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Argus Media - The China Connection: The Belt and Road Initiative

The China Connection: The Belt and Road Initiative

10/29/19 • 13 min

Argus Media

A deeper look into China's Belt and Road Initiative (BRI) and how Xi Jinping is positioning it globally, regionally and domestically.

The BRI is often seen as a global power move, and while this is the case, it’s not the whole story. In this China Connection podcast episode, Argus Chief Economist David Fyfe and Argus Vice President, China Crude and Products Tom Reed discuss what even smaller countries are finding to be the pros and cons of the BRI.

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A deeper look into China's Belt and Road Initiative (BRI) and how Xi Jinping is positioning it globally, regionally and domestically.

The BRI is often seen as a global power move, and while this is the case, it’s not the whole story. In this China Connection podcast episode, Argus Chief Economist David Fyfe and Argus Vice President, China Crude and Products Tom Reed discuss what even smaller countries are finding to be the pros and cons of the BRI.

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Higher freight rates are exacerbating the price impact of September’s attack on Saudi Arabia’s oil infrastructure and the ensuing disruptions. While the kingdom has managed to stage an impressive recovery in output, ensuring all its customers remain adequately supplied, crude grades flowing from almost every region to Asia-Pacific are still posting record or multi-year high prices relative to their benchmarks. The deteriorating economics for long-haul crude shipments is helping embed tightness across Asian physical crude markets.

Presented by Alejandro Barbajosa, Argus Media Vice-President, Crude, Middle East and Asia-Pacific.

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