Energy markets

Five areas to watch as renewed US-Iran hostilities rattle global markets

Oil prices remained above US$100 a barrel with no peace deal in sight and traffic in the Strait of Hormuz still limited.

Oil slips after Trump says US will assist ships stranded in Strait of Hormuz

The UAE's Adnoc plans to accelerate a growth plan involving 200 billion dirham in project awards spanning upstream and downstream operations.

Opec+ agrees on symbolic quota hike as UAE touts oil investment

The UAE will will withdraw from the Opec and Opec+ alliances on May 1.

UAE to leave Opec and Opec+ in major blow to global oil producers’ group amid Iran conflict

At an online summit with regional leaders, Prime Minister Lawrence Wong said no country can secure energy needs on its own.

Support of trusted regional partners key to securing energy needs: PM Wong

For South-east Asia, the transition to low-carbon aviation presents both an opportunity and a structural challenge.

War-driven oil shocks expose aviation’s decarbonisation challenge

No ship loaded with LNG has been recorded passing through the strait since the US and Israel launched attacks on Iran at the end of last February.

Asian LNG prices set to fall after US, Iran agree to ceasefire

Moderated by Brian Lim, co-founder of Wisma AI, the panel featured Joud Abdel Majeid of BlackRock, Luke Soon of EWC, and Xie Chao of GIC, offering diverse perspectives on AI advancements, enterprise adoption, and governance.

Energy costs, governance caps and overtrust could derail AI’s promise in Asia: panellists

“The US power business will be a core earnings driver, supported by sustained demand from data centres and AI,” Sinon Vongkusolkit says.

Thai energy company Banpu plans US$1.5 billion US power investment on data centre boom

Asian policymakers are already rethinking environmental goals around cutting coal-fuelled power production to ensure energy security, as the conflict extends into a sixth week.

Asian coal bonds beat peers as Iran war triggers energy rethink