Asia Archives - Page 5 of 6

Cooler Asia Summer May Add to LNG Woes as World Awash With Gas

May 15, 2019

From Bloomberg Don’t count on a summer heatwave to rescue Asia’s liquefied natural gas prices. Weather forecasts signal lackluster demand in the largest importing region, raising prospects a global glut will deepen. Temperatures across North Asia this summer will be cooler than a year ago, according to seven meteorologists surveyed by Bloomberg. This suggests the record heat in Japan and South Korea,

Asia’s Vanishing Gas Premium Leaves Europe as Swing Buyer

March 27, 2019

From Bloomberg Asia is no longer the premium market for liquefied natural gas. The key benchmark in the world’s biggest LNG consuming region, S&P Global Platts’ Japan/Korea Marker, has dropped below Dutch Title Transfer Facility prices for the first time since April 2016, according to data compiled by Bloomberg. Five years ago, it wasn’t uncommon for JKM to trade at nearly

Africa’s Largest non-OPEC Producer is on a Roll

May 31, 2018

Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent, according to the EIA’s newest report on Egypt. In recent years, the country has seen political instability accompanied by growing power demand and a recovering energy industry. Natural gas supply shortages often cause frequent blackouts in Egypt – and 2011’s political

U.S. Crude Exports Jump to Record Level After Harvey Disrupts Refining

January 29, 2018

Hurricane Harvey disrupted U.S. Gulf Coast refining operations from late August to September in 2017, and pausing operations led to record-high U.S. crude oil exports when facilities reopened after the storm, the EIA reported today. In October 2017, crude oil exports from the United States reached a monthly record of more than 1.7 MMBOPD. The EIA’s Petroleum Supply Monthly data

The North Sea Will Have Legs in 2018: Halliburton CEO Miller

January 22, 2018

Halliburton Company (ticker: HAL) announced a loss from continuing operations of $805 million, or ($0.92) per diluted share, for the fourth quarter of 2017. Adjusted income from continuing operations for the fourth quarter of 2017, excluding charges related to United States tax reform and Venezuela receivables, was $462 million, or $0.53 per diluted share. This compares to income from continuing

Cheniere Adds LNG Tankers to its Fleet Amid Demand Boom in Asia

December 5, 2017

From Reuters LONDON, Dec 5 (Reuters) – U.S. liquefied natural gas (LNG) producer Cheniere Energy has expanded its shipping fleet with a flurry of spot vessel charters to keep up with Asian winter demand growth as spot prices LNG-AS hit three-year highs, market sources said. Cheniere’s Sabine Pass terminal in Louisiana pumped out 22 cargoes last month and more are

Saudi Arabia Cutting Exports to Asia by 300 MBOPD

June 12, 2017

Saudi Arabia will be shipping less crude to Asia in June as it prepares for stronger local demand Saudi Arabia, the world’s top oil exporter, will reduce the number of barrels it sends to Asian markets in July by about 300 MBOPD from June levels. State-run Saudi Aramco will supply full contracted volumes to at least five Asian buyers mainly

Asia is Forming an LNG Buyers’ Club

March 24, 2017

Roughly one-third of the world’s LNG purchasing power is lobbying for flexible contracts Global oversupply in liquefied natural gas has emboldened buyers to push for more favorable contracts. Korea Gas Corp. (KOGAS), Japan’s JERA and China National Offshore Oil Corp. (CNOOC), which collectively represent about one-third of the world’s LNG purchases, have formed a group to exchange information and “cooperate

Coal Demand Shifting to Asia with Big Implications for Markets

December 22, 2016

As Europe and America consume less coal, China gains greater influence over coal industry In its medium-term coal market report for 2016, IEA reports that global coal demand growth has stalled after more than a decade of 4% annual growth, with demand in 2016 to be below 2013 levels. Consumption decreased for the first time in 2015 as declines in

Iran is Undercutting Saudi Oil Prices

April 8, 2016

Iran selling Forozan Blend to Asia at a $2.43 discount Iran is increasing pressure on fellow OPEC members as its attempts to retake lost market share in major markets like Asia. The Islamic Republic is now undercutting the price of Saudi crude oil in Asia after holding its own crude at a premium to Saudi Arabia’s light crude for almost

Waning Coal Demand in Asia Pushes Global Trade Down for the First Time in 21 Years

November 20, 2015

Coal loses support as demand in China falters The global coal trade declined for the first time in 21 years in 2014, and likely contracted further this year as well, according to information from the Energy Information Administration (EIA). The global coal trade grew rapidly from 2008 to 2013 as demand in Asia picked up to support expanding economies in

global petroleum consultancy Netherland, Sewell & Associates (NSAI) hosts a series of oil and gas property evaluation seminars. Oil & Gas 360

The Next Decade’s Oil Demand Growth Story: U.S. and India Overtake China

November 16, 2015

The U.S. and India will drive oil demand growth in the future – Raymond James China’s economy has been a demand-growth powerhouse over the course of the last decade as the country’s industrial sector boomed, but China’s role in global demand growth will be on the decline moving forward, according to research from Raymond James. Stepping up to take China’s

Premium Content