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China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow
As OPEC extends production cuts in a bid to tighten the oil market, China's independent refiners - awash with crude and facing disappointing local demand - are poised to slow purchases of oil for at least the next two months.
By : Reuters l Reporting by Chen Aizhu in Beijing and Florence Tan in Singapore l Editing by Richard Pullin | May 31, 2017
Malaysia's Sarawak State Govt Seeks 10% Stake In LNG Train
Malaysia's Sarawak state government said it is negotiating with Petroliam Nasional Berhad to acquire a 10 percent equity stake in a liquefied natural gas(LNG) production facility at Petronas' LNG complex in Bintulu, Sarawak.
By : Reuters l Reporting by KL Newsroom l Editing by Christian Schmollinger | May 25, 2017
India Moving Beyond Oil As Seeks Alternatives to OPEC
OPEC production cuts and the prospect of more expensive oil are pushing India to consider U.S. and Canadian suppliers, as well as encouraging it to turn to renewable energy, the country's petroleum and natural gas minister said on Monday.
By : By Reuters l Report by Dmitry Zhdannikov, Ernest Scheyder & Nidhi Verma l Additional reporting by Promit Mukherjee in MUMBAI l Wrting by Nidhi Verma and Ernest Scheyder l Editing by Edmund Blair and Alexander Smith | May 23, 2017
Puma Energy Asia Sun Aims to Distribute Petroleum in Myanmar
Puma Energy Asia Sun, a joint venture between Puma Energy and local firm Asia Sun Energy, is looking to move beyond storage services in Myanmar to include oil products distribution in the country, said a top executive.
By : Reuters l Report by Seng Li Peng & Yimou Lee l Editing by Christian Schmollinger | May 19, 2017