Vietnam plans to spend more than $6 billion to build a strategic petroleum reserve and to expand commercial storage for crude oil and oil products by 2025, according to a document reviewed by Reuters.   Read Article  +

OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the profit traders like Vitol Group and Glencore Plc earn by buying and selling the region’s oil.   Rea...  +

High profit margins and a surge in exports will keep Europe’s refineries running full tilt into the autumn, helping to eat into some of the Atlantic Basin’s excess of crude oil.   Read Article  +

Bangladesh is close to signing a twice-delayed long-term liquefied natural gas (LNG) supply contract with Qatar but it will take less gas than initially planned and instead turn to spot cargoes amid a supply glut that has lower prices.   Read Ar...  +

Commodity trader Swiss Singapore Overseas Enterprises is expanding its trading operations in Singapore and may start an office in the United States by the end of the year, said three industry sources on Tuesday.   Read Article  +

Oil bulls got their first ray of hope last week from the U.S. Energy Information Administration. Weekly data showed a sharp fall in inventories, appearing to support the notion that OPEC is finally taking chunks out of the global crude glut.   R...  +

South Korea’s shift from coal and nuclear towards renewables and liquefied natural gas for power generation could help soak up growing supplies of the super-cooled fuel in the coming years.   Read Article  +

Bangladesh's plan to start importing liquefied natural gas (LNG) next year will likely dampen its demand for oil used in power generation, government and industry sources said.   Read Article  +

This is obviously welcome news for the majority of African states that are net oil importers, but not so positive for the continent’s exporters. Countries with export ambitions of their own, such as Kenya, are banking on sustained higher prices to...  +

Last autumn, after my wife started a new job 25 minutes' drive away, I bit the bullet and bought a second car for the family. I did my research—as most of us do: after a house, a car is often the biggest purchase we'll make.   Read Article  +