering network from Santos
MPK said the award extends a relationship that has seen the company active across Santos’ Surat Basin operations since 2016.
Australia to spend $7.2bn to boost fuel stockpiles
Australia will spend A$10bn to boost fuel stockpiles and establish a permanent government-owned strategic reserve as the Iran war and disruption risks in the Strait of Hormuz expose the country’s heavy dependence on imported fuel.
China's CNOOC posts 7.1% growth in Q1 earnings
China’s state offshore oil producer CNOOC Ltd. reported a 7.1% rise in first-quarter net profit as higher crude prices driven by the Iran war and stronger output lifted earnings.
Conrad's Maku gas project remains on track
Project partner Empyrean Energy said operator West Natuna Exploration had awarded more than $280mn of capital contracts by the end of the first quarter.
Thailand scraps 25-year-old deal with Cambodia on joint offshore exploration
Thailand has terminated a 25-year-old agreement with Cambodia aimed at advancing joint offshore oil and gas exploration in disputed areas of the Gulf of Thailand, a move that risks further straining ties after deadly border clashes last year.
Formosa Petrochemical lifts Taiwan refinery output to 80%
Formosa Petrochemical Corp, Taiwan's leading private refiner, will receive 2mn barrels of crude oil at Mailiao Port, according to company president Lin Keh-yen.
Eneos Xplora acquires 10% stake in Malaysia’s Petronas MLNG Tiga project
Japan’s Eneos Xplora has purchased a 10% stake in Petronas’ Malaysia LNG Tiga project.
India leans harder on coal as heatwave, Iran conflict strain energy supplies
India is increasing its reliance on coal-fired power as a combination of extreme summer heat and global supply disruptions linked to the Iran conflict drive up electricity demand and constrain alternative fuels.
Laos and Thailand expand energy ties for economic resilience
Laos and Thailand have reaffirmed their commitment to closer energy cooperation, seeking to bolster supply stability in an increasingly uncertain global environment.
Chinese scientists pioneer industrial process to convert CO₂ into jet fuel
Chinese scientists have developed an industrial pathway for converting carbon dioxide directly into jet fuel using an inexpensive iron-based catalyst, according to research published by the Shanghai Advanced Research Institute.
Nigeria’s NNPCL signs MoU with Chinese companies to revive refineries with equity partnership model
Nigeria’s state oil company entered wants Chinese firms to accelerate the overhaul and restart of the state-owned 210,000-bpd Port Harcourt and 125,000-bpd Warri refineries amid soaring oil prices.
Japan quietly resumes Russian oil imports as Hormuz crisis forces a pragmatic rethink
A cargo of Russian oil arrived in Japan for the first time since the closure of the Strait of Hormuz as pragmatism overtakes principles in Tokyo.
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