‘If this trend continues, it’s possible that Asian markets will end up with a surplus of lighter crudes and a deficit of heavier grades, which could conceivably send the Brent-Dubai swaps into a discount for the first time in seven years.’
Despite the decline in the real trade deficit, trade will probably be either neutral or impose a small drag on gross domestic product in the first quarter after subtracting 1.82 percentage points from fourth-quarter growth.
CHIBA, Japan - Producers of liquefied natural gas (LNG), having shot themselves in the foot with oversupply, and facing calls for flexibility and greater competition from other fuels are taking on more risk and learning to trade, just like any other commodities dealers.
SINGAPORE- Oil climbed to a near one-month high on Wednesday on signs of a gradual tightening in global oil inventories and on concerns about a supply outage at a field in the United Kingdom’s North Sea that feeds into an international benchmark price.
SINGAPORE/WASHINGTON - China, the world’s biggest coking coal importer, is scrambling to cover Australian supply disruptions after Cyclone Debbie knocked out mines and rails by turning to an unusual source: the United States.
CHIBA, Japan- The global liquefied natural gas (LNG) industry will face a shortfall in supply in about five years because low prices have kept producers from making new investments in production, major producers said on Tuesday.
SEOUL - Oil prices rose slightly on Tuesday due to a weaker dollar, though a rebound in Libyan production put pressure on the market and rising US drilling signaled the potential for increased supply and capped price gains.
SINGAPORE—Prices for shipping containers, the metal boxes that carry 90 percent of the world’s manufactured goods, have risen to their highest since October 2015, a clear indicator that seaborne trade is increasing and should grow further this year.
SINGAPORE - The world’s gas industry is descending on Tokyo this week with something other than cherry blossoms on its mind: a trio of Asian LNG buyers testing their collective muscle in a push for more flexible long-term contracts for the fuel.
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