oil

NEWS ANALYSIS

With Trump’s mixed messaging on Iran war end, calm in oil markets may be fleeting

More than three-fourths of the crude oil exports from the Middle East to China, Japan, South Korea and Taiwan pass through the Strait of Hormuz

China has about 1.4 billion barrels of crude in strategic storage, according to estimates from Columbia University’s Center on Global Energy Policy.

Can tapping oil reserves tame the Iran war price shock?

China has in recent years built up what appears to be an even larger reserve capacity

Oil prices have shot up and down in the wake of the US-Israeli strikes on Iran and subsequent developments.
MIND THE GAP

How scary is geopolitical risk? Oil price is key

Developments in the Gulf conflict are testing investors’ penchant to buy the dip

For a country like Singapore, higher oil and gas prices could provide greater impetus to diversify the fuel and energy mix.
HOCK LOCK SIEW

Sembcorp, Keppel could face challenges in wake of Iran attack

Heightened short-term uncertainties could be a time to stick with higher-confidence long-term structural trends

US consumers are seeing petrol prices rise US$0.05 to US$0.10 per gallon daily, and those increases ripple far beyond the forecourt.
THE BOTTOM LINE

Price of war: How the conflict with Iran is hitting the US economy

A longer-lasting escalation would shrink America’s forecasted expansion by more than half

Petrol prices in the United States have climbed 17%, and now average about US$3.50 per gallon, the highest level since 2024.

Short of ending Iran conflict, Trump has limited tools to lower oil prices

Possible options include waiving federal taxes or restricting US fuel exports, analysts say

On Monday, the price of Brent crude had briefly surged to US$119.50 per barrel, and US-produced West Texas Intermediate also briefly soared to US$119.48 per barrel.

Singapore, Asia stocks rebound after oil prices fall, reversing on Trump comments on Iran war

The STI closes 2.2% higher while the FTSE Bursa Malaysia KLCI advances 1.6%

US President Donald Trump said oil prices have not spiked as much as he had feared.

Trump says US is waiving certain oil-related sanctions to ensure supply

A prolonged spike in oil and petrol costs could cost Trump and Republicans at the midterm elections

The company has been rerouting some of its crude cargoes to the Red Sea port of Yanbu.

Saudi Aramco reducing output at two oilfields: sources

The specific fields affected and the extent of curtailed production are not immediately clear

Nomura analysts warn that the region faces stagflationary shock, the severity of which would depend on the duration of the disruption.

Oil shocks triggered by Middle East war ripple through South-east Asia

Oil-fuelled inflation is showing up in higher transport and food costs, electricity prices, fuel prices and bigger fuel subsidy bills for governments