Indonesia set to build new petroleum storage facility, boost energy reserves
The government has planned to increase national energy buffer reserves from 21 days to 51 days by establishing a petroleum storage facility on Nipa Island, Riau Islands.
Indonesia to Implement B50 Palm Oil Biodiesel Mandate Next Year
Jakarta. Indonesia is sticking to the plan of distributing biodiesel with higher palm oil content starting in 2026.
Mixed oil price adjustments set Feb. 4
MANILA – Oil firms announced mixed price adjustments effective Tuesday. In separate advisories on Monday, Caltex, Cleanfuel, Petro Gazz, Seaoil, and Shell said gasoline prices would increase by 70 centavos per liter while slashing diesel prices by PHP1.15 per liter.
Fuel prices drop in latest adjustment
Hanoi (VNA) – The Ministry of Industry and Trade and the Ministry of Finance have announced a fuel price adjustment, effective from 3:00 pm on February 1.
Malaysia State Oil Giant Petronas Looks to Boost Production
Petronas aims to increase Malaysia’s oil and gas production to 2 million barrels of oil equivalent per day (boepd) over the next three years to 2027, the Malaysian national oil company said in its Activity Outlook 2025-2027.
Indonesia to Restrict Crude Oil Exports to Meet Domestic Demand
Jakarta. The Indonesian government plans to restrict crude oil exports this year to maximize the utilization of local refineries and ensure sufficient fuel supply for domestic consumption.
PTT report sees oil prices decreasing
Global energy market prices are expected to decline as new US president Donald Trump recently announced plans to increase domestic production of oil and gas, according to the weekly global oil market report issued by national oil and gas conglomerate PTT Plc.
Malaysia’s Petronas to decommission Sabah-Sarawak gas pipeline
Jan 28 (Reuters) – Malaysia’s Petronas will decommission the Sabah-Sarawak gas pipeline, the state energy firm said on Tuesday in its activity outlook report.
