Asia Oil Company News

Eneos, Japan's largest refiner, has shut a 141,000 bpd crude distillation unit (CDU) at its Sakai refinery following a fire on 17 February...

Phillips 66 has leased a new floating storage unit (FSU) off Singapore in the Malacca Straits for fuel oil storage, Reuters reported Thursday...

Cathay Pacific Airways posted another strong performance in January as robust demand leading into the Chinese Lunar New Year spurred...

A potential ceasefire in Ukraine would unlikely increase Russian oil exports even with easing sanctions, analysts at Goldman Sachs said...

Swiss-based trading reported lower earnings for a second year as the decline in the commodities and mining sectors continued to weigh...

Australia's Woodside Energy is looking for potential partners in its Louisiana LNG project on the US Gulf Coast...

Sanctioned oil tankers carrying Russian-origin cargoes continued to discharge at ports in Shandong province despite a recent ban...

Mexico's PMI has raised the so-called K factor used in its formulas to price all its grades sold internationally ...

Petrobras hopes to form partnerships with Indian state-owned oil firms to enhance biodiesel and ethanol trade between Brazil and India and...

The International Energy Agency (IEA) anticipates that global oil markets will remain resilient in the face of mounting trade tensions, maintaining...

Chevron will lay off 15% to 20% of its global workforce by the end of 2026 as part of a broader effort to cut costs and streamline operations...

A fire broke out after a fuel storage tank at the South Korean port of Ulsan exploded on Monday, killing one personnel on-site, according to local media...

Activist investor Elliott Investment Management has built a stake in BP, a move that could set off a battle over the British energy giant's...

Adnoc Gas is set to boost capital expenditure by 40% in the 2025-2029 period as it completes the 60% of the under-construction Ruwais LNG...

South Korean conglomerate SK Innovation expects margins from its oil refining business to stay stable in 2025 after a solid rebound in Q4 as demand for...

The world's largest independent energy trader, Vitol, has projected that global oil demand will maintain its current levels through 2040...

Saudi Arabia's Bahri is set to expand its fleet with at least 10 new very large crude carriers (VLCCs) in 2025...

A Swiss court has convicted ex-Trafigura chief operating officer Mike Wainwright of bribing an Angolan official, sentencing him to 32...

Chevron is looking at more upstream growth opportunities in the US, specifically in the Permian Basin and in the US Gulf...

Bangladesh has signed a HOA with the Louisiana-based Argent LLC to purchase up to 5 million tons per annum (mtpa) of LNG...