Asia Oil Company News

China's oil demand is expected to peak by the end of this decade, according to the latest estimate from an in-house think tank...

Low sulfur fuel oil futures (LSFO) in China traded lower for the third consecutive session on Tuesday after...

China's state-owned oil and gas producer PetroChina has discovered a new oil reserve in the western part of the country...

China's state-owned marine fuel producer SInobunker has completed its first bio marine fuel bunkering for a...

Sri Lanka has given the go-ahead to a Sinopec plan to invest $4.5 billion to build a refinery in the country, the energy minister said Monday...

Environmental group Greenpeace has called for oil production cuts from Chinese energy companies to curb emissions as its new research accused...

The Chinese government has issued an additional batch of 3 million mt fuel oil import quotas to private companies in a rare move to boost...

Maersk said Wednesday that it had agreed to a world first large-scale green methanol offtake agreement, with the container shipping giant...

Bunker demand took a hit through the third quarter as a slowdown in global trade flows weighed on the market even as prices fell...

India's shipping industry is waiting on further direction from the foreign ministry on the handling of Russian tankers in breach of US and G7 sanctions...

Energy major BP has unlocked AUD70 million ($45.5m) in funding from the Australian government funding as...

Kuwait's massive refinery faces potentially another four weeks of disruption, two market sources said this week, following a fire at a...

China's Zhejiang Petroleum and Chemical Corp (ZPC) is heard reselling their...

US energy major Exxon Mobil is ready to invest up to $15 billion in Indonesia to fund petrochemical and carbon capture and storage (CCS) projects as...

ExxonMobil is expected to bring forward maintenance at two of the largest refineries in the US next year..

Japanese energy firm Tokyo Gas has delivered a fresh "carbon-neutral" liquefied natural gas (LNG) cargo to a Japanese...

Demand for oil in transport would need fall more than two-thirds by 2050 from 2021 levels to keep global warming close to UN-agreed goals...

South Korea's largest oil refiner SK Energy has agreed to spin off its crude oil operation and shipping arm to set up...

A lack of manual workers in South Korea is delaying the construction of Saudi Aramco's biggest petrochemical project in the...

Swiss-trader Gunvor is giving up Singapore fuel oil storage that it has operated on long-term lease from Oiltanking Seraya terminal...