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Singapore reforming spread near 8-year low on gasoline overhang, poor blend demand

Singapore — The Singapore reforming spread, which measures the difference between FOB Singapore 92 RON gasoline and the FOB Singapore naphtha derivative, tanked to a near eight-year low of $6.58/barrel at 0830 GMT close of Asian trade Tuesday, pressured by thin blending demand thanks to a chronic oversupply of gasoline. The reforming spread was last […]

UPDATE 1-Asian gasoline refining margins crash to loss-making 7-year lows

SINGAPORE, Dec 5 (Reuters) – Singapore’s refinery margins for making gasoline have fallen to their weakest levels in seven years – so low that churning out this key motor fuel has become a loss-making business. Seen as a benchmark across Asia, Singapore margins for 92 RON gasoline against Brent crude oil GL92-SIN-CRK hit minus $1.44 […]

Why is green bond growth in Southeast Asia so weak?

Much of the growth in Asian green bond issuance is in China, with Southeast Asian countries gaining momentum. What can the finance industry do to boost green investments in developing nations in Southeast Asia? While the global market for green bonds reached a record of more than US$155 billion last year, there are still only a few banks in developing countries in […]

Vietnam could raise electricity prices in 2019

Officials cited factors such as lower supply for hydropower plants and gas fields. The Ministry of Industry and Trade (MOIT), as well as Vietnam Electricity (EVN), indicated that some factors that could raise the prices of power in Vietnam are growing, local newspaper VnExpress reported. MOIT’s Electricity Regulatory Authority (ERA) is developing a power supply […]

Poyry to work on various renewable energy projects in Indonesia

December 5 (Renewables Now) – Finnish consulting and engineering firm Poyry Plc (HEL:POY1V) said on Monday it has entered into a three-year framework agreement for the development of various renewable energy projects in Indonesia, including hybrid schemes. The contract was awarded by PT Indonesia Power, a unit of state-owned power distributor PT PLN, and covers […]

The most important country for the global climate no one is talking about

Indonesia is one of the world’s largest emitters of greenhouse gases, but manages to fly well below the radar. World leaders are gathered this month in Katowice, Poland, for COP24, the most important global meeting on climate change since the 2015 UN Climate Conference in Paris. At the top of agenda: getting countries to agree on […]

Kingdom petrol price spike looms

Retail petrol prices in the Kingdom continued to fall on Monday amid an increase in crude oil prices in the international market. This follows the renewal of a pact between two top oil producers to cap output and the temporary trade cease fire between the US and China. A Ministry of Commerce statement released on […]

Grundfos Partners with Cambodia to Improve Water Security

PHNOM PENH, Cambodia – Grundfos and the Ministry of Industry & Handicraft, Cambodia today confirmed that they will exchange a letter of intent to strengthen cooperation in water management, in an effort to reduce the cost of water and increase access to clean, quality water in the country. His Excellency Cham Prasidh, Minister of Industry […]

Southeast Asia braces for more oil volatility ahead of OPEC meeting

Most economies are net crude importers and benefit from lower prices JAKARTA — Rattled by rapid oil price swings in recent months, Southeast Asian economies are on tenterhooks ahead of an OPEC meeting this week that is expected to result in a supply cut to boost prices. The recent plunge in prices — the benchmark […]

Renewable energy for a livable future

In such a fast-paced world, when are you going to make time to take a look at what’s happening around you? With rampant development happening all over the world, there always seems to be a race to be better, to develop more, to be the first to innovate. However, such innovations and progress do not […]