Energy markets

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

Negotiations between the US and Iran continued over the weekend with both sides assessing responses from each other

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

But the actual increase depends on the Strait of Hormuz reopening and shuttered production being restored

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

Move comes after the UAE criticises fellow Arab states for not doing enough to protect it from numerous Iranian attacks during the war

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

Singapore, as an oil trading and refinery export hub, will do what it can to secure alternative “upstream feedstock”, PM Wong says

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

Aviation remains one of the most difficult sectors to decarbonise – no single solution will be sufficient

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

The Strait of Hormuz has been mostly shut since the war broke out

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

A trust gap exists because AI sees data but lacks the common sense and intuition that people have, said one speaker

“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

The company has one business focusing strictly on coal, and a more general power operation that includes coal, gas and renewable energy

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

A benchmark for coal prices in Asia is hovering near a 17-month high

Saudi Aramco plans to launch a process to sell a stake in its oil export and storage terminals business in the coming weeks.

Saudi Arabia, Kuwait to pursue energy deals despite war

Gulf states are keen to portray a business-as-usual approach despite Iran’s attacks