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Thailand's PTTGC To Invest $952MM For Expansion In 2018
Wednesday, February 21, 2018 Thailand's PTT Global Chemical Pcl will invest 30 billion baht ($951.78 million) this year to expand its business.
March-April Spot Price Spread May Tighten On Supply Outlook
Friday, February 16, 2018 Asian spot LNG prices for April delivery showed a steep discount to March prices.
INE Approves Bonded Storage Zones Ahead Of Crude Futures Launch
Wednesday, February 14, 2018 The Shanghai International Energy Exchange (INE) says it has approved the use of six bonded storage warehouses.
Asia's Soaring Gas Demand Opens Window For New LNG Projects
Wednesday, February 14, 2018 Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years.
KOGAS Says In LNG Arbitration With Australia's North West Shelf Gas
Monday, February 12, 2018 KOGAS enters court-administered arbitration with Australian joint venture North West Shelf Gas seeking to settle a dispute.
India's BPCL 3Q Profit Slips 6%
Friday, February 09, 2018 Bharat Petroleum posts a near 6% fall in third-quarter profit.
Price Rebounds As North Asian Buyers Replenish Inventory
Friday, February 09, 2018 Asian spot LNG prices rebounded this week.
Surging Chinese Energy Demand Draws Record Crude Imports In Jan
Thursday, February 08, 2018 China imported a record volume of crude oil and the second-highest amount of natural gas in January, data shows.
India Plans Massive Natural Gas Expansion, LNG Imports To Soar
Wednesday, February 07, 2018 India's push to more than double the share natural gas has in its energy mix by 2022 will require a huge increase in imports and the construction of more LNG terminals.
March Price Eases But Bitter Cold Arrests Decline
Friday, February 02, 2018 Asian spot LNG prices eased further this week on expectations of reduced buying but plunging temperatures in Japan, South Korea and China prevented a steep price decline.
Indian Oil To Boost Panipat Refinery Capacity By Two Thirds
Wednesday, January 31, 2018 Indian Oil Corp Ltd plans to increase the capacity of its Panipat refinery by two thirds to 500,000 bpd.
Woodmac: Asia's 2018 Refined Oil Product Demand To Rise 2%
Tuesday, January 30, 2018 Asia's fuel demand will grow by 2% in 2018 as the region's economies expand at a healthy level, energy consultancy Wood Mackenzie says.
China Adjusts Domestic Reference Prices For Tax Rebate In Gas Imports
Tuesday, January 30, 2018 China announced retroactive adjustments in reference prices that are used as a base for tax rebates for gas importers.
India's IOC 3Q Profit Beats Estimates On Higher Inventory Gains
Tuesday, January 30, 2018 Indian Oil Corp says its third-quarter profit nearly doubled, handily beating estimates.
S. Korea's S-Oil Expects Refining Margins To Stay Solid In 2018
Monday, January 29, 2018 S-Oil Corp says that regional refining margins are expected to stay firm in 2018 on the back of healthy growth in demand.
Bangladesh Signs Deal With Indonesia For LNG Imports
Monday, January 29, 2018 Bangladesh signs an agreement with Indonesia to open talks on imports of LNG.
China Unveils Vision for 'Polar Silk Road' Across Arctic
Friday, January 26, 2018 Among China's increasing interests in the Arctic is its major stake in Russia's Yamal LNG project.
China Agrees To Joint Tanker Collision Probe With Panama, Iran, Hong Kong
Thursday, January 25, 2018 The maritime authorities of China, Panama, Iran and Hong Kong signed an agreement to jointly investigate a collision in the East China Sea.
Thai PTTGC To Invest $985MM In Olefins Plant
Tuesday, January 23, 2018 Thai PTT Global Chemical Pcl (PTTGC) plans to invest $985 million in a new olefins plant.
India's ONGC Raises $2.38B From Banks To Buy Refinery Stake
Tuesday, January 23, 2018 ONGC has secured a $2.83 billion loan from three banks.
Russell: China May Cause Larger Seasonal Swings In LNG Prices
Thursday, January 18, 2018 There is little doubt that China's voracious appetite for LNG is the prime mover behind the spot price for the fuel reaching its highest in more than three years, but what happens next?
Japan Sees Little Chance Of Oil Slick From Sunk Tanker Reaching Its Coast
Tuesday, January 16, 2018 Japan sees little chance of the oil spill from a stricken Iranian tanker that sank on Sunday in the East China Sea reaching its shores.
Russell: China's Oil Product Export Surge Shows Risks To OPEC's Gains
Monday, January 15, 2018 The standout feature of China's crude oil and product trade data for December was the surge in exports of refined fuels to a record, but it already appears that this dynamic may not be sustainable.
Coast Guard: Stricken Iranian Oil Tanker Drifts Into Japan's Economic Zone
Friday, January 12, 2018 Japan's Coast Guard says a stricken Iranian oil tanker has drifted away from the Chinese coast and into Japan's exclusive economic zone.
Production Outages Tighten Asian Gas Market
Friday, January 12, 2018 Asian spot LNG prices rose this week on falling production from Russia, Angola and Malaysia in an already tight market.
