Oil prices rose for the third consecutive day due to falling US fuel inventories and concerns over Russian supply disruptions. While US crude stockpiles increased, gasoline and distillate supplies declined, supporting price gains. Geopolitical tensions, including Russian attacks on Ukrainian gas infrastructure and disruptions in Kazakh oil exports, further fueled supply concerns. However, economic uncertainties, including potential trade tariffs and weakening global demand, could limit future price increases.
Former President Trump pushed Japan to invest in the Alaskan LNG project to enhance US-Asia energy cooperation. The move aimed to strengthen economic ties, reduce reliance on Middle Eastern and Russian energy, and secure long-term LNG exports.
China has imposed tariffs on U.S. coal, oil, and LNG exports, significantly impacting coal trade as China seeks alternative suppliers like Mongolia and Australia. In response, U.S. coal exporters are shifting their focus to India, reshaping global energy trade dynamics.
Japex is shifting its focus to oil and gas exploration through 2030, moving away from aggressive renewable investments due to lower returns and rising costs. The company plans to increase its E&P investments, particularly in the U.S. and Norway, while maintaining a disciplined approach to financial stability and risk management.
Over 70 exploration blocks have been selected to boost the country’s oil and gas sector, attracting global investment and creating new opportunities for economic growth. The government aims to balance resource extraction with environmental protection, ensuring long-term benefits and energy security.
EAPCE’25 provides a platform for governments and investors to engage in critical discussions about the region’s energy future