김종찬의 안보경제블로그

The International Energy Agency (IEA) predicted on the 29th that China's oil consumption decreased for the first time in decades last year, curbing the rise in international energy prices. The Bank of Korea said on the same day, “The future energy market will show fluctuations depending on various factors such as geopolitical conflicts and abnormal weather as well as economic factors.” As a resu..

Reuters reported on the 4th that the supply of US LNG to Asian countries such as Korea will increase at higher prices this year. Last year, LNG imports moved about 69% of US LNG exports, or 7.2 bcfd, to Europe as shippers diverted cargo from Asia to get higher prices. In 2021, when prices were higher on the Asian side, only 35% of US LNG exports (about 3.3 bcfd) went to Europe. Last year, a fire..

As the US pressured Middle Eastern countries to increase oil production, OPEC member countries agreed to increase production, and Russia and Japan escalated a gas war. The decline in oil consumption has turned to $90 a barrel this year amid concerns about a recession in the US economy, and the conflict over the introduction of a cap on the price of Russian crude oil has begun. The Washington Pos..