Stirred but not shaken, Singapore’s oil hub status could see opportunities from US tariff poser
The city-state may be able to leverage its robust infrastructure and strategic location to help companies adjust
Add BT as a preferred source
WITH US tariffs shaking up global trade, Singapore could profit by leveraging its position as Asia’s oil trading hub, turning price fluctuations into opportunities and helping companies navigate the turbulence, while securing supply advantages and optimising strategies, say market experts.
“In this evolving landscape, arbitrage opportunities (the practice of taking advantage of a difference in prices in two or more markets) could expand as refiners and traders seek to capitalise on shifting price differentials,” Sam Chua, a principal for Asia-Pacific (Apac) consulting at Rystad Energy, told The Business Times.
He added: “As a regional trading hub, Singapore players could see opportunities to capitalise on these market volatilities to arbitrage, optimise trading strategies, and secure competitive supply advantages amid shifting crude price dynamics.”
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Paragon deal: Why investors should get ready for more Reit mergers and take-private offers
LTA apologises for e-mail gaffe in circular sent to EV charger owners
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
