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Business 14 Oct 2013 | 1:05 PM

Asia-Pacific oil imports by 2035 to rise close to Mideast 2011 crude output - ADB

DAEGU (South Korea): Net oil imports in the Asia-Pacific will rise to more than 25 million barrels per day in 2035, or close to the current crude output in the Middle East, as energy demand growth outpaces the rest of the world, the Asian Development Bank said on Monday.

Business 05 Sep 2016 | 12:00 AM

Asia oil output to shrink on lack of investments, price may rise

SINGAPORE: A widening gap between Asia’s oil production and demand is creating a growing capital drain for the region and leaving countries vulnerable to global supply disruptions and a sudden surge in oil prices

Business 13 Aug 2013 | 2:53 PM

China set to become world's biggest net oil importer

BEIJING: China is set to overtake the United States as the world's largest net oil importer from October, according to US figures, due to a combination of rising Chinese demand and increased US production.

AseanPlus News 05 May 2007 | 12:00 AM

Major find boosts reserve

CHINA'S newly found oilfield in Bohai Bay has a reserve of one billion tonnes, or about 7.35 billion barrels, the largest discovery in the country over four decades, announced the China National Petroleum Corporation (CNPC) on Thursday.