Chindia Oil Market

This writer has similar view to BHP. The China and India oil markets seem to support the assumptions underlying BHP's view.

Abstracted From Kent Moors Newsletter 14 Mar 2016 "......general consensus that renewables are on the rise, and the role of oil and coal will be diminishing...But that doesn't mean that the game is up for oil. After all, oil is up 7.78% this week, the third weekly gain in a row, and up 47.42% since the middle of February.....this week, China released numbers showing that the country's crude oil imports in February were 20% higher than over the same period last year. At 8 million barrels a day of crude oil imports, that puts China's February imports at its highest levels ever. Analysts are now expecting China's full-year 2016 imports to be 14% higher than last year's.....China and India are selling cars at a staggering pace - about 3 million each month. It takes a lot of oil to run that many cars...So expect more record oil imports from the region, as demand keeps growing."

My comment: The higher the oil price goes, the greater the recovery of the export gas price ex-Gladstone. The higher that export gas price goes the greater will be the demand in Australia for the wholesale supply of gas.

Seems to be a help to CTP's strategy.

GLTAH