{"id":45638,"date":"2026-04-24T14:53:20","date_gmt":"2026-04-24T14:53:20","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/45638\/"},"modified":"2026-04-24T14:53:20","modified_gmt":"2026-04-24T14:53:20","slug":"bny%e3%81%ae%e3%83%9c%e3%83%96%e3%83%bb%e3%82%b5%e3%83%99%e3%83%bc%e3%82%b8%e6%b0%8f%ef%bc%9a%e3%82%a4%e3%83%a9%e3%83%b3%e6%83%85%e5%8b%a2%e3%81%a7%e3%83%96%e3%83%ac%e3%83%b3%e3%83%88%e5%8e%9f","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/45638\/","title":{"rendered":"BNY\u306e\u30dc\u30d6\u30fb\u30b5\u30d9\u30fc\u30b8\u6c0f\uff1a\u30a4\u30e9\u30f3\u60c5\u52e2\u3067\u30d6\u30ec\u30f3\u30c8\u539f\u6cb9\u304c\u4e0a\u6607\u3001IEA\u306f\u4e16\u754c\u306e\u30ac\u30b9\u5e02\u5834\u306e\u903c\u8feb\u304c\u4eca\u5f8c2\u5e74\u7d9a\u304f\u3068\u4e88\u6e2c"},"content":{"rendered":"

\u539f\u6cb9\u4fa1\u683c\u306f\u4e0a\u6607\u3057\u3066\u304a\u308a\u3001\u30a4\u30e9\u30f3\u6226\u4e89\u304c\u30a8\u30cd\u30eb\u30ae\u30fc\u4f9b\u7d66\u3092\u6df7\u4e71\u3055\u305b\u308b\u4e2d\u3001\u5317\u6d77\u30d6\u30ec\u30f3\u30c8\u539f\u6cb9\uff08Brent\uff09\u304c\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002\u77f3\u6cb9\u30fb\u30ac\u30b9\u5e02\u5834\u306f\u3001\u3088\u308a\u5e83\u3044\u5e02\u5834\u74b0\u5883\u3092\u6e2c\u308b\u6307\u6a19\uff08\u4ee3\u8868\u7684\u306a\u5e02\u5834\u306e\u6e29\u5ea6\u8a08\uff09\u3068\u3057\u3066\u5229\u7528\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n

\u56fd\u969b\u30a8\u30cd\u30eb\u30ae\u30fc\u6a5f\u95a2\uff08IEA\uff09\u306f\u3001\u4e16\u754c\u306e\u5929\u7136\u30ac\u30b9\u5e02\u5834\u306f\u5c11\u306a\u304f\u3068\u3082\u4eca\u5f8c2\u5e74\u9593\u3001\u9700\u7d66\u304c\u903c\u8feb\uff08\u4f9b\u7d66\u304c\u9700\u8981\u306b\u8ffd\u3044\u3064\u304b\u306a\u3044\u72b6\u614b\uff09\u3057\u305f\u307e\u307e\u63a8\u79fb\u3059\u308b\u898b\u901a\u3057\u3060\u3068\u3057\u3066\u3044\u308b\u3002\u6226\u4e89\u306b\u3088\u308a\u3001\u671f\u5f85\u3055\u308c\u3066\u3044\u305fLNG\uff08\u6db2\u5316\u5929\u7136\u30ac\u30b9\uff1a\u5929\u7136\u30ac\u30b9\u3092\u51b7\u5374\u3057\u3066\u6db2\u4f53\u306b\u3057\u3001\u904b\u3073\u3084\u3059\u304f\u3057\u305f\u3082\u306e\uff09\u306e\u5897\u7523\u8a08\u753b\u3082\u9045\u308c\u3066\u3044\u308b\u3002<\/p>\n

