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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)
Myanmar farmers battle diesel shortages during harvest
Myanmar’s rice farmers are scrambling for diesel as global supply disruptions linked to the Iran conflict deepen an already fragile economy weakened by years of civil war.
Higher fuel costs threaten Thailand’s inflation outlook
Thai motorists faced one of the sharpest fuel price rises in decades on Thursday after the government scaled back subsidies strained by soaring global oil costs.
Laos secures diesel supplies to ease fuel crunch
Laos has moved to stabilise its fuel market by securing a 14mn litre diesel shipment as global oil disruptions and rising demand strain domestic supplies.
Vietnam orders rapid construction of strategic oil depot
Vietnam’s prime minister has ordered the rapid construction of a strategic petroleum storage facility in Thanh Hoa province to strengthen the country’s energy independence.
Seoul to deepen fuel tax cuts
South Korea will more than double its temporary fuel tax cuts in an effort to ease pressure on households and industry as the conflict in the Middle East continues to disrupt energy markets.
Philippine aircraft face grounding risk as supplies tighten
Philippine aircraft could be grounded due to a looming jet fuel shortage linked to the Middle Eastern crisis, President Ferdinand Marcos Jr. said on March 24.
Japan seeks new IEA oil release to curb prices
South Korea faces LNG price volatility after Qatar halt
Sri Lanka faces power strain as coal issues and fuel delays hit generation mix
Sri Lanka’s power sector is coming under mounting pressure as global fuel supply disruptions, substandard coal imports and delayed shipments threaten electricity generation.
Bangladesh raises jet fuel prices by 80%
Bangladesh has sharply increased jet fuel prices by around 80%, taking domestic aviation fuel rates to BDT202.29 ($1.65) per litre, amid volatility in global energy markets linked to the Middle East conflict.
India’s Reliance buys Iranian crude after US eases sanctions
Reliance Industries has purchased around 5mn barrels of Iranian crude, marking India’s first such deal in nearly five years following a temporary easing of US sanctions.
Fuel crisis prompts Cambodia schools to rethink transport options
Cambodia’s Ministry of Education, Youth and Sports (MoEYS) is pushing schools and universities to adopt shared transport, public buses, and energy-saving practices to ease the impact of the ongoing fuel and electricity crunch.
Myanmar fuel shortages deepen as airstrikes on civilians continue
Myanmar’s military government has tightened fuel access for civilians while maintaining air operations that continue to hit civilian areas, highlighting stark disparities in fuel allocation during the ongoing crisis.
Thailand coordinates with Iran to ensure tanker transit
A Thai oil tanker has safely navigated the Strait of Hormuz following diplomatic coordination between Thailand and Iran, easing concerns over energy shipments through the conflict-hit waterway.
Japan's Inpex continues push in Australia's Beetaloo basin
Japan’s Inpex has expanded its push into Australia’s onshore gas sector by farming into acreage in the Beetaloo Sub-basin.
ExxonMobil starts drilling at Turrum Phase 3 offshore Australia
ExxonMobil has begun drilling for its Turrum Phase 3 project offshore Australia, as it seeks to boost gas supply to the country’s tightening east coast market and reinforce its position in the Gippsland Basin.
EnQuest eyes further Southeast Asian expansion
London-based EnQuest is stepping up its expansion in Southeast Asia as it looks to build a larger gas-focused business in the region.
Australia hit hard by high fuel import dependency
Australia’s status as a major LNG exporter has offered little protection from the Hormuz-driven energy crisis, which is tightening refined fuel supply, lifting costs and exposing the country’s dependence on imports.
Losers and winners from the Qatari LNG disruption
While European and Asian importers have been hit hard by the disruption in Qatari LNG to varying degrees, the crisis has both short- and long-term benefits for US exporters and other LNG competitors.
Iran tells ‘non-hostile vessels’ they can pass through Strait
Tehran has formally notified the International Maritime Organization (IMO) that “non-hostile vessels” may now navigate the Strait of Hormuz, provided they act “in co-ordination with Iranian authorities”.
The Philippines declares national energy emergency
The Philippines has declared a nationwide energy emergency, becoming the first country to take such a step in response to disruptions caused by the ongoing conflict involving Iran.
Singapore court rejects OCBC’s $56mn claim over capsized oil rig
OCBC Bank has lost a $56mn insurance claim linked to a jack-up oil rig that capsized in 2018, after Singapore’s highest court ruled that the bank had not proven the vessel was lost due to “perils of the seas”
Malaysia backs New Zealand energy security push amid global conflict
After a phone call with New Zealand Prime Minister Christopher Luxon, Malaysia has welcomed the country’s efforts to strengthen energy security as global conflicts continue to disrupt energy markets
Indonesia awards nine new oil and gas blocks to boost exploration
Indonesia has awarded nine oil and gas working areas across several key basins, with total firm commitments of about $84.75mn and signature bonuses of $3.65mn, the Energy and Mineral Resources Ministry said.

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