Why Asia should look for new renewable energy partners after US pull-out

The price of Brent crude oil recently plunged to a five-month low before inching up as the world’s most influential oil cartel, Opec, increased output from April in response to pressure from US President Donald Trump to bring down prices.

While shortages in global natural gas supplies may persist this year according to Ask ICIS, a generative AI commodities assistant, supply and demand are expected to even out by next year and tip into oversupply by 2027.

This bearish outlook could lure Asian nations to import more carbon-emitting fuels rather than step up their clean-energy programmes.