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How The Coup In Myanmar Will Impact Energy Markets By Viktor Katona - Feb 04, 2021, 10:00 AM CST
Myanmar’s military coup has become Asia’s most significant political development in 2021 so far. In many ways, the coup brought back memories of times long gone – Aung San Suu Kyi, who has marked another landslide victory in the November 2020 general election, was swiftly detained by the military allegedly for the possession of illegally imported walkie-talkies. The Aung San-allied President Win Myint was ousted under the pretext of him breaching the country’s coronavirus laws during the pre-election campaign meetings. Briefly put, Myanmar’s brief self-democratizing drive was defeated after a little more than 5 years of non-military rule. Although one would rarely see Myanmar on the list of major oil and gas producers, the Southeast Asian plays an instrumental role for China’s energy security.
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European markets finished mixed as of the most recent closing prices. The DAX gained 0.91%, while London s FTSE 100 was off 0.06%. Shares in France were unchanged with the CAC 40 at 5,563.05.
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The COVID-19 Pandemic Has Upended Global Energy Investment Trends The pandemic has not broken but intensified global energy trends that emerged on the eve of COVID-19, whether it be the collapse of coal-fired power generation, the growing surplus of oil production, or the booming interest in renewables The further 2020 goes into history, the clearer the extent of last year s collapse in fossil fuel demand becomes. According to the Energy Information Administration (EIA), in 2020, global crude oil demand decr