As the saying goes, one man’s poison is another man’s meat. While the energy crisis in China threatens to derail the country’s economic growth, it has inadvertently led to an increased in demand for oil. As a matter of fact, crude oil price is currently trading at a 3-year high of US$81.33 per barrel. Against this backdrop, what is the implication for SGX stocks? For SGX stocks in the oil and gas sector, the current oil price boom is like a cup of hot chocolate amid the fierce winter. The last time that oil price was so buoyant was in October 2014. That was seven years ago. Since then, the emergence of US shale oil and supply glut from Organization of Petroleum Producing Countries (OPEC) caused oil price to plunge by a devastating 70%. The lowest point for crude oil price had to be April 2020. That was the peak of the pandemic which...