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Finance & Markets

Thailand Seeks More Crude Oil Supplies Outside Mideast

Energy Minister, Akanat Promphan, says oil supply disruptions are prompting Thailand, like many other countries, to accelerate its energy transition. He added that Thailand has diversified its oil supplies since the war began, reducing its reliance on Middle Eastern suppliers to less than 30% from about 60% before the crisis. He appeared exclusively on Bloomberg's "Insight with Haslinda Amin."…

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Soaring LNG Prices Push Asian Demand Toward Second Annual Decline

Demand for liquefied natural gas in Asia is set to decline this year by between 3% and 10% on higher prices, according to analysts cited by Reuters.

  • Asian LNG demand projected to decline 3%-10% this year
  • Northeast Asia hardest hit by rising LNG prices
  • China's LNG imports expected to hit lowest September level since 2018

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