energy prices

Global clean energy manufacturing supply far exceeds demand

The glut has strengthened renewable power’s appeal as an alternative to fossil fuels

Hormuz, which links the region to world markets, has been subject to a double blockade, with curbs imposed by both Iran and the US.

Oil slips to 2-week low as US-Iran seen moving closer to peace deal

[SINGAPORE] Oil prices fell 6 per cent to two-week lows on Monday (May 25), on optimism that the US and Iran were moving closer towards a peace deal even though they remained at odds over key issues, ...

Higher marine fuel prices and slower container shipping speeds - known as 'slow steaming' - are some reasons why refueling has declined.

More ships arrive in Singapore as Iran war disrupts Middle East routes, but fewer refuelling here

Singapore is capturing some displaced bunkering demand, but it is not a simple one-for-one substitution for Gulf of Oman ports

Iran said 30 vessels had crossed the Hormuz strait since the evening of May 13, still far short of the typical daily total of 140 before the war.

Oil rises more than 1% after Trump flags China’s interest in US supplies

Both Trump and Xi agreed the Strait of Hormuz must be open for the free flow of energy

Indian Prime Minister Narendra Modi has asked citizens to curtail imports and fuel usage.

India’s wholesale inflation quickens to 3½-year high of 8.3% as energy costs soar

The increase mounts pressure on New Delhi to raise retail fuel prices, which have been kept unchanged

Storage tanks in Oman on Mar 12. In the week ended May 10, Brent crude futures and  US West Texas Intermediate recorded 6 per cent weekly losses.

Oil prices settle higher after Trump says Iran ceasefire ‘on life support’

He pointed to disagreements over several demands, such as the cessation of hostilities on all fronts

Addressing whether combat operations against Iran were over, US President Trump said on May 10: “They are defeated, but that doesn’t mean they’re done.”

Trump rejects Iran’s response to US peace proposal as ‘unacceptable’; oil prices jump

Iran proposed diluting some of its uranium and transferring the remainder to a third country: report

Aramco said it benefited from higher prices of crude oil, refined fuels and chemical products during the quarter.

Saudi Aramco’s Q1 profit up 26% after Iran war-driven oil price rise

A key pipeline that connects its oil fields in the east to Yanbu port ‘has proven itself to be a critical supply artery’

A cargo ship docked at UAE's Fujairah port on May 6, as the US-Israel conflict with Iran limits marine traffic in the Strait of Hormuz.

Oil prices jump on renewed US-Iran hostilities

[NEW DELHI] Oil prices rose about 1 per cent on Friday (May 8) after renewed fighting broke out between the US and Iran, threatening a shaky ceasefire and dashing hopes for progress on a reopening of ...

US crude and fuel inventories continued to draw down for the week ended May 1, according to the US Energy Information Administration.

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.