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US record oil exports bite into Russia, Opec market share in Asia

SINGAPORE: Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia and producers in the Organisation of the Petroleum Exporting Countries (Opec).

Top oil buyers seek chemistry in love affair with US crude

SINGAPORE: The world’s biggest oil buyers are getting pickier about their American crude purchases.

Taiwan accepts resignation of gas supplier chief after blackout

TAIPEI (Reuters) - Taiwan on Friday said Premier Lin Chuan had accepted the resignation of Chen Chin-te, the chairman of gas supplier CPC Corp, three days after a massive power blackout hit businesses and homes across the island.

Taiwan power outage caused losses to 151 firms

TAIPEI: Taiwan’s massive power blackout on Tuesday resulted in about US$3mil worth of losses for 151 companies in industrial parks and export processing zones on the island, the economics ministry said.

Taiwan's CPC says blackout caused by flawed power supply replacement process

TAIPEI (Reuters) - A flawed power supply replacement process caused a massive power blackout in businesses and homes across Taiwan, state-owned CPC Corp, the island's biggest gasoline supplier, said on Wednesday at a news briefing.

Taiwan suffers massive power cut, affecting millions of households

TAIPEI (Reuters) - Taiwan suffered a massive power blackout on Tuesday evening that hit businesses and residential homes, affecting close to seven million households on the heavily industrialised island amid sweltering heat.

Global LNG buyers, sellers meet as Japan probes clauses

TOKYO: A new Japanese regulatory probe into sales restrictions for liquefied natural gas (LNG) contracts will be at the forefront of discussion as the industry’s biggest buyers and sellers gather in Tokyo this week.

Global LNG buyers, sellers from Malaysia, Australia, Qatar meet amid Japan probe

TOKYO: A new Japanese regulatory probe into sales restrictions for liquefied natural gas (LNG) contracts will be at the forefront of discussion as the industry's biggest buyers and sellers gather in Tokyo this week

Opec price war in Asia intensifies as oil falls below US$50

SINGAPORE: Even as Saudi Arabia and its Gulf OPEC allies appear united in their refusal to cut output to boost global oil prices, they are becoming locked in an increasingly fierce battle to secure market share in Asia.

Gas blast in Taiwan kills 25, injures 267, topples buildings

KAOHSIUNG Taiwan (Reuters) - A series of explosions caused by a gas leak killed 25 people and injured 267 in Taiwan's second city on Friday, sending flames shooting 15 storeys into the air, setting ablaze entire blocks and reducing small shops to rubble.