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C.Asia

C.Asia
2018, August, 8, 12:05:00
U.S. SANCTIONS FOR THE WORLD
ARAB NEWS - US President Donald Trump warned the world against doing business with Iran on Tuesday as he hailed the “most biting sanctions ever imposed,” triggering a mix of anger, fear and defiance in Tehran.
C.Asia
2018, August, 8, 11:55:00
INDIA'S OIL IMPORTS UP
REUTERS - Indian refiners’ interest in U.S. crude will be welcome news to shale producers looking for buyers outside of China, which is likely to scale back imports as the trade dispute between the administration of President Donald Trump and Beijing escalates.
C.Asia
2018, July, 16, 10:45:00
RUSSIA'S INVESTMENT FOR IRAN: $50 BLN
BLOOMBERG - Iran said Russia is ready to invest as much as $50 billion in its oil industry even as Western majors are pulling out of deals with the republic amid the threat of U.S. sanctions.
C.Asia
2018, July, 11, 09:25:00
OIL PRICES 2018 - 19: $73 - $69
EIA - Brent crude oil spot prices averaged $74 per barrel (b) in June, a decrease of almost $3/b from the May average. EIA forecasts Brent spot prices will average $73/b in the second half of 2018 and will average $69/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average $6/b lower than Brent prices in the second half of 2018 and $7/b lower in 2019. NYMEX WTI futures and options contract values for October 2018 delivery that traded during the five-day period ending July 5, 2018, suggest a range of $56/b to $87/b encompasses the market expectation for October WTI prices at the 95% confidence level.
C.Asia
2018, July, 6, 11:25:00
KASHAGAN'S OIL 300 TBD
PLATTS - Kazakhstan's giant Kashagan oil field is achieving new production highs everymonth and has done better than 300,000 b/d, but development beyond the currentphase is likely to be about "discretionary step-ups" rather than giant steps,Shell country chair and vice president Olivier Lazare said Thursday.
C.Asia
2018, June, 29, 10:20:00
INDIA'S STRATEGIC NUCLEAR
WNN - GE and EDF have signed a strategic cooperation agreement for the planned construction of six EPR reactors at the Jaitapur site in Maharashtra, India. The document was announced by Xavier Ursat, senior executive vice president of EDF in charge of new nuclear projects and engineering, and Andreas Lusch, president and CEO of GE's Steam Power business.
C.Asia
2018, June, 27, 10:45:00
ARABIAN INVESTMENT FOR INDIA: $44 BLN
AOG - Sheikh Abdullah said: “This agreement strengthens the already close ties between the UAE and the Kingdom of Saudi Arabia and between the UAE and India. The UAE is unwavering in its commitment to its strategic multi-lateral relationships with both Saudi Arabia and India, as well as being a reliable partner in India’s energy security. We look forward to exploring further opportunities to expand our energy partnerships and to collaborating on new, broader, opportunities that will further strengthen and deepen the long-standing economic links between our three countries.”
C.Asia
2018, June, 20, 12:10:00
GAZPROM'S GAS FOR KOREA
PLATTS - "Today, the political situation is somewhat different. The South Korean side approached Gazprom about the revival of this project. A series of talks took place on this. These talks are continuing. We can't say anything further, but we are renewing such talks with the Korean side," Markelov said.
C.Asia
2018, June, 18, 14:05:00
INDIA NEED RESPONSIBLE PRICE
PLATTS - Saying that current oil prices were not supported by market fundamentals, Indian oil minister Dharmendra Pradhan on Thursday called for "responsible pricing, one that balances the interests of both the producer and consumer."
C.Asia
2018, June, 4, 13:45:00
THE DRAMATIC U.S. GOVERNMENT
PLATTS - "Japanese companies don't want to stop imports suddenly," he said, adding the US position needed clarifying. "The situation in the US government is drastically changing every day."
C.Asia
2018, June, 4, 13:10:00
JAPAN'S OIL INVESTMENT
PLATTS - Japan is keen to back oil investments in the Caspian states of Azerbaijan and Kazakhstan as it tries to reduce its reliance on Middle Eastern countries, particularly Saudi Arabia, the UAE and to a lesser extent Iran, Japanese officials said
C.Asia
2018, May, 30, 13:45:00
INDIA IGNORES SANCTIONS
BLOOMBERG - India, a long-time buyer of oil from both Iran and Venezuela, only complies with United Nations-mandated sanctions and not those imposed by one country on another, said foreign minister Sushma Swaraj at a press conference in New Delhi on Monday.
C.Asia
2018, May, 18, 09:00:00
INDIA'S OIL IMPORTS UP 2.5%
REUTERS - India’s oil imports from Iran surged to 640,000 barrels per day (bpd) in April, its highest level since October 2016, according to data from shipping and industry sources, as refiners raised purchases ahead of looming U.S. sanctions against Tehran.
C.Asia
2018, May, 10, 13:10:00
OIL MARKET STABILITY
PLATTS - Saudi Arabia's energy minister Khalid al-Falih said Wednesday that the country would work closely with OPEC as well as non-OPEC producers to mitigate the impact of any shortages that might arise following the US' decision to withdraw from the Iran nuclear deal.
C.Asia
2018, April, 25, 09:55:00
ASIA'S LNG DEMAND
REUTERS - global liquefied natural gas (LNG) imports have risen 40 percent since 2015, to almost 40 billion cubic meters (bcm) a month. Growth accelerated in 2017, with imports up by a fifth, largely because of rising demand in China, but also in South Korea and Japan.