Supply Disruptions And Market Impact<\/h3>\n

\u4eca\u56de\u306e\u7d1b\u4e89\u306b\u3088\u308a\u3001\u4e16\u754c\u306e\u539f\u6cb9\u3068LNG\u4f9b\u7d66\u306e\u7d045\u5206\u306e1\u304c\u5931\u308f\u308c\u305f\u3002\u30ab\u30bf\u30fc\u30eb\u306e\u65bd\u8a2d\u88ab\u5bb3\u3067\u6db2\u5316\uff08\u5929\u7136\u30ac\u30b9\u3092LNG\u306b\u3059\u308b\u5de5\u7a0b\uff09\u80fd\u529b\u304c\u4f4e\u4e0b\u3057\u3001\u5fa9\u65e7\u306b\u306f\u5e74\u5358\u4f4d\u3092\u8981\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u305f\u3081\u3001\u7c73\u56fd\u4e3b\u5c0e\u3067\u898b\u8fbc\u307e\u308c\u3066\u3044\u305f\u65b0\u898f\u4f9b\u7d66\u306e\u5897\u52a0\u3082\u5148\u9001\u308a\u3068\u306a\u308b\u3002<\/p>\n

IEA\u306f\u30012026\u5e74\u304b\u30892030\u5e74\u306b\u304b\u3051\u3066\u7d2f\u8a08\u3067\u7d041,200\u5104\u7acb\u65b9\u30e1\u30fc\u30c8\u30eb\u306e\u4f9b\u7d66\u4e0d\u8db3\u3092\u898b\u8fbc\u3080\u3002\u3053\u308c\u306f\u3001\u305d\u306e\u671f\u9593\u3082\u903c\u8feb\u304c\u7d9a\u304f\u53ef\u80fd\u6027\u3092\u793a\u3059\u3002<\/p>\n

\u4e3b\u8981\u306a\u8f38\u5165\u5730\u57df\u3067\u306f\u30ac\u30b9\u9700\u8981\u304c\u5f31\u542b\u3093\u3067\u304a\u308a\u3001\u7279\u306b\u30a2\u30b8\u30a2\u3067\u76ee\u7acb\u3064\u3002\u4fa1\u683c\u4e0a\u6607\u3068\u653f\u7b56\u5bfe\u5fdc\u306b\u3088\u308a\u3001\u71c3\u6599\u8ee2\u63db\uff08\u9ad8\u3044\u71c3\u6599\u304b\u3089\u5225\u306e\u71c3\u6599\u3078\u5207\u308a\u66ff\u3048\u308b\u3053\u3068\uff09\u3084\u6d88\u8cbb\u6e1b\u304c\u9032\u3093\u3067\u3044\u308b\u3002<\/p>\n

\u5e02\u5834\u306e\u6700\u5927\u306e\u7126\u70b9\u306f\u5f15\u304d\u7d9a\u304d\u539f\u6cb9\u3067\u3001\u7d1b\u4e89\u9577\u671f\u5316\u304c\u4fa1\u683c\u3092\u9ad8\u6b62\u307e\u308a\u3055\u305b\u3066\u3044\u308b\u3002\u30d6\u30ec\u30f3\u30c8\u539f\u6cb9\u306f1\u30d0\u30ec\u30eb\uff1d115\u30c9\u30eb\u8d85\u3067\u5e95\u5805\u304f\u63a8\u79fb\u3057\u30012022\u5e74\u306e\u6df7\u4e71\u5c40\u9762\u4ee5\u6765\u306e\u6c34\u6e96\u304c\u7d9a\u3044\u3066\u3044\u308b\u3002\u4e0a\u6607\u4f59\u5730\u3092\u53d6\u308a\u8fbc\u307f\u3064\u3064\u30ea\u30b9\u30af\u3092\u9650\u5b9a\u3059\u308b\u624b\u6bb5\u3068\u3057\u3066\u3001\u9577\u671f\u306e\u30b3\u30fc\u30eb\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\uff08\u5c06\u6765\u3001\u3042\u3089\u304b\u3058\u3081\u6c7a\u3081\u305f\u4fa1\u683c\u3067\u8cb7\u3046\u6a29\u5229\uff09\u306e\u8cb7\u3044\u306b\u5999\u5473\u304c\u3042\u308b\u3002<\/p>\n

