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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.
Under this deal, which often occurs at off season, CPC receives those two cargoes initially destined to KOGAS from Malaysia's Petronas LNG this month, said a source.
KUALA LUMPUR: Petronas has signed two contracts through its subsidiaries Malaysia LNG Sdn Bhd (MLNG) and Petronas LNG Ltd (PLL) to supply up to 2.6 million tonnes per year of liquefied natural gas (LNG) to Taiwan’s CPC Corporation.
Bearish factors enabled Malaysia-based Titan to buy a first-half April naphtha of full-range grade at a discount.
KUALA LUMPUR: Taiwan’s CPC Corp has shelved its plans for a multi-billion US dollar integrated refining and petrochemical complex in Pengerang, Johor, reports said on Thursday.
TAIPEI: Taiwan’s decision to allow petrol prices to rise to ease the burden on state-run oil firm CPC Corp is set to lift inflation, all but ruling out any rate cut by the central bank but possibly triggering a rise in the Taiwan dollar to mitigate the impact on consumers.