Asian LNG Demand to Fall for Second Year Amid Gulf Supply Disruptions
Asian LNG demand is expected to decline for a second consecutive year as Gulf supply disruptions push prices higher, with Northeast Asia accounting for most of the decline.
asia | Egypt Oil & Gas
Global Supply Shocks Drive Record US Crude Exports
US crude oil exports surged to an all-time high of 5.6 million barrels per day (mmbbl/d) in May, as Asian and European refiners increased purchases to offset supply disruptions triggered by the war between the US ...
SOMO Negotiates with Exxon for Storage Space in Singapore
The State Oil Marketing Organization (SOMO) revealed that it entered into negotiations with ExxonMobil seeking a deal for more storage space in Singapore, according to Iraq News Agency (INA).
Baker Hughes, Petronas Enter Agreement to Support Asia’s Energy Expansion, Transition Â
Baker Hughes and Petronas have signed a Memorandum of Understanding (MoU) to form a strategic partnership aimed at exploring business opportunities that could contribute to advancing Asia’s energy growth and trans ...
Canada Ships First LNG Cargo From LNG Canada Facility to South Korea
Canada has shipped its first liquefied natural gas (LNG) cargo from the LNG Canada facility in Kitimat, British Columbia, and en rout to South Korea. Though the LNG shipment amount was not specified, the facility ...
Petronas, Southeast Asia’s Energy Players Call for Progressive Action on Methane Emissions at COP29
Petronas has coincided with the 29th United Nations Climate Change Conference (COP29) in a joint statement alongside Southeast Asia’s other leading energy companies calling for a progressive, cooperative and inclu ...
Aramco Expected to Provide Complete Oil Volumes to Some Asian Refiners in July
Despite Saudi Arabia’s announcement of cutting oil output from 10 million barrels per day (bbl/d) to 9 million bbl/d in July, Aramco said it will send full nominated volumes of crude oil to number of North Asian c ...
Saudi Arabia Maintains Crude Supply to Asian Refiners Despite OPEC+ Cuts
Despite OPEC+’s surprising announcement last weak about extra production cut of 1.16 million barrels per day from May for the rest of the year, Saudi Aramco will maintain the same crude volumes supply to several N ...
Saudi Aramco to Continue Full Oil Supplies to Asia in November Despite OPEC+ Cuts
Several people with knowledge of the situation said on Monday that Saudi Aramco has informed at least seven customers in Asia that they will get full contract volumes of crude oil in November before the peak winte ...
Saudi Arabia May Slash October Crude Prices for Asia
Due to weak demand in the region and rising arbitrage shipments, the world's top oil exporter Saudi Arabia may lower October prices for the majority of crude grades it delivers to Asia.