2022\u5e74\u306e\u30a6\u30af\u30e9\u30a4\u30ca\u4fb5\u653b\u5f8c\u306e\u72b6\u6cc1\u306b\u4f3c\u3066\u3044\u308b\u30022025\u5e74\u5f53\u6642\u306f\u5730\u653f\u5b66\u30ea\u30b9\u30af\u30fb\u30d7\u30ec\u30df\u30a2\u30e0\uff08\u7d1b\u4e89\u306a\u3069\u306e\u4e0d\u78ba\u5b9f\u6027\u3092\u7e54\u308a\u8fbc\u3093\u3060\u4e0a\u4e57\u305b\u5206\uff09\u306f\u8584\u308c\u308b\u3068\u306e\u898b\u65b9\u3082\u591a\u304b\u3063\u305f\u304c\u3001\u30a4\u30e9\u30f3\u7d1b\u4e89\u3067\u4f9b\u7d66\u5074\u306e\u30b7\u30e7\u30c3\u30af\u304c\u518d\u3073\u4e3b\u56e0\u3067\u3042\u308b\u3053\u3068\u304c\u793a\u3055\u308c\u305f\u3002\u4eca\u5f8c\u6570\u30ab\u6708\u306f\u6025\u6fc0\u3067\u4e88\u6e2c\u3057\u306b\u304f\u3044\u5024\u52d5\u304d\u304c\u7d9a\u304d\u3084\u3059\u3044\u3002<\/p>\n

Options Volatility And Trading Positioning<\/h3>\n

\u5929\u7136\u30ac\u30b9\u306f\u3001\u30ab\u30bf\u30fc\u30eb\u306eLNG\u65bd\u8a2d\u88ab\u5bb3\u3092\u8e0f\u307e\u3048\u308b\u3068\u3055\u3089\u306b\u6df1\u523b\u3060\u3002\u6b27\u5ddeTTF\uff08\u6b27\u5dde\u306e\u4e3b\u8981\u306a\u30ac\u30b9\u53d6\u5f15\u6307\u6a19\u4fa1\u683c\uff09\u304c35\u30c9\u30eb\/MMBtu\u8d85\u3067\u63a8\u79fb\u3059\u308b\u4e00\u65b9\u3001\u7c73\u56fd\u30d8\u30f3\u30ea\u30fc\u30cf\u30d6\uff08\u7c73\u56fd\u306e\u4e3b\u8981\u306a\u30ac\u30b9\u6307\u6a19\u4fa1\u683c\uff09\u3068\u306e\u5dee\u304c\u6975\u3081\u3066\u5927\u304d\u304f\u3001\u7d1b\u4e89\u5f71\u97ff\u306e\u306a\u3044\u4f9b\u7d66\u306e\u78ba\u4fdd\u7af6\u4e89\u3092\u53cd\u6620\u3057\u3066\u3044\u308b\u3002\u65b0\u8a2d\u306e\u7c73\u56fd\u8f38\u51fa\u30bf\u30fc\u30df\u30ca\u30eb\uff08LNG\u3092\u6d77\u5916\u3078\u51fa\u3059\u8a2d\u5099\uff09\u306b\u3088\u308b\u7de9\u548c\u306f\u3055\u3089\u306b\u5148\u9001\u308a\u3055\u308c\u3001\u5c11\u306a\u304f\u3068\u30822028\u5e74\u307e\u3067\u5e02\u5834\u306e\u5f15\u304d\u7de0\u307e\u308a\u304c\u7d9a\u304f\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n

