Tag: Asia
Column: Time to hit reset on Canadian trade negotiations with Asia
By Glen Hodgson This article was originally published in The Globe and Mail on December 29, 2017. Canada’s trade dialogue with its Asia partners encountered a rough patch in November, when, at the last minute, a multicountry agreement was not advanced. Even as we work to clarify NAFTA with the United States and Mexico, we need to […]
Coal falls as gas rises: World energy balances in 2016 – IEA
Oil remains most used fuel (mainly for transport), then coal (mainly for electricity) Global coal production fell significantly in 2016, while global trade in natural gas was up. These are two of the key messages in World Energy Balances, the IEA’s comprehensive picture of energy statistics. These data are drawn from official national data submissions to […]
OPEC supply cut extension builds Asia’s crude supply concerns
OPEC supply cut to March, 2018 The decision by the Organization of Petroleum Exporting Countries to extend the OPEC supply cut to the end of the first quarter of 2018 did not help boost oil prices, but it did leave some refiners in Asia concerned about their crude supply. The extension of the pact left […]
Succeeding in Age of Trump requires Canada to adjust trade, economic priorities
Trade development could be enhanced with countries where bilateral free trade deals are in place, led by South Korea The election of Donald Trump has changed the international policy environment, posing a challenge for Canadian policy-makers and business leaders, according to Canada Chamber of Commerce. Canada needs to refocus its international trade and economic priorities […]
King Salman’s Asia tour trumpets Saudi Aramco downstream moves
Saudi Aramco to supply crude to Asian refineries kingdom invested in Saudi Arabia’s King Salman has been on a three-week tour of Asia, and along the way has cemented the kingdom’s place as a leading crude supplier to the world’s largest consumer market. During his tour of Malaysia, Indonesia, Japan and China, King Salman signed a […]
Saudi Arabia cuts light crude prices to Asia, looking to shore up demand
Saudi Arabia fights for market share In a bid to shore up demand in an oversupplied market, for the first time in three months, Saudi Arabia cut April prices of light crude that it sells to Asia. For two months, Saudi Arabia increased prices to Asia after production cuts agreed to by OPEC members and some […]
Bangladesh aims to raise trade volume to $5 billion/year with Canada by 2022
Bangladesh exports mostly clothing to Canada, imports Canadian food grains DHAKA, Feb 25 (Reuters) – Bangladesh aims to raise its annual bilateral trade with Canada to $5.0 billion by 2022 from the current $2.0 billion, a senior government official said on Saturday. Bangladesh is the second-largest importer of Canadian food grains and other agricultural products in […]
China’s soaring LNG demand to help rein in global glut
LNG demand “growing very quickly”: Woodside Petroleum CEO By Chen Aizhu and Mark Tay BEIJING/SINGAPORE, Feb 23 (Reuters) – China’s soaring LNG demand is sparking industry hopes that a supply overhang causing a slump in prices will end sooner than initially anticipated. China’s imports of LNG in January rose 39.7 percent from a year earlier to 3.44 […]
Singapore carbon tax would hit refiners, help renewables
Singapore carbon tax could indicate longer-term shift to cleaner energy By Jessica Jaganathan and Henning Gloystein SINGAPORE, Feb 21 (Reuters) – The proposed Singapore carbon tax would probably hit oil refiners hard, ramping up costs in an industry that has been central to the city-state’s rapid development over the last half-century. Monday’s announcement that a carbon […]
Saudi Aramco to supply full March oil volumes to two Asian buyers
Saudi Aramco protecting market share in Asia SINGAPORE, Feb 8 (Reuters) – Saudi Aramco will supply full contract volumes of crude oil to two Asian buyers in March, two industry sources with knowledge of the matter said on Wednesday. “We are unaffected” by the OPEC cut, one of the sources said. Saudi Aramco could not be […]
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