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Asia scrambles for alternatives to oil and gas
Asian buyers are advancing LNG shipments and tapping stockpiles as Qatar's export plant shutdown cuts 20% of global supply, raising costs and supply concerns.
7 Articles
7 Articles
By Carla Norrlöf, Project Syndicate.TORONTO- As the conflict with Iran redefines the premises of global security and energy markets, the debate in the United States has focused mainly on why President Donald Trump opted for war in the first place. Was it for reasons of internal politics, for the desire to project force, for an error of calculation or for some other reason?These explanations may have merit, but they run the risk of hiding the roo…
China, the world’s largest importer of gas and oil, is the country most exposed to the energy crisis that has erupted in the last four days. Almost a third of the liquefied natural gas (LNG) that China buys comes from Qatar, which has shut down its gas industry, and every day imports 1.3 million barrels of crude oil from Iran. To this we must also add that the Asian giant lost Venezuela’s oil after Maduro’s fall in January. China’s reaction – lo…
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Hedge funds had boosted exposure to emerging markets to the highest level in five years, betting on a weaker dollar and improving growth trends. The sudden escalation involving Iran rattled those positions, triggering volatility across currencies, commodities and regional equities. Managers are now ... Article link
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