Saudi Aramco, the world’s largest crude oil exporter, has assured at least five North Asian refiners they would get the full crude volumes they had asked for in July, even after the production cut Saudi Arabia announced last week, sources familiar with the plans told Reuters on Monday.
For now, trade relations between Australia and China are sketchy at best. Therefore, Australia has started looking for other markets to ship commodities like ore and coking coke, one such market being India.
A wave of freezing weather is sweeping across Asia and will likely boost energy demand on the continent as the thermometer plunges deep below zero
New LNG projects are driven mainly by a short-term increase in natural gas demand in Europe and Asia.