Think the stories are reconcilable. Simply by invoking a differential hit by country, with USA oil and LNG sectors profiting enormously:
i) Helps USA producers who are racing to keep up with demand says FT -> https://www.ft.com/content/fb837a9d-6334-43da-a58d-cb9830dc68fe ii) European stocks crashing and supply LNG getting tough FT -> https://archive.is/U3v0q "Qatar produces a fifth of the world’s LNG production and is the biggest supplier to Asia, triggering a renewed round of competition with Europe for scarce cargoes of the fuel." This in part explains Merz’s slightly less bellicose tone today at White House. iii) Asia, well, swing back to coal; and China has been stockpiling: ->https://finance.yahoo.com/news/china-oil-buying-spree-may-000000700.html "Those record imports in 2025 averaged 11.55 million barrels daily. That was a 4.4% increase on the previous year, yet not all of that oil was refined. In fact, a lot of it was stockpiled. From March 2025 onwards, “we started to see a very impressive rate of stockpiling, like close to one million barrels per day,” Frederic Lasserre, global head of research and analysis at commodity trading giant Gunvor, said last September. Not only was China stockpiling crude at elevated rates, but it was making steps to expand its oil inventory by building new storage sites—a total of 11 of these, with a combined capacity of as much as 169 million barrels. Now, some observers speculated at the time that China was stocking up on oil as it prepares to take Taiwan, in anticipation of a reaction from the U.S. but since nothing has happened around Taiwan for the time being, this remains only speculation." Others in Asia competing against Europe: FT -> https://archive.is/bFJsv#selection-6273.0-6273.307 "Europe gets only about 10 per cent of its LNG from Qatar, but this rises to a third for Italy. Even so, the loss of Qatari LNG will increase global competition for supplies, with Asian buyers desperate to replace Qatari volumes now likely to seek US cargoes that would otherwise have been bound for Europe. “ H -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#40905): https://groups.io/g/marxmail/message/40905 Mute This Topic: https://groups.io/mt/118117944/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
