Tom Holland

Tom Holland

Deputy Global Research Director

Tom helps to steer Gavekal’s global research, with a special focus on energy markets. Before joining Gavekal in 2014 he worked as an analyst and commentator at media organizations including CNBC, The Wall Street Journal and the Far Eastern Economic Review, earning his spurs as the lead foreign exchange analyst for Dow Jones during the 1997-98 Asian currency crisis. He originally started his working life as an exploration geologist, until a collapse in commodity prices forced him into journalism as the traditional refuge of the otherwise unemployable.

Tom Holland's Articles

Selected research

What We Don’t Talk About When We Talk About Ukraine
It's hard to shake the impression that there is a hidden subtext to the talks about Ukraine between the US, Russia and Saudi Arabia, the world's three biggest oil producers. Are they willing and able to strike a tripartite deal on energy? And if so, what would it mean for prices? To find the answer, Tom examines each government's principal objectives.
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The Difference LNG Exports Will Make
17 Feb 2025
Several countries running big trade surpluses with the US are reportedly looking to buy more US liquefied natural gas in an attempt to ward off potential US tariffs. Tom examines whether the US will have the capacity to meet all their demand, how will this affect the structure of global energy markets, and what it will do to prices.
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Geoeconomic Monitor: Not So Fast On Ukraine
Geoeconomic Monitor: Not So Fast On Ukraine
Arthur Kroeber, Tom Miller, Yanmei Xie, Tom Holland
14 Feb 2025
Donald Trump has moved to end the war in Ukraine through an opening gambit that seems to throw Ukraine under the bus. Arthur is not convinced this is the case. What's clear is that the US is prioritizing the Indo-Pacific. Tom Miller and Yanmei explore how the Quad will hold up in a US-led trade war. Lastly, Tom Holland asks if the US has the capacity to export all the liquefied natural gas that its trading partners want to buy.
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