Myanmar’s political woes may apply brakes to gasoline inflows
Singapore — The recent military coup in Myanmar is expected to inject headwinds into the Asian gasoline market as the political situation has raised fears of slowing imports in the near term, potentially squeezing domestic supplies in a country that has limited production bandwidth of its own.
PTT Oil Surges in Bangkok Debut After $1.57 Billion IPO
PTT Oil & Retail Business Pcl, the retail unit of Thailand’s biggest energy company, jumped in its trading debut after raising about $1.57 billion in the country’s biggest initial public offering in almost a year.
Petron Bataan Refinery may get tax break from CREATE bill
Petron Corporation may be getting its desired sigh of relief for its refinery in Limay, Bataan as the Congress-approved Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill would exempt petroleum refineries from taxes on crude oil imports.
PH urged to be wary of China’s intention on oil exploration after passage of Coast Guard law
Metro Manila (CNN Philippines, February 10)— The Philippines should be wary of China’s intention regarding the countries’ joint oil and gas exploration deal in the West Philippine Sea, a former Supreme Court justice said Wednesday amid issues surrounding Beijing’s new Coast Guard law.
Not all O&G companies will immediately benefit from higher crude oil prices, say analysts
KUALA LUMPUR (Feb 9): While higher Brent crude prices have fanned interest in oil and gas (O&G) counters listed on Bursa Malaysia, fund managers and heads of research believe not every company is set to benefit immediately from the higher prices.
Jurong Port to take over stakes in Universal Terminal
[SINGAPORE] Singapore port operator Jurong Port is set to take over the shares in a major oil storage terminal in the city state from the Lim family behind collapsed oil trader Hin Leong, three sources with knowledge of the matter told Reuters.
Japan’s JERA signs MOU with Malaysia’s Petronas for ammonia, LNG collaboration
TOKYO, Feb 9 (Reuters) – Japan’s biggest power generator JERA has signed a memorandum of understanding (MOU) with Malaysia’s Petronas [RIC:RIC:PETR.UL] to discuss collaborations in energy areas such as ammonia, hydrogen and liquefied natural gas (LNG), the two firms said on Tuesday.
Oil firms to raise prices anew this week
MANILA – Oil companies will increase their pump prices on Tuesday.
