The escalation in North Korea’s testing of missiles and nuclear weapons could lead to increased volatility in the oil and gas market as the chances of a miscalculation and ensuing conflict increase.
Japan, China and South Korea are among the world’s largest energy importers, accounting for 34% of the seaborne oil trade and 55% of the trade in LNG. If conflict broke out and trade to these countries were disrupted, it could lead to excess supply in the market, according to Chris Graham, product suite director...
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