Asia Pacific

Asia Pacific

Jakarta may cut fuel subsidy

The top priority of Indonesia’s likely next government will be to cut fuel subsidies to control the country’s widening budget deficit, a move it hopes to accomplish...

Asia Pacific

Brazil eyes Japan help

Brazil plans to use Japanese technology in building a floating structure and ships for its huge offshore oil development project, media reports said.Japanese Prime...

Asia Pacific

China Iran oil imports rise

China’s crude oil imports from Iran expanded 38 per cent in June from a year ago, although the shipments were also at their lowest level in four months, customs data...

Asia Pacific

China crude demand up

China’s implied oil demand rose in June to its highest level since January 2013 as crude runs hit a record high, although there were still doubts that the numbers...

Asia Pacific

Vitol SRFO to Hyundai

Swiss trading house Vitol will supply South Korean refiner Hyundai Oilbank with straight run fuel oil for six months starting from July-August, traders said.Hyundai...