OIL & YOUR COUNTRY / Hong Kong

OIL & HONG KONG

Hong Kong is a net importer of 278.4 kb/d of petroleum liquids (2024: consumes 278.5, produces 0.1 kb/d — derived from EIA international statistics). Brent rose $9.36 over the past month, to $112.44 (2026-10-22).

PAST MONTH'S MOVE × NET POSITION 278.4 kb/d x 1,000 x +$9.36 = +$2.6M/day

ANNUALIZED IF THE MOVE HOLDS +$951.1M/yr

YESTERDAY'S SESSION ALONE 278.4 kb/d x 1,000 x +$3.62 = +$1.0M/day

A rise costs it; a fall pays it. Sign follows the move.

First-order border-price exposure: the country's net oil position re-priced at the Brent move, nothing else. It is not a realized import bill or fiscal forecast — it excludes term-contract lags, benchmark differentials (Dubai/Oman, WTI), hedging, product mix, and subsidies. An exact answer to one defined question.

All countries · who pays, who earns The live desk: what's moving oil right now Your desk: what these commodities cost your business, live

Want this the moment it changes? The wire is free. Subscribe.