LogIn LogOut

Asian Oil News

 

OPEC+ Extends Deep Oil Production Cuts into 2025

Jun 03, 2024

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.Brent crude oil prices LCOc1 have been trading near $80 per barrel in recent days, below what many OPEC+ members need to balance their budgets. Worries over slow demand growth in top oil importer China have weighed on prices alongside rising oil stocks in developed economies…

Hengyi Steps Up Fuel Oil Exports from Brunei After Refinery Fire

Jun 11, 2024

China's Hengyi has increased fuel oil exports from its Brunei refinery this month and has delayed loadings of other refined products following a fire at the plant in late May, according to several trade sources and ship-tracking data.The delivery…

China Boosts Crude Oil Storage Amid Soft Refinery Processing

May 20, 2024

The pace at which crude oil flowed into China's stockpiles increased in April as slower refinery processing outweighed a decline in imports.A total of 830,000 barrels per day (bpd) was added to China's commercial or strategic stockpiles in April…

Taliban Plan Regional Energy Trade Hub with Russian Oil in Mind

May 02, 2024

The Taliban has agreed with Kazakhstan and Turkmenistan to build a logistics hub in western Afghanistan aimed at making the war-torn nation a major logistics point for regional exports, including oil from Russia to South Asia, the country's commerce minister said…

Russia Shipping Oil to North Korea Above UN Mandated Levels

May 02, 2024

Russia has been quietly shipping refined petroleum to North Korea at levels that appear to violate the mandates of the United Nations Security Council, a U.S. official said on Thursday, adding the U.S. is planning new sanctions in response.The disclosure came on the first day after a U…

China's Imports of Russian Oil Near Record High

Apr 22, 2024

Russia remained China's top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments.China's imports from Russia, including supplies via pipelines and sea-borne shipments, jumped 12.5% on the year to 10…

Russia's Seaborne Oil Product Exports Fell in March

Apr 15, 2024

Russia's seaborne oil product exports fell 4.2% in March from the previous month to 10.178 million metric tons due to unplanned maintenance at refineries and a uel export ban, data from industry sources and Reuters calculations showed.Russia's…

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Apr 10, 2024

Russian Deputy Prime Minister Alexander Novak met heads of local oil companies on Wednesday, instructing them to maximiae gasoline and diesel supply to the domestic market, according to a statement posted on the government's Telegram channel…

Asia Crude Imports Surge as China, India Snap Up Russian Oil

Mar 28, 2024

Asia's imports of crude oil are expected to rise to the highest in 10 months as heavyweights China and India lifted arrivals from Russia, but impending maintenance schedules and rising prices mean such levels may not be sustained.The world's top importing region is forecast to see arrivals of 27…

Oil Rises Almost 2% as Markets Await OPEC+ Decision

Mar 01, 2024

Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the second quarter while weighing fresh U.S., European and Chinese economic data.Brent LCOc1 futures for May were up $1.43…

Chevron Reroutes Kazakh Oil to Asia Around Africa

Jan 30, 2024

Chevron is sending cargoes of Kazakhstan's CPC Blend oil to Asia around Africa's Cape of Good Hope rather than via the Red Sea to avoid the risk of attacks by Yemen’s Houthis, according to three industry sources and LSEG ship-tracking data.The…

BP Launches Its ‘Largest-Ever’ Seismic Program at Azerbaijan Oil Field

Jan 24, 2024

BP has started a new four-dimensional (4D) high-definition ocean bottom node seismic program on its Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea, offshore Azerbaijan.This is the largest-ever seismic acquisition commitment made by BP globally by all its aspects – area size…

India to Become Main Driver of Incremental Oil Use by 2030

Jan 23, 2024

India's petroleum consumption climbed to a new record last year and the country is on course to overtake China as the primary driver of incremental oil consumption before 2030.Urbanisation, industrialisation and the growth of the middle class…

India Cuts Windfall Tax on Petroleum Crude

Jan 15, 2024

India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a government notification on Monday.The cut will be effective from Jan. 16, the order said.On Jan. 2, the government had lifted the windfall tax on petroleum crude oil to 2…

Indian Refiners to Ask for Extra Saudi Oil After Sharp Price Cut

Jan 09, 2024

Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months, company sources said.Indian Oil Corp, the country's top refiner…

Current News

Japan Could Be Energy-independent by 2060

Japan Could Be Energy-independent by 2060

TotalEnergies Sells Brunei Subsidiary Along Block B Field Operatorship Interest

TotalEnergies Sells Brunei Subsidiary Along Block B Field Operatorship Interest

PTTEP Buys Wintershall Dea's Share in Abu Dhabi’s Ghasha Concession

PTTEP Buys Wintershall Dea's Share in Abu Dhabi’s Ghasha Concession

Temasek to Finalize Deal with Shell for Pavilion Energy LNG Asset Sale

Temasek to Finalize Deal with Shell for Pavilion Energy LNG Asset Sale

Valeura’s Newly Acquired FSO Aurora Checks in at Nong Yao Field Offshore Thailand

Valeura’s Newly Acquired FSO Aurora Checks in at Nong Yao Field Offshore Thailand

Hengyi Steps Up Fuel Oil Exports from Brunei After Refinery Fire

Hengyi Steps Up Fuel Oil Exports from Brunei After Refinery Fire

China, Pakistan Agree to Strengthen Oil and Gas Cooperation

China, Pakistan Agree to Strengthen Oil and Gas Cooperation

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com