Asia Market Research

Low oil prices have eroded margins and earnings outlooks for Asia-Pacific oil and gas companies. China, which added the most to global oil demand in 2016, is likely to grow more slowly as it shifts away from heavy industry and becomes less oil-intensive. Plunging crude prices have spilled over into oil-indexed LNG. Seven LNG projects in Australia will come online in the next two years, establishing the nation as the world’s largest exporter of liquefied gas by 2018.

Asia-Pacific Energy: 2016 Outlook

Low oil prices have eroded margins and earnings outlooks for Asia-Pacific oil and gas companies. China, which added the most to global oil demand in 2016, is likely to grow more slowly as it shifts away from heavy industry and becomes less oil-intensive. Plunging crude prices have spilled over into oil-indexed LNG. Seven LNG projects in Australia will come online in the next two years, establishing the nation as the world’s largest exporter of liquefied gas by 2018.

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This report is provided by Bloomberg LP. For more information on Bloomberg LP, visit their website at: https://www.bloomberg.com/

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