Reuters: Warp Factor: Asia’s LNG Markets Distorted by Oil Price Surge

25 April 2019

Brent this week hit highs so far for 2019 after Washington stepped up sanctions on Tehran and as the Organization of the Petroleum Exporting Countries (OPEC) continued to withhold crude supply to bolster markets. [O/R]

“Anyone buying on a Brent basis and selling on a (spot) basis, for example, is losing money in a big way,” said Jason Feer, global head of business intelligence at Poten & Partners, an LNG tanker brokerage and consultancy.

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