Two of the ASCOPE’s major events, The 42^nd ASCOPE Council Meeting, and the 82^nd ASCOPE National Committee Meeting were held during 6-9 September 2016 in Siem Reap, Cambodia.

ASCOPE Major Event: The 27^th ASCOPE Joint Committees and The 81^st ASCOPE National Committee Chairpersons Meeting

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Singapore — US crude stayed below $30 per barrel in Asia Wednesday as oil price losses deepened on expectations US petroleum stockpiles will rise further and exacerbate the already oversaturated global market.

WASHINGTON: U.S. President Barack Obama will launch a long-shot bid next week to impose a $10-a-barrel tax on crude oil that would fund the overhaul of the nation's aging transportation infrastructure, the White House said on Thursday.

Crude oil futures steadied on Friday after earlier losses, as bearish fundamentals weighed on markets at the end of a volatile week that saw prices seesaw over 10 percent within a day.

SEOUL, South Korea (AP) — Asian stock markets were mostly lower Tuesday as the price of oil extended losses following a 6-percent plunge that was sparked by data showing a manufacturing slowdown in the world's two largest economies.

Asian stocks rose, with the regional benchmark index heading for its first advance in three days, as energy and raw-material producers gained after oil surged. Shares in Tokyo fell after the yen strengthened, with the Topix index erasing its rally from the Bank of Japan’s latest stimulus.

Occidental Petroleum Corp. posted its deepest quarterly loss in at least a quarter century as plummeting crude prices destroyed the value of oil fields.

After a year of low oil prices, only 0.1 percent of global production has been curtailed because it’s unprofitable, according to a report from consultants Wood Mackenzie Ltd. that highlights the industry’s resilience.

President Barack Obama will propose a $10 per barrel tax on oil in his fiscal 2017 budget plan, an idea that received a chilly reception in the Republican-controlled Congress that oversees spending.

MALAYSIA and Brunei have finalised matters related to oil and gas exploration in the overlapping area in Blocks CA1 and CA2, Malaysia’s Prime Minister Datuk Seri Najib Tun Razak said yesterday.

Thailand is likely to start its 21st round of petroleum exploration this year, expecting to grant licences to upstream petroleum investors by next month, says the Mineral Fuels Department.

PTT Plc has announced plans to buy 1 million tonnes of liquefied natural gas (LNG) per year each from Shell and BP for 15-20 years.

Energy security will be a priority for the new chief of the country's national oil and gas conglomerate.

PTT Plc has earmarked 208.5 billion baht for natural gas operations over the next six years.

A GROUP OF LPG-RELATED BUSINESSES IS SEEKING SIGNATURES TO SUPPORT ITS OPPOSITION TO THE ENERGY MINISTRY'S PROPOSED EXCISE-TAX INCREASE.

A MEMBER OF THE NATIONAL REFORM COUNCIL SPECIALISING IN ENERGY ISSUES HAS PRESSED HER CASE FOR ABANDONING THE CONCESSION SYSTEM FOR PETROLEUM EXPLORATION AND PRODUCTION, ADVOCATING SHORT-TERM PRODUCTION SHARING INSTEAD.