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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)
Iran offers fuel support as Sri Lanka faces deepening energy crisis
Iran has signalled its willingness to supply fuel and essential goods to Sri Lanka if requested, as the island nation struggles with worsening shortages and soaring costs.
India's strategic petroleum reserve capacity exceeds 5.3mn tonnes
Prime Minister Narendra Modi on March 23 said India has built strategic petroleum reserves exceeding 5.3mn tonnes and is advancing plans to add over 6.5mn tonnes of additional storage capacity.
Fuel hikes in Vietnam hit ride drivers’ earnings
Ride-hailing drivers in Ho Chi Minh City are facing shrinking incomes as soaring petrol prices outpace the short-term support offered by app platforms.
Thai authorities seize 20,000 litres of diesel near Myanmar border
Thai officials have detained two suspects after intercepting a large diesel shipment allegedly destined for Myanmar amid tightening fuel supplies at home.
Fuel shortages prompt Myanmar to tighten purchase limits
Myanmar is tightening fuel controls as shortages worsen, introducing a barcode and QR code system to limit purchases and manage supplies amid global oil price pressures.
Thailand braces for higher electricity bills as LNG costs climb
Thailand is preparing for a potential rise in electricity tariffs as soaring liquefied natural gas (LNG) prices push up power generation costs.
Russia’s oil exports to India jump 27% in March
Russia’s oil exports to India rose by 27% month-on-month (m/m) in March to 1.4mn barrels per day, while Urals crude traded at a $5 per barrel premium to Brent in the Indian market.
Bangladesh looks for more than $2bn in funding to ease fuel, LNG woes
Bangladesh is looking for in excess of $2bn in external financing to help secure fuel and LNG imports, as the government led by new Prime Minister Tarique Rahman moves to stabilise the economy.
Fuel shock in the fast lane: how Asia’s drivers are paying the price of war
The war involving the United States, Israel and Iran has sent a delayed shockwave through global energy markets and nowhere is the impact more acute than at petrol pumps across Asia.
Malaysia fuel prices jump after Middle East conflict, subsidies surge to $812.3mn
Fuel prices in Malaysia have risen sharply after the escalation of the US–Israel conflict with Iran pushed global oil prices higher and disrupted supply routes, with unsubsidised pump prices climbing for a second consecutive week
Eni invests $15bn in East Kalimantan deepwater gas projects
Italian energy major Eni has taken a final investment decision (FID) on the Geng North and Gendalo-Gandang offshore gas developments in East Kalimantan, committing around $15bn to one of Indonesia’s largest deepwater energy projects in recent years
Diesel prices in Singapore hit $2.91 per litre, rising above petrol prices
Diesel prices in Singapore have climbed to between SGD3.56 ($2.77) and SGD3.73 per litre before discounts at major fuel stations, overtaking the price of 95-octane petrol for the first time in years
Philippines allows cheaper fuel to combat oil volatility
As geopolitical instability in the Middle East threatens global petroleum stocks, the Philippines' Department of Energy (DOE) has sanctioned the restricted and provisional distribution of lower-grade oil to protect the domestic market.
Energy shock, economic woes test Thailand’s new government
Thailand’s Prime Minister Anutin Charnvirakul has secured a second term, but his new government inherits a fragile coalition, a struggling economy, and an urgent energy crisis.
Bangladesh seeks $2bn in loans to shore up energy security
Bangladesh is moving to secure nearly $2bn in loans from multilateral lenders as it grapples with mounting energy security concerns driven by rising global fuel prices linked to the Middle East conflict.
Thai police expand maritime operations against fuel smuggling
Thai authorities have launched an expanded sea operation to combat fuel smuggling and illegal oil trading, officials announced on March 22.
Laos cuts school week to three days amid fuel crisis
Laos has reduced the school week to three days as authorities scramble to curb energy use during a worsening fuel shortage
Jet fuel shortage forces Myanmar airlines to suspend service
Several airlines in Myanmar have temporarily halted domestic operations as a shortage of jet fuel disrupts flight schedules and ticket sales.
Passengers to Vietnam face surcharges amid fuel spike
More than 60% of international airlines have raised fares or are preparing to do so from mid-March as soaring fuel costs squeeze the aviation sector.
Manila fishers lose half earnings as fuel climbs
Artisanal fishers in metropolitan Manila are seeing their daily takes nearly halved as soaring diesel costs make voyages to sea increasingly unaffordable.
India's core sector output modest in February
Crude oil production fell 5.2% y/y, extending a cumulative decline of 2.5% for the April-February period. Natural gas output contracted 5.0% y/y with a cumulative fall of 3.5%. Petroleum refinery production declined 1.0% y/y
Pakistan absorbs $250mn fuel cost to cushion consumers
Pakistan has taken on a financial burden of PKR69bn ($250mn) to stabilise petroleum product prices and shield consumers from rising costs.
Sri Lanka hikes fuel prices for the second time this month
Sri Lanka has sharply increased retail fuel prices by 24%–30%, pushing rates close to levels last seen during the 2022 economic crisis, as authorities respond to rising global oil prices.

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