Energy & Commodities

‘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

It is still possible that a ground invasion is ordered, or someone reaches for the nuclear button in pursuit of a quick end to the Middle East conflict.
THINKING ALOUD

Nothing should be ruled out if Iran war drags on for much longer

Religious convictions on every side are also weighing on the willingness to fight

Marex's Asia-Pacific revenue has more than quadrupled from US$27 million in 2021 to US$131 million in 2024 – outpacing growth in other regions.
TOPLINE

Nasdaq-listed Marex plans more acquisitions, with new Japan office to expand Asia-Pacific presence

Amid geopolitical uncertainty, the firm is being ‘more proactive’ with clients

Malaysian's petrol subsidy alone has climbed to RM2 billion a month.

Oil spike pushes Malaysia fuel subsidies to RM3.2 billion a month

The monthly bill rises more than four times from RM700 million previously, but the government says it is poised to absorb the increase

The tankers' arrival should help ease supply tightness.

India in talks with Iran to secure safe passage for tankers

The ships are carrying crude oil, LPG and LNG, and have been stuck since US and Israeli attacks began late in February

Thailand’s state-owned PTT was seeking a LNG cargo for late March to early April, ultimately buying only one for March. 

Asian buyers struggle to find March LNG as supply remains tight

Countries including Thailand and Bangladesh are dipping into the spot market to safeguard near-term energy security

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

Malaysia is expected to be the first hit by unseasonal heat in South-east Asia from March to May.

South-east Asia faces sweltering heat as war limits energy supply

A prolonged disruption will threaten the fossil-fuel-reliant region’s power generation into April and May

Higher oil prices would likely lead to a decline in economic activity in Asia, say Goldman Sachs analysts.

Iran oil shock could shave Asia’s growth – with Asean among the most exposed to risk

But fallout will be unevenly distributed, says BMI; Goldman Sachs predicts 0.5-percentage-point hit