In previous publications I have explained that natural gas prices have increased worldwide for various reasons, in the Asian continent there is a winter wave that is hitting a part of the continent, this hostile climate could be controlled with heating derived from natural gas, however this condition has raised the demand for natural gas and based on the low production has caused prices have risen considerably.
What options are there for the Asian continent?
As many know, renewable energies are very expensive and limited, besides not having a high generation potential, due to their flexibility to burn oil and oil derivatives, there is the option to opt for oil as a fuel source.
The outlook is for a rise in oil prices, as demand in Asia and the United States of America is increasing considerably, however I believe that oil markets worldwide are not prepared to meet such a sudden demand as this, which could raise oil prices higher than expected.
After the weather returns to normal conditions, I do not know if prices will suddenly fall again, or if they may remain normal as more people are vaccinated and the covid-19 pandemic is no longer a threat worldwide.
While it is true that oil prices have been subject to price fluctuations due to prohibition measures, which in short seek to minimize the effects caused by the production and exploitation of this resource on the environment and global warming of our planet, it is also true that oil prices have been subject to price fluctuations due to prohibition measures, which in short seek to minimize the effects caused by the production and exploitation of this resource on the environment and global warming of our planet.
With this climate out of control, where there are areas of the planet that were not prepared to cope with such an inclement winter, we do not know if suddenly the demand for oil will continue to increase due to other countries increasing their demand capacity, it is also important to see how the world oil markets are preparing themselves, such as OPEC and other producing countries that are of great relevance to understand the entire world energy scenario in the short and medium term.