Asia Oil Company News

Chinese state-controlled oil major Sinopec has signed a strategic cooperation agreement to develop the country's hydrogen ...

he resurgence of Covid-19 has delayed the recovery in worldwide oil demand, but a second half year surge will leave supplies tight...

Saudi Arabia has informed most Asian refiners of full lifting allocations for June, Saudi seen continuing to unwind voluntary production cuts…

Qatar's state-owned petroleum company, Qatar Petroleum, has set its Official Selling Price (OSP) for marine crude oil in May at…

India's state-owned refiners have requested increased volumes from Saudi Aramco, drawn by lower prices by the world's ...

French energy major Total is planning to make a final investment decision on a potential 5.6 million mt/year LNG project in ...

Shell will implement a planned 200,000 b/d capacity cut at its 500,000 b/d Pulau Bukom refinery in Singapore ...

Saudi makes small cuts to OSPs for Asia customers, reflects India demand slowdown...

Shipping giant Maersk warns there will be bottlenecks in supply chains and equipment shortages throughout the rest of 2021 and into early 2022...

Iraq is reportedly considering the purchase of ExxonMobil's stake in the West Qurna 1 oil field via state-owned firm Basra Oil ...

Crude oil output at the world's biggest producer fell more than 12% in the first quarter of the year to 8.6 million bpd...

The slowdown in Indian demand presents a strong case for lower Saudi OSPs, but market data supports a just a small cut to June differentials…

Abu Dhabi publishes first Official Selling Prices against the IFAD Murban futures contact. Upper Zakum largely in line with spot market…..

Abu Dhabi National Oil Co has informed its term customers of supply cuts for its Murban, Das Blend and Upper Zakum crude ...

Finnish renewables producer and refiner Neste will be able to produce up to 500,000 mt per year of sustainable aviation ...

Oil producer Saudi Aramco has lowered its official monthly selling price of liquefied gas (LPG)...

Austrian integrated oil and gas company OMV reported a 4.8% increase in upstream production for Q1 at 495,000 boe/d ...

Equinor boosted profits in the first quarter amid higher oil and gas prices and one-of sales in wind farms, but its oil and gas production fell year-on-year...

Energy major Royal Dutch Shell's first-quarter oil production was down 8.7% on the year at 1.579 million barrels per day ...

French energy company Total saw hydrocarbon production fall 7% on the year due to unplanned maintenance...