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Energy & Commodities

Energy & Commodities

Oil falls below US$100 a barrel on Middle East peace hopes

Iran said on Wednesday that it was reviewing a US peace proposal

Combined onshore oil product stocks totalled 44.83 million barrels in the week to May 6, the lowest since late July 2025, government data showed.
Singapore

Singapore’s oil product stocks hit over nine-month lows as US-Iran war cuts supply

[SINGAPORE] Oil product stocks in Asia’s oil hub Singapore hit their lowest in more than nine months after the US-Iran war curtailed Middle East crude and fuel exports, official data showed on Thursda...

Shell’s oil and gas output fell 4% compared with the previous quarter.
Energy & Commodities

Shell’s profit beats expectations at US$6.9 billion, raises dividend by 5%

The company cuts the pace of its quarterly share buyback programme to US$3 billion from US$3.5 billion

US crude and fuel inventories continued to draw down for the week ended May 1, according to the US Energy Information Administration.
Energy & Commodities

Oil prices rise as investors weigh Middle East peace prospects

[TOKYO] Oil prices rose over US$1 on Thursday (May 7), rebounding from the Wednesday’s sharp losses, as investors weighed the prospects of a Middle East peace deal succeeding.

Australia is one of the world’s largest LNG exporters and ships more gas overseas than it consumes domestically.
Energy & Commodities

Australia requires LNG exporters to reserve 20% of gas for east coast market

The scheme will apply from July next year and replace a range of current gas market interventions

Gold has fallen about 11% since the conflict erupted in late February.
Energy & Commodities

Gold holds hefty gain as US-Iran truce hopes ease inflation fear

President Donald Trump has indicated on multiple occasions throughout the conflict that a deal is near, though none has materialised

Benchmark Brent fell as much as 8.3 per cent to US$100.72 a barrel in London, while West Texas Intermediate lost up to 9.5 per cent.
Energy & Commodities

Oil and gas slump after report US and Iran near deal to end war

Crude has climbed by about 40 per cent since the conflict started

China's restrictions on some exports last year, in response to US tariffs, left global automakers and other industries exposed.
Energy & Commodities

Lynas CEO says US, Europe rules sway buyers from Chinese rare earths

She called for governments to intervene in order to encourage a rare earths industry to flourish outside China

The supply loss to the global market has pushed prices higher with Brent trading last week at its highest since March 2022.
Energy & Commodities

Oil prices fall a second day as Trump indicates possible Iran peace deal

The Strait of Hormuz closure has drawn down global inventories as refineries try to make up the shortfall

Gold remains under near-term pressure as inflationary concerns raise expectations for Federal Reserve rate hikes, which would weigh on non-yielding bullion.
Energy & Commodities

Gold rises as Trump touts progress with Iran and dollar falls

Bullion has fallen more than 12% since the war began in late February

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