energy prices
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.
World Bank warns of growing geopolitical commodity shocks, beyond oil crisis
Increasing geopolitical risk, despite the market resilience displayed so far, is weakening the global order
Asia battles rising, uneven toll of energy crisis caused by Iran war
Fiscal strains are mounting across the region, particularly South Asia
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
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
Iran juggles oil cuts and storage strain to resist US blockade around Hormuz
Teheran is drawing on a time-tested playbook to prolong the standoff and raise costs for Washington
US-Iran standoff could leave Trump worse off than before he went to war
The war has failed to achieve many of Trump’s stated goals
Hormuz crisis could be more severe than 1970s oil shocks: PM Wong
The country must brace for months-long disruption and pressures are likely to intensify, he warns
Apac could feel energy supply chain disruptions for years, says ADB
The development bank cuts its regional GDP growth forecast for 2026 to 4.7% from 5.1% previously
EMA launches proposal for new electricity generation capacity to meet rising demand
The plan calls for one unit to be ready in 2031 and up to two additional units to come onstream in 2032
