Researcher • Energy Transition, Climate, Welfare, Green Development, Anti-corruption. Also tweeting personal interests. Views my own and occasionally cleaned up
ChartOfTheDay #3 by Meridian.
Compared with the last 3 major global events, the ongoing $IHSG decline is nearing historic extremes.
What's remarkable is that this is happening without any global crisis.
Indonesia is resilient against external shocks. Internal issues are where things get complicated.
Good catch by Goldman - retail sales of petroleum products were down 6% in nominal terms in China in April, while prices were up ~25% yoy for gasoline and 15% for diesel. Some of this is deferred purchases, but must be PHEVs charging more and lots of people driving less.
First cruise ship transits Strait of Hormuz since conflict began
The cruise ship Celestyal Discovery has become the first passenger vessel to transit the Strait of Hormuz since the start of the conflict. The Malta-flagged vessel departed Dubai on 17 April after remaining docked for approximately 47 days, having first arrived in early March. According to #MarineTraffic data, the ship crossed the Strait of Hormuz at UTC today and is currently heading toward Muscat, Oman, with an estimated arrival on 18 April. Reports indicate the vessel is sailing without passengers.
Sovereign ratings in Southeast Asia are expected to come under strain, with Indonesia's particularly at risk.
Higher energy prices will increase Indonesia's subsidies and widen the current account deficit.
by @clairejiao | @business
https://t.co/94GiQDemam
🛢️Hormuz blockade exposes risks of #fossilfuel dependency in 🇰🇷🇯🇵
📈 Conflict-driven disruptions in the Strait of Hormuz, a key chokepoint in the global oil and gas trade, are making waves across #EastAsia, exposing the structural vulnerabilities of a fossil fuel-based energy system highly exposed to geopolitical supply shocks.
For #SouthKorea & #Japan, where ~70% and ~90% of crude oil imports pass through the Strait of Hormuz, skyrocketing #oil and #gas prices are directly impacting both refiners and downstream players like the #petrochemical industry as freight rates surge, vessels are stranded, and industrial disruptions ripple across the economy.
SFOC's latest issue brief argues geopolitical shocks like this one reveal the dangers of a self-reinforcing cycle of investment-driven fossil fuel dependency.
🔎 Read the issue brief here: https://t.co/Hc3m2HUX99
🔎 Read the press release here: https://t.co/QrT9pg6T4V
#FossilFuelPhaseOut #StraitofHormuz #SFOC
NEW: Last month, Indonesian authorities arrested 11 people on suspicion of bribery and disguising palm oil as a less strictly regulated byproduct.
SourceMaterial can reveal that exporters targeted in this probe supplied major international companies.
https://t.co/hizXoPqqoe
Meanwhile, Spain's massive investment in renewables is paying dividends now: with prices for Spanish industry and consumers low and stable compared with other European economies.
https://t.co/IFaZXoVFgL
@planet New, high-res satellite imagery (right) of the Shajarah Tayyebeh school in the town in Minab, via @planet. The strike killed at least 175 people, according to local health officials and Iranian state media. Before/after. https://t.co/DekM6l3Svn
European gas prices surge more than 50% after Qatar shuts LNG production
The world's biggest LNG export plant was hit by an Iranian drone attack. China is the biggest customer of that supply
Moody’s Ratings downgraded its outlook for Indonesia to negative from stable, citing concerns over policy stability under President Prabowo Subianto https://t.co/7D1mBls8fF