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NBAR: The Outlook for Asia’s Oil Market in a Lower-Price Environment
External Publications by Antoine Halff • December 19, 2016
Updated May 9, 2024
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External Publications by Antoine Halff • December 19, 2016
Asia, the world’s largest oil-importing region, has been uniquely affected by the collapse of oil prices over the last two years. Low prices have been a mixed blessing for the region, carrying significant risk for the future. For example, low prices have stimulated oil demand but not economic growth, with the notable exception of India. The price decline has also slashed investment in future oil-production capacity and increased Asia’s dependence on exports from the Middle East at a time of rising political risk in that region.
In a special report on Asia’s energy security amid global market change, published by the National Bureau of Asian Research, CGEP program director Antoine Halff examines the short and longer term impacts of low oil prices on Asian countries and the risks to energy security. Key policy implications from the article include:
This paper examines the impact of EU energy policies, namely the National Energy and Climate Plans (NECP19) and REPowerEU (2022), on the European natural gas security of supply.
Mexico's heavy reliance on US natural gas, which accounts for nearly 70 percent of its demand, poses significant challenges to its energy security.
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External Publications by Antoine Halff • December 19, 2016