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Letter from London: Oil’s golden triangle
The interplay between OPEC+, China and the US will define oil markets throughout 2026
The curious case of oil-on-water
The market is facing being drowned in excess crude, but one caveat is that a large chunk is due to buyers reluctant to snap up sanctioned barrels
Turkmenistan's pipe dream
Construction of the pipeline in Afghanistan is making tangible progress, but extending it into Pakistan and India remains unrealistic for political reasons
China’s oil plan comes together
The country’s rapid output growth is an example that other producers could learn from
China seizes oil security opportunity
A combination of geopolitical uncertainty and OPEC+ barrels has driven a renewed focus on building strategic oil stocks despite flagging demand
Arctic LNG comes in from the cold
Beijing now appears prepared to accept discounted Russian LNG, even at the cost of heightened sanctions risk
India’s LNG falling short
More needs to be done to meet the government’s ambitious targets for gas
China’s role as oil buffer stock manager
The country’s intervention in global oil markets to stabilise prices could last well into 2026
India’s retreat from Russian oil could cause global trade flow shockwaves
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher
India’s Nayara fallout
The EU’s Russia sanctions could have far-reaching implications for India’s Vadinar-based refinery
Sri Lanka China India Japan
Selwyn Parker
3 January 2018
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Hitting China's great wall

Sri Lanka has presented some unlikely roadblocks to China's Silk Road project

The city of Hambantota in Sri Lanka could present an unlikely obstacle in the way of the otherwise relentless progress of China's giant Belt and Road project—part of the country's modern Silk Road initiative. This already encompasses many energy-based and other infrastructure projects in the Asia-Pacific region. In a direct affront to Beijing's long-term strategy, India has assumed the operation of a Chinese-built airport near the town that was intended to be part of a Belt and Road complex linked with an adjacent seaport. This is also Chinese-built and near one of the world's busiest shipping lanes. Just as surprisingly, in October the Sri Lankan government rejected China's offer to build a

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