China's Gas Imports Jump To Record High As Winter Weather Bites
Friday, January 12, 2018 China's natural gas imports soared to a record in December as the country battled a winter supply crunch.
Explosion On Iranian Oil Tanker Forces Rescue Team To Retreat
Wednesday, January 10, 2018 Rescue crews were forced to retreat from a stricken Iranian oil tanker in the East China Sea following an explosion on the ship.
China's Sinochem Ties Up With Private Chemical Group In Oil Trading
Wednesday, January 10, 2018 Sinochem Group has agreed on a framework deal with China's private chemical giant Hengli Group.
Singapore Uncovers Large Oil Heist At Shell's Biggest Refinery
Tuesday, January 09, 2018 11 men were charged in a Singapore court on Tuesday in connection with a large-scale oil theft at Shell's biggest refinery.
Iranian Oil Tanker Burns For Third Day As Winds, High Waves Lash Rescuers
Tuesday, January 09, 2018 Lashing winds, high waves and toxic gases are hindering dozens of rescue boats struggling to locate missing sailors from a stricken oil tanker in the East China Sea.
Rescue Crews Wrestle To Tame China Oil Tanker Fire; Body Of Mariner Found
Monday, January 08, 2018 Rescue crews wrestled to bring a blaze on an Iranian oil tanker off China's east coast under control on Monday.
China Says Will Limit Oil, Refined Product Exports To N.Korea
Friday, January 05, 2018 China's Commerce Ministry will limit exports of crude oil, refined oil products, steel and other metals to North Korea.
Asian Refiners Face High Volumes of Western Naphtha
Friday, January 05, 2018 The volumes due from the West are way above 2017's average monthly arrivals of 1.2 million tonnes.
Formosa Petrochemical Says To Run Mailiao Refinery Near Full Capacity
Thursday, January 04, 2018 Taiwan's Formosa Petrochemical Corp plans to run its Mailiao refinery at near full capacity in January and February.
Curacao Nixes Refinery Operation Deal With China firm
Wednesday, January 03, 2018 The government of Curacao has scrapped a preliminary agreement with China's GZE to operate the island's aging Isla refinery.
China Set To Top Japan As World's Biggest Natural Gas Importer
Wednesday, January 03, 2018 Beijing's crackdown on pollution has put China on track to overtake Japan this year as the world's biggest importer of natural gas.
Spot Prices Steady Above 3-Year Highs As Cold Spurs Buying
Tuesday, January 02, 2018 Asian spot LNG prices held above three-year highs on Tuesday.
China Will Strictly Implement UN Resolutions On North Korea
Tuesday, January 02, 2018 China will continue to fully, accurately and strictly implement UN's sanctions on North Korea in accordance to Chinese laws, the commerce ministry says.
Glencore Sells Parts Of Oil Storage To China's HNA, Awaits US Clearance
Friday, December 29, 2017 Glencore has partly completed the sale of a 51% stake in its storage and logistics businesses to a unit of China's HNA Group.
China Accelerates Stockpiling Of State Oil Reserves Over 2016/17
Friday, December 29, 2017 China's state oil reserves increased by nearly 14% between June 2016 and June 2017, official data shows.
China's Chongqing Gas Exchange Aims To Be Asia Price Benchmark
Friday, December 29, 2017 China plans to launch a natural gas exchange in Chongqing in early 2018.
Trump 'Disappointed' China Allowing Oil Into North Korea
Thursday, December 28, 2017 US President Donald Trump on Thursday said he was 'very disappointed that China is allowing oil to go into North Korea.'
Lead a Chinese Oil Giant and Get a Fraction of Your Peers' Pay
Wednesday, December 27, 2017 The next chief of Sinopec Group can expect to get a fraction of what counterparts at international energy companies earn.
US Gas Sales to China Boom as Buyers Seek to Avoid Pinch
Wednesday, December 27, 2017 China's imports of LNG from the US jumped last month.
India Challenges China As World's Biggest LPG Importer
Wednesday, December 27, 2017 India is set to surpass China as the biggest importer of LPG this month as a drive to replace wood and animal dung fires for cooking boosts consumption.
Sinopec Further Lift Supplies In China's Gas Crunch
Friday, December 22, 2017 Sinopec steps up efforts to increase domestic gas supplies as widespread shortages hit more cities this week.
Asian LNG Spot Prices Jump On Chinese, Japanese Demand
Friday, December 22, 2017 Asian LNG spot prices jumped this week on strong demand from core importing countries including China and Japan.
Pakistan Flogging Unloved Fuel Oil as It Shifts to Cleaner LNG
Thursday, December 21, 2017 Pakistan's drive to tackle its polluted skies has left it with a problem: It has more dirty fuel oil than it wants.
Russell: China To Remain The Main Game For Global Commodity Demand
Wednesday, December 20, 2017 China strode like a colossus over major commodity markets in 2017.
Sources: PetroChina To Take On Global Rivals In Major Expansion Drive
Monday, December 18, 2017 PetroChina's oil and gas trading arm aims to buy petrol stations and fuel storage facilities, according to executives.