Oil gains as Iran war escalates with Houthi attacks on Israel

OIL advanced as Iran-backed Houthi militants in Yemen entered the Middle East war and more US troops arrived in the region, raising fears the widening conflict will cause further chaos for energy mark...

Analysts at Macquarie Group say oil prices will fall quickly if the war begins to wind down soon but still remain above pre-conflict levels.

Oil prices gain as traders doubt prospects of ceasefire in Iran war

Brent crude futures up US$4.56 or 4.2% at US$112.57 a barrel

At one point, the price of 95-octane petrol had risen by nearly 20 per cent from pre-war levels, translating to significantly higher costs for motorists filling up their tanks.

Singapore petrol prices dip after weeks of increases fuelled by Iran war

[SINGAPORE] After climbing steadily for three weeks, petrol prices in Singapore have begun to ease, with pump rates dipping over the past two days as oil markets reacted to shifting signals from the M...

Brent futures are up nearly 50 per cent, while WTI is up 41 per cent since the war in Iran began.

Oil settles up nearly 6% as investors fear further Middle East escalation

Trading volume for the front-month Brent contract was the lowest since Feb 27

The offshore drilling giant lifted oil and gas output to a record 777.3 million barrels last year, driven by new projects at home and overseas.

Cnooc’s profit drops as low oil prices counter output growth

Net income came in at 122.1 billion yuan, down from 137.9 billion yuan a year earlier

Gold’s recent softening amid the Middle East escalation has revealed a phase of forced liquidations among investors.

‘Gold doesn’t always perform in crises’: Sell-off shows liquidity trumps safe-haven appeal

Amid the Middle East war, bullion pullback is typical – it does this when uncertainty tips into full-blown crisis

Higher fuel prices are expected to ripple through the economy, pushing up transport and production costs and adding to inflationary pressure on food and other essentials.

Fuel prices jump 22% in Thailand after subsidies slashed

The increase marks a turning point for Thailand’s long-standing fuel-subsidy regime

Indonesia has announced plans to cut mining output quotas for many of its minerals to help support prices this year.

Indonesia may relax production quotas of nickel and coal if prices stay high, minister says

The country is the world’s top exporter of thermal coal and nickel products

Scott Bessent has repeatedly “conveyed both his and the administration’s continued confidence in the long-term trajectory of the American economy and global energy markets”.

Trump team examines what oil as high as US$200 a barrel would mean

Oil prices have jumped since the US and Israel attacked Iran on Feb 28