Asia unlikely to see relief from oil prices for a while: Former White House energy adviser

CNA8 hours ago2:31

Global oil markets are still struggling to diversify from Middle Eastern energy supplies, according to former White House energy adviser Amos Hochstein. He said supply is not the problem in the market right now. Instead, the key issue is the cost of transportation, which used to cost US$100,000 a day but now costs US$1.4 million. CNA's Roland Lim was speaking with him from the ADIPEC energy summit in Abu Dhabi.

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