Taiwan is so far the only Asian country to have committed investments and backing to the Alaska LNG project despite the state of Alaska and the Trump Administration’s weeks-long courting of investors from north Asia, such as Japan and South Korea. Oil took a one-two punch from the recession fears fueled by the U.S. tariffs and the OPEC+ decision to add in May triple the expected oil supply volumes. The U.S. benchmark, WTI Crude, dipped to $66 a barrel—dangerously close to the average $65 per barrel price U.S. producers need to profitably drill a new well, as they indicated in the Dallas Fed Energy Survey for the first quarter.
Author: Tsvetana Paraskova
Published at: 2025-04-05 23:00:00
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