Asian oil markets

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Hence, the LNG market is sitting on lots of unneeded gas. Jessica Jaganathan and Henning Gloystein. The two-decade-long dispute on the statute of the Caspian Sea, the world largest water reserve, came to an end last Sunday when five littoral states Russia, Iran, Turkmenistan, Kazakhstan and…. Even if the outlook was for a tighter market and forward prices were higher, storing LNG for later sale rarely happens. Asian markets for liquefied natural gas LNG and oil are closely related, and both now awash in oversupply. Treat others as you wish to be treated Criticize ideas, not people Stay on topic Avoid the use of toxic and offensive language Flag bad behaviour Comments that violate our community guidelines will be removed. Article text size A.

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Asian oil and LNG markets are both oversupplied. So why are prices so different?

The South China Sea: Commenters who repeatedly violate community guidelines may be suspended, causing them to temporarily lose their ability to engage with comments. This should only take a few moments. Aug 13, at While oil is mostly used in Asia to fuel cars, trucks, ships and planes, a lot of LNG is used in power stations and for heating: This is a space where subscribers can engage with each other and Globe staff. Jessica Jaganathan and Henning Gloystein.

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