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JOINT OIL STOCKPILING
What is ASEAN and why does the bloc matter amid global tensions?Major powers will join a summit next week of Southeast Asian nations hosted by the Philippines against one of the most complex backdrops fo...- ASEAN to launch joint oil product stockpiling scheme as early as 2027, Nikkei reportsIn a move to bolster regional energy security, ASEAN nations plan to roll out a collective oil stockpiling project by 2027. This initiative...
- 'Missile shield at Mar-a-Lago, mass burial drills': Is Trump ready?The US military is enhancing its presence in the Middle East as tensions with Iran escalate. Preparations include reinforcing air defenses ...
- Asia races to stockpile oil, speed up renewables in response to Iran warAmid the uncertainties triggered by the Iran war, Asian countries are stepping up their oil storage frameworks. The Philippines is on a mis...
- Saudi, UAE join Japan-led push to bolster Asian oil buffersSaudi Arabia and the United Arab Emirates are joining Japan's efforts to strengthen oil supply security in Southeast Asia. This collaborati...
- Trump plans grand spectacle for potentially tense Xi talksUS President Donald Trump is preparing to welcome Chinese President Xi Jinping for a significant three-day visit. The leaders are expected ...
- Operation Epic Fury: IG report reveals $33B war costs, loss of multiple F-15E Strike Eagles, and diplomatic strainMonths of bombing and missile attacks on Iran are yet to yield any substantive gains to the US. While President Donald Trump has on several...
- Oil prices slide 2% on Iran-Oman talks to reopen Strait of HormuzOil prices have dropped following the revival of discussions between Iran and Oman regarding the management of the Strait of Hormuz. The lo...
- India, Japan agree on crude oil stockpiling & reserve systemsIndia and Japan are joining forces to bolster energy security, creating joint strategies for crude oil and petroleum product stockpiling to...
- Military hardware, energy supply chains to fortify India-Japan tiesIndia and Japan have officially strengthened their strategic partnership, emphasizing initiatives aimed at economic security and collaborat...
- Japan will provide support worth about $10 billion to help strengthen energy supply in AsiaExternal Affairs Minister S. Jaishankar said attacks on merchant vessels are “completely unacceptable,” stressing India’s commitment to sec...
- G7 ready to act on oil surge but holds off tapping reservesGlobal oil prices have surged past $119 a barrel due to the U.S.-Israel war on Iran. G7 nations are ready to take action to stabilize the m...
- Ukraine, climate, hunger: the G7 action plansHere are the main plans drawn up by the leaders of Britain, Canada, France, Germany, Italy, Japan and the United States in tackling the myr...
- India in advanced talks to store oil in US strategic petroleum reserve: Oil Minister Dharmendra PradhanIndia has been looking to expand the storage capacity and is also exploring the possibility of hiring storage in the US to stock some oil t...
- Oil strategy: Attack on Saudi oil plant is what everyone fearedTraders who have shrugged off tensions in Middle East to respond when markets open on Monday.
- View: World’s oil glut is much worse than it looksThe oil producing nations may to have to consider both longer and deeper cuts.
- Russia and Saudis see crude oil inventories falling after price dipOpec producers agreed on May 25 to extend the supply deal until the end of the Q1 of 2018.
- With crude back at $50, this may be the best time to buy oilBrent crude, fell to a 5 month low of $46.64 a barrel amid doubts about the effectiveness of OPEC and Russia’s joint supply curbs.
- India, Japan to jointly hunt for oil, gas in fresh pasturesIndia and Japan will together explore oil and gas in a third country to enhance global energy security and build lasting partnerships in th...
- Oil traders seek crude tankers from S Korea to USSeveral oil majors and western traders are looking to charter large tankers from South Korea to the US West Coast, apparently to lift crude...
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