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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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PetroChina and Indian Oil fail to secure tankers for Iraqi crude shipments
Chinese and Indian oil buyers have faced difficulties securing very large crude carriers (VLCCs) to transport Iraqi crude from Basra ports amid soaring freight rates and tightening vessel availability.
South Korea cuts gas import tariffs to 0%
South Korea will eliminate import tariffs on liquefied natural gas and liquefied petroleum gas under a quota system in the second half of 2026, the Ministry of Finance and Economy announced on June 18.
Thai fuel prices expected to remain elevated
Motorists in Thailand are unlikely to see significant relief at petrol stations before the final quarter of 2026, as a combination of supply disruptions and domestic policy measures continues to keep fuel prices elevated
Petrovietnam profit jumps 39% despite debt challenges
The state-owned energy group closed the year with total assets exceeding VND1,178 trillion ($44.7bn), up nearly VND100 trillion from 2024.
Malaysian energy company Vantris Energy exits PN17 classification after restructuring
Marking the end of a corporate survival story in corporate Malaysia, Vantris Energy Berhad (KLSE: VANTNRG), formerly known as Sapura Energy Berhad, has officially repaired its capital structure
Japan secures crude lifeline as energy security drive broadens
For now in Japan, officials feel that current procurement plans, alternative import arrangements and stockpile levels provide a sufficient buffer to support both fuel consumption and industrial demand.
China lives within its means, the resulting fuel demand slump easing pressure on oil markets
Petrol sales at Sinopec, China’s largest refiner and fuel retailer, fell 8% year on year in April, while diesel sales were also down – by 6%.
Marcos heads to Kazan for Russian energy talks
Philippine President Ferdinand Marcos Jr. will hold a bilateral meeting with Russian President Vladimir Putin to discuss energy and food security, the Department of Foreign Affairs (DFA) announced on June 15.
Asia welcomes Iran-US breakthrough, but caution remains
The tentative peace agreement between the United States and Iran has been greeted with a mixture of relief and caution across much of East and Southeast Asia, a region that has borne more than its fair share of the economic fallout of late.
US, Iran peace deal to cut Philippine fuel prices
Philippine fuel prices could return to normal within six to 12 months if the US and Iran sign a peace treaty to end their Middle East conflict, the Department of Energy (DOE) announced on June 15.
South Korea, Qatar reinforce vital LNG supply alliance
South Korea and Qatar held high-level discussions to expand bilateral cooperation in energy and advanced industrial sectors, the South Korean Ministry of Trade, Industry and Resources reported on June 15.
India says fuel, fertiliser supplies remain stable
India’s fertiliser and fuel supplies remain secure despite escalating tensions in West Asia, with authorities reporting adequate inventories, uninterrupted refinery operations and stable logistics across key sectors.
India remains second-largest buyer of Russian energy in May
India remained the second-largest importer of Russian fossil fuels in May, purchasing an estimated €5.8bn ($6.7bn) worth of hydrocarbons as refiners stepped up crude oil imports from Russia.
Myanmar pushes ahead with offshore gas expansion
Myanmar is moving forward with new offshore gas developments amid the global shock with fuel price changes.
After the blockade: what Hormuz’s reopening does and does not resolve
A US-Iran memorandum has reopened the Strait of Hormuz after 108 days, but structural damage to energy markets, insurance and tanker routes will persist well beyond the diplomatic announcement
Trafigura, Vitol target Asia as Venezuelan oil output climbs
Recent outreach has included South Korea, Malaysia and India, where traders have pitched Venezuelan barrels at competitive prices
Oil prices drop as Pakistan announces US-Iran deal
Oil prices fell in early Asian trading after Pakistan, which has been mediating efforts to end the US-Iran war, announced a deal that US President Donald Trump said would lead to the reopening of the Strait of Hormuz.
South Korea marks ninth Red Sea oil shipment
A South Korean oil tanker has successfully transited the Red Sea and is now on its way home, marking the ninth crude oil shipment to use the route since April, the Ministry of Oceans and Fisheries said on June 14.
Japan’s JAL, ANA raise fuel surcharges to record levels
Japan Airlines and All Nippon Airways said on June 12 they will raise fuel surcharges on some international flights to record levels, reflecting a sharp increase in aviation fuel costs linked to the Middle East crisis.
Taiwan’s CPC keeps fuel prices unchanged for 11th straight week
It is the 11th consecutive week in which CPC has held fuel prices steady, despite international crude oil prices rising about 30% compared with levels before the US and Israel attack on Iran on February 28.
Swedish firm bags $105mn tube order for Eni's Kutei North gas project
Swedish alloy specialist Alleima announced on June 10 won an order worth around $105mn to supply advanced umbilical tubes for Eni’s Kutei North Hub project offshore Indonesia.
Japan rules out domestic gas discovery as not large enough for immediate development
Japan’s JAPEX has confirmed the presence of natural gas in part of an offshore reservoir in northern Japan, although the company said the discovery is not large enough for immediate commercial development.
Japan's JERA receives first LNG cargo from Australia's Barossa project
JERA has received its first LNG cargo from Australia’s Barossa gas project, adding a new source of supply to the portfolio of Japan’s largest power generation company.
Malaysia's Petronas strikes LNG supply deal with Japan's JERA
Malaysia’s Petronas and Japan’s JERA have signed a long-term LNG supply agreement under which Japan will receive up to 2mn tonnes per year of LNG for 20 years from 2028.
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