Asia Oil Company News

The United Arab Emirates will invest $23 billion in low-carbon hydrogen and ammonia over the next five years as part of its strategy...

HSBC has cut annual oil price forecasts for this year and the next, citing increased OPEC+ supply later this year outpacing sluggish demand...

SCG Chemicals have started operations at its petrochemical site in southern Vietnam, the company announced...

Preliminary figures released Monday by the Association of Asia Pacific Airlines (AAPA) showed a 22% increase in international passengers over...

Woodside Energy has completed the purchase of OCI Global's 1.1 million mt/year blue ammonia plant in Beaumont Texas...

UN talks on decarbonising the shipping sector made progress on some key strands this week, but uncertainty remains on the extent proposals will ever be legally binding...

South Korean oil refiner S-Oil has shut one of the three crude distillation units at its Onsan refinery for possibly a month-long maintenance...

China's independent oil refiner Shandong Yulong Petrochemical with a total designed capacity of 800,000 bpd has started operations this...

Gastech 2024 saw a plethora of new dry gas and LNG deals between countries, and it became clear that the global energy landscape is evolving to...

Australian iron ore miner Fortescue has struck a deal with Liebherr to buy $2.8 billion worth of zero-emissions trucks in a...

Bank of America (BAML) delivered a fresh warning to oil traders, citing the risk of overexposure to short Brent positioning amid an impending...

A Chinese court declared Sinochem's Changyi Petrochemical bankrupt over the weekend...

Trading house Trafigura could name Richard Holtum as successor to CEO Jeremy Weir next week, according to a Friday report in the...

EU tariffs on Chinese electric vehicle (EV) imports will significantly disrupt future trade and investment between the two markets, according...

China's state-owned oil refiner Sinochem has declared bankruptcy for two subsidiary refineries, the latest sign of an ongoing industry...

The International Energy Agency (IEA) has cut its estimates for global oil demand growth in 2024, the agency said in its monthly oil market...

Japanese oil refiner Eneos Corp has shut the 153,000 bpd crude distillation unit at its Negishi refinery for planned maintenance, a move that...

Pertamina is waiting for Indonesia's government to decide whether to cover the price gap between ethanol and subsidised gasoline before...

Woodside Energy raised $2 billion through a bond sale, the company said Friday, a month after it announced to buy...

Goldman Sachs said Brent crude oil prices could trade lower to the $70/b threshold as oversupply risk is back in focus after Libya is on track...