Asian gasoil demand growth crashed in 2013, falling to just 0.8% - the lowest rate of expansion since the 1998 Asian Financial Crisis. The slump in gasoil demand growth can be traced directly back to China and India. This is no surprise, seeing a...  +

The Middle East’s energy sector  is entering a new era of responsibility with increased focus on strengthening efficiency and renewable sources, Saeed Khoory, CEO of Emirates National Oil Company, or Enoc, said on Monday.     Read Article  +

A deal between China's top refiner Sinopec Corp and Phillips 66 could be a game changer that signals the United States is on track to become one of the top suppliers of liquefied petroleum gas (LPG) to the world's second-biggest economy.   Read ...  +

Russian oil exports total about 7 mmb/d (4 mmb/d crude, 3 mmb/d products); exports of natural gas to Europe about 160 bcm per annum. The confrontation with Russia over its effective annexation of the Crimean peninsula in Ukraine has resulted in s...  +

What is a more possible scenario is disruption to oil/gas flows across Ukraine, if the current situation develops into confrontation. Transit volumes of natural gas from Russia to Europe across Ukraine totalled 86 bcm in 2013, but it is thought t...  +

Runs totalled 2.45 mmb/d, down y-o-y by 9.2% or 249 kb/d. Over the past 12 months, South Korean refinery runs have fallen by some 5.9% compared to the preceding 12 months.   As one of the region’s main exporters, South Korean refiners are acutely...  +

February data indicated Indian crude imports jumped to a record high of 4.3 mmb/d, while total products consumption also reached a new high record high of 3.68 mmb/d.  Weak diesel demand has been a drag on total demand over the past year, but was...  +

Friday last week saw the oil market react to the ongoing tensions in the Ukraine, and in particular to the Crimea referendum that took part last Sunday (whether or not the Crimea would leave the Ukraine and return to Russia). On the lik...  +

LNG reloading has increased significantly over the last few years especially at European import terminals re-exporting to East Asia and South America, owing largely to significant price differentials between regional markets.     Read Article    +

India’s oil minister recently announced an effort to refresh the two-decade-old estimate of oil and gas reserves. But Fereidun Fesharaki, chairman at FGE, a consulting group focused on oil and gas markets, remains skeptical about efforts to furthe...  +