energy prices

THE BOTTOM LINE

China has a powerful new oil price weapon

The Middle East conflict reveals how the Asian giant has become the stabilising force for commodity prices

Reopening the Strait of Hormuz would provide relief across Asia, which consumed about 90 per cent of the oil flowing through the waterway.

Asia’s oil-thirsty economies cautiously welcome US-Iran deal

The deal raises questions on whether Asian countries will return to their pre-war reliance on the strait

Surveys show that people expect higher inflation than what official data or forecasts say, with grocery and energy prices shaping these views disproportionately. 

Are we in an affordability crisis?

Wage growth in many countries has outpaced inflation. So where is the anxiety coming from?

It could take six to eight months in the best-case scenario to reopen the Strait of Hormuz if an agreement was reached today, says an IEA official.

IEA sees possibility of critically low oil stockpiles ahead of peak summer demand

Around half of the initial 400-million-barrel coordinated release from March is yet to hit the market

Solar panels in Gansu, China. The country controls more than 70% of manufacturing capacity for almost every renewable energy segment.

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