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AsianOil’s coverage ranges from established oil and gas producers such as Australia, Indonesia, Malaysia, Thailand and Vietnam to the region’s major refining hubs of India, Singapore, South Korea and Japan and countries in between.
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Read a recent issue cover to cover (click the image below)
Philippines, Iran talk to secure oil ship passage
The Philippines is moving to secure the safe passage of its oil shipments through the Strait of Hormuz, which has fallen under Tehran's effective control, as the government scrambles to protect energy security amidst Middle Eastern instability.
South Korea swaps crude to diversify oil imports
South Korea has introduced its inaugural strategic oil swap mechanism to allow local refiners to borrow state crude reserves to mitigate supply disruptions in the Middle East.
Korean Air enters emergency mode as fuel costs soar
Korean Air transitioned into emergency management to mitigate the impact of rocketing jet fuel prices as the conflict between the US, Israel and Iran rattles the global economy.
Ex-Shell leader gets 21 years for $100mn fuel heist in Singapore
A former assistant production team leader at Shell was sentenced to 21 years’ jail on March 30 for his role in a long-running conspiracy to syphon $100mn worth of marine gas oil from the Pulau Bukom facility
Pakistan nears launch of methane-to-LNG project at Sachal gas complex
Pakistan is in the final stages of rolling out an energy recovery project that will convert methane emissions into liquefied natural gas (LNG), marking a step towards cleaner and more efficient fuel utilisation.
Middle East tensions push up Cambodia airline costs
Airlines operating in Cambodia have raised ticket prices due to the global fuel crisis, driven by Middle East tensions, which continues to disrupt aviation costs
Diesel and LPG supplies under pressure nationwide in Cambodia
Cambodia is taking urgent steps to prevent a domestic fuel crunch as global supply disruptions push diesel and liquefied petroleum gas (LPG) towards scarcity. Authorities are securing imports while urging households to conserve energy.
Rising fuel costs cripple Myanmar’s peak holiday season
Myanmar’s tourism sector is bracing for another blow as an escalating fuel crisis threatens to slash domestic travel during the nine-day Thingyan holiday, traditionally the busiest period of the year.
Guyana to play pivotal role in lifting Chinese CNOOC's reserve levels
Chinese national oil company CNOOC has outlined its oil production and reserves targets for 2026, with its Guyana operations positioned as a critical driver of growth as the company seeks to expand output and replace reserves.
India in talks to widen gas supply network to Angola amid tight Middle East deliveries
Four Indian state-owned companies are negotiating to source gas from Angola as the Asian giant seeks alternative sources because of constrained supplies from the Middle East.
Cyclone shuts down Australian LNG plants further squeezing supply
Around 8% of the world’s LNG supply was disrupted by cyclone Narelle off the western coast of Australia.
INPEX to prioritise Kazakh and Azerbaijani oil for Japan amid supply concerns
Japan’s INPEX reportedly plans to prioritise crude oil supplies from Kazakhstan and Azerbaijan for Japanese buyers as concerns grow over disruptions to oil shipments coming out of the conflict-torn Middle East.
Two Australian states make public transport free amid Middle East conflict
The state governments of Victoria and Tasmania will offer free public transport to incentivise commuters to ditch their cars as the conflict in the Middle East drives Australian fuel prices to record highs.
Thai authorities hike diesel despite rising subsidy costs
Diesel prices in Thailand have climbed above THB40 ($1.21) per litre for the first time in months, following an overnight decision by authorities to raise fuel rates amid soaring global oil costs.
South Korea considers emergency powers for price control
President Lee Jae Myung ordered bold interventions to tackle the energy crisis sparked by Middle Eastern instability, stating the government may invoke constitutional emergency financial and economic orders if the situation worsens.
Philippine DOE secures 165mn litres of diesel supply
The Philippine Department of Energy (DOE) has secured 1.042mn barrels of diesel to reinforce the national fuel supply as geopolitical volatility continues to destabilise global oil markets, the department announced on March 31.
Philippine drafts carpool rules for fuel relief
The Metropolitan Manila Development Authority (MMDA) introduced a draft framework for a new carpooling initiative on March 30, designed to help commuters mitigate the impact of rising fuel prices.
LG Chem secures Russian naphtha for South Korea
LG Chem Ltd. has successfully obtained 27,000 tonnes of naphtha sourced from Russia. This acquisition comes as the domestic industry faces potential disruptions to its supply chain resulting from ongoing hostilities within the Middle East.
Jet fuel prices soar over 150% in Pakistan in under a month
Jet fuel prices in Pakistan have surged by more than 150% in less than four weeks, underscoring the intense pressure from volatile global oil markets and rising geopolitical tensions.
Sri Lanka raises power tariffs as war-driven energy costs mount
Sri Lanka has increased electricity tariffs for most households by 7.2% and for industries by 8.7%, as the country contends with rising energy costs linked to the Iran war.
Japan steps up efforts at oil diversification
Japan is stepping up efforts to diversify its crude oil supply as the crisis in Iran and the de-facto blockade of the Strait of Hormuz expose the country’s heavy reliance on Middle Eastern imports.
India, Russia eyes resumed LNG trade
India and Russia are preparing to resume direct LNG supplies for the first time since the start of the war in Ukraine.
Iran could earn $60bn a year from Strait of Hormuz tariffs, economist says
An Iranian economist says controlling the Strait of Hormuz could generate $60bn a year in transit tariffs for Tehran.
Philippine refiner Petron buys 2.48mn barrels of Russian crude
The Philippine energy giant Petron Corporation has purchased roughly 2.48mn barrels of Russian crude oil. This acquisition is a strategic response to global logistics volatility and the recently declared state of emergency.
Indonesia seeks Iran’s help to clear Pertamina tankers
Indonesia is in emergency talks with Iran to secure safe passage for two Pertamina tankers carrying Saudi crude through the Strait of Hormuz, the energy ministry said on March 30
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