OPEC’s efforts to tame global oversupply of oil and gas have so far had a little effect as demonstrated by the fact that Asia is
Tag: Asia
Market Update: Asia Ready for a Major Refining Capacity Increase
Asia will add the biggest amount of net refining capacity in three years in 2017, further boosting demand for oil in the world’s biggest and
Saudi Arabia Cuts Its Oil Price for Asia to Fight Off Competition
Saudi Arabia’s oil company Aramco cut the January price for its Arab Light crude for its Asian clients to the lowest level in four months
Asian Oil Markets Rebalancing
Asian oil markets are believed to be slowly returning to balance after China’s oil production was cut and its inventories of refined products decreased. Global
Iraq’s Kurds Increase Capacity of Oil Pipelines
Iraqi Kurds are planning to boost the capacity of oil pipelines via Turkey to 700,000 barrels (bpd) per day. The boost could thus increase the
Kuwait to Challenge Saudi Arabia in a Battle for Asia’s Oil Market
Kuwait seeks to challenge its traditional Gulf ally and bigger neighbour, Saudi Arabia, in a contest over market share in Asian oil markets. The battle
BP Faces a New Wave of Fines, Leading to Disinvestment
BP, sometimes referred to by its former name British Petroleum, the world’s sixth largest energy company by market capitalization, is facing a new batch of
U.S. Refiners Try to Go About the Jones Act
At the time when the U.S. oil condensate exports are heading to Asia from the Gulf Coast, crude oil producers and refiners are trying to
Asia Buys US Ultra-Light Oil for First Time in 40 Years
Japan and South Korea have bought the first ultra-light oil from the United States after Washington eased the 40-year-old ban on trading US crude oil
Investment in Renewables to Expand by 2030
It is expected that investment in renewable energy sources might account for up to two thirds of the 7.7 trillion in investment forecast for constructing