Tag Archives: Asia

Several cargoes of LNG loaded in recent days at U.S. export facilities and bound for Asia have changed course shortly after departing to avoid crossing the Red Sea, which has become theater of daily attacks on commercial vessels by the Iran-aligned Houthis from Yemen. Several vessels have indicated they would …

Rising global crude stockpiles and weak demand could prompt Saudi Arabia to lower the price of Arab Light, its flagship crude, for Asian customers for January for the first time in seven months, a Reuters survey showed on Friday. Saudi Aramco, the world’s largest crude oil exporter, could lower the …

Demand for oil and natural gas will stay resilient for decades, driven by population growth and industrialization in developing economies across Asia, according to Woodside Energy Group Ltd., a key supplier of fossil fuels to the region. “Growth in demand for LNG in particular is expected to continue as buyers …

Amid comfortable levels of inventories for this time of the year, Asian LNG buyers have been sitting on the sidelines of the spot market this week, hoping for the surge in natural gas prices after the Hamas attack on Israel to fade. Natural gas prices in Asia and Europe jumped …

As countries around the world look to ways to use emission-free vehicles as a mainstream form of transportation, hydrogen cars are increasingly making their way into the spotlight, even with the popularity of battery electric vehicles. H2-powered vehicles aren’t a new form of technology but are being taken more seriously …

The idea that the energy transition to an energy system dominated by wind and solar power appears to be at odds with the idea of an oil and gas refining industry. Yet this is a superficial contradiction: wind and solar cannot exist without oil and gas refining. Now, Chinese refiners …

Asian refiners have booked near-record volumes of U.S. crude to be shipped in August, replacing Middle Eastern oil, as competitive prices and ample supplies attracted heavy buying, according to trade sources. The jump in U.S. imports comes on the back of strong Chinese demand for Brazilian oil in the third …

Asia needs to achieve net zero before the world can do so, according to the CEO of Malaysia’s state-owned oil and gas company Petronas. “The bulk of the emissions [that] are expected to emit will be produced in Asia going forward,” Tengku Muhammad Taufik told CNBC’s JP Ong Tuesday on …

China has been leading the electric vehicles (EV) manufacturing race in recent years, and now the region can expect a big EV infrastructure boost to promote the uptake of environmentally friendly vehicles. Both China and India expect to see huge investments in their EV industries, with the construction of thousands …

Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in July, several sources with knowledge of the matter said on Monday, after it pledged to cut production next month. Saudi Arabia, the world’s top oil exporter, vowed to reduce …