The world is more resilient and energy-efficient than in the 1970s, yet broader structural vulnerabilities persist and could hit Asia hard.
The world is more resilient and energy-efficient than in the 1970s, yet broader structural vulnerabilities persist and could hit Asia hard
Trade wars and hot wars have opposite effects on oil prices. Having dropped to about US$60 per barrel in early May from fears over Trump’s tariffs, oil prices have seen swings since the start of the Israel-Iran war.
China consumes around 90% of Iran’s oil exports, so could be forced to rely on alternative suppliers – particularly Russia, says…
“The market has been complacent,” Chen Chien-Ming, an associate professor at NTU, says, blaming investors' "wishful thinking that…
"Clearly, the longer that oil remains at these levels, expectations of a sustained shock will only grow," Deutsche Bank's Jim…
Asia relies heavily on oil and gas from the Gulf, and shortages and higher prices are starting to bite.
Industry with business model not yet firmly established and investments financed by huge debts is particularly at risk
Crude oil prices fall sharply as energy markets remain on tenterhooks over effective closure of the Strait of Hormuz.