\u30a8\u30cd\u30eb\u30ae\u30fc\u5e02\u5834\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff08\u4fa1\u683c\u5909\u52d5\u306e\u5927\u304d\u3055\uff09\u304c\u9ad8\u6b62\u307e\u308a\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u306e\u5358\u7d14\u306a\u8cb7\u3044\u306f\u30b3\u30b9\u30c8\u304c\u9ad8\u3044\u3002\u3053\u308c\u3092\u6d3b\u7528\u3059\u308b\u6226\u7565\u3068\u3057\u3066\u3001\u5927\u304d\u306a\u4e0b\u843d\u5c40\u9762\u3067\u73fe\u91d1\u62c5\u4fdd\u4ed8\u304d\u30d7\u30c3\u30c8\u58f2\u308a\uff08Cash-secured puts\uff1a\u6a29\u5229\u884c\u4f7f\u306b\u5099\u3048\u3066\u73fe\u91d1\u3092\u78ba\u4fdd\u3057\u305f\u3046\u3048\u3067\u58f2\u308b\u3001\u8cb7\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u7372\u5f97\u3092\u72d9\u3046\u624b\u6cd5\uff09\u3084\u3001\u30d0\u30fc\u30c6\u30a3\u30ab\u30eb\u30fb\u30b9\u30d7\u30ec\u30c3\u30c9\uff08\u540c\u4e00\u6e80\u671f\u3067\u7570\u306a\u308b\u6a29\u5229\u884c\u4f7f\u4fa1\u683c\u306e\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u7d44\u307f\u5408\u308f\u305b\u3001\u30b3\u30b9\u30c8\u3092\u6291\u3048\u308b\u7d44\u307f\u5408\u308f\u305b\uff09\u306b\u3088\u308a\u5f37\u6c17\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u53d6\u5f97\u30b3\u30b9\u30c8\u3092\u4e0b\u3052\u308b\u65b9\u6cd5\u304c\u8003\u3048\u3089\u308c\u308b\u3002\u671f\u8fd1\uff08\u30d5\u30ed\u30f3\u30c8\u6708\uff1a\u6700\u3082\u8fd1\u3044\u6e80\u671f\uff09\u306e\u30a4\u30f3\u30d7\u30e9\u30a4\u30c9\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff08\u5e02\u5834\u304c\u7e54\u308a\u8fbc\u3080\u5c06\u6765\u306e\u5909\u52d5\u7387\u306e\u898b\u8fbc\u307f\uff09\u306f\u4e00\u8cab\u3057\u306640\uff05\u8d85\u3067\u63a8\u79fb\u3057\u3066\u304a\u308a\u3001\u30d7\u30ec\u30df\u30a2\u30e0\uff08\u30aa\u30d7\u30b7\u30e7\u30f3\u4fa1\u683c\uff09\u306e\u7372\u5f97\u6a5f\u4f1a\u304c\u3042\u308b\u3002<\/p>\n

\u9700\u8981\u9762\u3082\u8981\u6ce8\u610f\u3067\u3001\u9ad8\u5024\u304c\u30a2\u30b8\u30a2\u306e\u6d88\u8cbb\u306b\u5f71\u97ff\u3057\u59cb\u3081\u3066\u3044\u308b\u3002\u4e3b\u8981\u65b0\u8208\u56fd\u306e\u76f4\u8fd1\u306e\u8cfc\u8cb7\u62c5\u5f53\u8005\u666f\u6c17\u6307\u6570\uff08PMI\uff1a\u88fd\u9020\u696d\u306e\u666f\u6cc1\u611f\u3092\u793a\u3057\u3001\u9700\u8981\u306e\u5148\u884c\u6307\u6a19\u3068\u3055\u308c\u308b\uff09\u3067\u306f\u88fd\u9020\u696d\u304c\u3084\u3084\u8edf\u5316\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u4fa1\u683c\u306e\u4e0a\u5024\u3092\u6291\u3048\u308b\u8981\u56e0\u3068\u306a\u308a\u5f97\u308b\u305f\u3081\u3001\u5148\u7269\u306e\u5358\u7d14\u306a\u8cb7\u3044\u6301\u3061\uff08\u30ed\u30f3\u30b0\uff09\u3060\u3051\u3067\u306f\u30ea\u30b9\u30af\u304c\u9ad8\u304f\u3001\u640d\u5207\u308a\u6c34\u6e96\uff08\u30b9\u30c8\u30c3\u30d7\u30ed\u30b9\uff1a\u4e00\u5b9a\u306e\u640d\u5931\u3067\u81ea\u52d5\u7684\u306b\u624b\u4ed5\u821e\u3046\u57fa\u6e96\uff09\u304c\u6b20\u304b\u305b\u306a\u3044\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u885d\u6483\u518d\u6765\uff1a\u30a4\u30e9\u30f3\u7d1b\u4e89\u3067\u539f\u6cb9\u30fbLNG\u4f9b\u7d66\u306e\u7d042\u5272\u304c\u9014\u7d76\u3001\u30d6\u30ec\u30f3\u30c8\u306f115\u30c9\u30eb\u8d85\u3067\u9ad8\u6b62\u307e\u308a\u3002IEA\u306f\u30ac\u30b9\u903c\u8feb\u304c2028\u5e74\u9803\u307e\u3067\u7d99\u7d9a\u3068\u8b66\u544a\u3002\u9ad8\u30dc\u30e9\u74b0\u5883\u3067\uc635\uc158\u6226\u7565\u304c\u9375\u3002<\/p>\n","protected":false},"author":116,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-45638","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/45638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/users\/116"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/comments?post=45638"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/45638\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=45638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=45638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=45638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}