Energy & Commodities
Retail oil traders spark ETF boom amid institutional slump
[NEW YORK] Anthony Sandford knew it was time to jump back into the energy sector when US war planes first cast shadows over Tehran in late February.
Why a strike on Iran’s Kharg Island would shake oil markets
[CAPE TOWN] Iran’s oil exports hinge on a small outpost in the Persian Gulf: Kharg Island, the loading point for almost all of the country’s crude shipments.
US begins emergency oil reserve release of 86 million barrels
[WASHINGTON] The Trump administration started the process of a mammoth drawdown of the US emergency oil reserve, issuing a request to exchange 86 million barrels of crude oil.
Iran oil hub strike raises risk of further disruptions to supply
[SINGAPORE] The first major attack on an island that exports the bulk of Iran’s oil threatens the lifeblood of the Islamic Republic, as well as global supplies in a market already rocked by the two-we...
GE Vernova, Hitachi to explore South-east Asia for small reactors
[TOKYO] GE Vernova and Hitachi agreed to explore opportunities to deploy small modular nuclear reactors in South-east Asia.
Brent crude closes above US$100 for second straight session
[NEW YORK] Brent crude settled above US$100 a barrel for the second straight session, ending the day at the highest level in more than three years as the conflict in the Middle East drags on and world...
Sinopec plans to cut crude runs by over 10% on Middle East supply squeeze: sources
The refiner will focus on maximising fuel output at the expense of petrochemicals production
Oil heads for weekly gains despite US sanctions waiver on Russian oil
On Thursday, both benchmark prices hit their highest levels since August 2022
Asia set to pledge US$30 billion in energy, mineral deals with US
Overall, some 18 nations are set to participate, including Australia, Bangladesh and South Korea
Gold set for second weekly decline as oil prices rally further
Bullion has still gained around 18% so far this year and has largely held above the US$5,000-an-ounce threshold
