- Sri Lanka ramps up fuel imports as drought hits hydropower
February 09, 2017
Sri Lanka’s fuel imports in January jumped to double typical monthly levels, with the country rushing to plug an energy shortfall as severe drought hits its hydropower output, industry sources said.
- Indonesia seeks more LNG import deals
February 08, 2017
Indonesia should lock in more LNG import deals before the global market tightens beyond 2020, Yenni Andayani, acting chief executive of NOC Pertamina, told delegates at the IndoGAS conference on Tuesday.
- Crude falls again amid suggestions that OPEC cutback deal isn't enough to revive market
February 03, 2017
As West Texas Intermediate on Thursday dropped in price by 34 cents to settle at $53.54, analysts suggest that the Organization of the Petroleum Exporting Countries' (OPEC) cutback agreement – which earlier this week was heralded for achieving an ...
- Here’s how Trump’s energy policies may impact oil output, prices
January 31, 2017
U.S. President Donald Trump has promised to boost the U.S. fossil fuel industry and create more jobs by opening more areas to drillers, but there will be little real impact on the market in the short term, an energy consultant said on Wednesday.
- Asia gasoline refiners set to recover after glut
January 27, 2017
Many Asian gasoline refiners have started to recover from one of the sector's worst-ever gluts, with profit margins climbing as consumption grows and as stricter fuel specifications in top consumers force some inefficient producers to cut supply.