Energy security

Singapore, Australia commit to keep LNG, diesel flowing; working on legally binding agreement

This pact on economic resilience and essential supplies will span energy and other critical sectors

Every US dollar added to the price of oil is a tax on Iran’s adversaries and, critically, on the Western economies underwriting opposition to Teheran.
THE BOTTOM LINE

Iran and the ‘Strait card’: a risky high-stakes gamble

How the country could turn its control of the Strait of Hormuz into a victory

Asean's booming population equates to a higher demand for supplies of safe, nutritious food as well as reliable sources of energy.

Regulation can bolster Asean’s food and energy resilience

Fundamental frameworks at national level will ultimately help drive momentum for bloc’s larger harmonisation goal

Deputy Prime Minister Gan Kim Yong confirmed inflation will exceed earlier projections. Singapore's government has committed close to S$1 billion in new support measures to cushion its people.

Despite ceasefire in Iran, businesses should follow Singapore’s model

Whether the ceasefire holds, firms should not assume business as usual

Russia produces around 10 million barrels of crude per day and about half are exported.

World is lining up for Russian energy, the Kremlin says

Beyond oil, the nation is also moving LNG eastwards

With the oil flows from the Persian Gulf throttled by the Iran war, such a move by Opec+ would be theoretical.

Opec+ plans symbolic oil quota hike amid war, delegates say

Key members have an agreement in principle to increase production targets by about 206,000 barrels per day

Hundreds of petrol stations across Australia have reported shortages of certain types of fuel in the past week.

Australia secures fuel supply pacts with Japan, Singapore

The nation is a top fossil fuel exporter, but most of its refined oil products come from Asian refineries

Chinese independent refiners have been under pressure since the start of war, given their reliance on heavily discounted sanctioned oil from Iran, Russia and Venezuela.

China tells private refiners to keep up fuel output at all costs

Any refineries that cut run rates and produce lower volumes will have their oil import quotas cut accordingly for the coming years

French President Emmanuel Macron (above) may be able to navigate a way through the disagreements, given his previous ability to befriend US President Donald Trump at key moments.

G7 gears up for growing role in Iran crisis

But potential divisions over various issues may pose the gravest test to allied unity in 50 years

Asia’s heavy reliance on imported energy, much of which transits through vulnerable routes, makes it acutely sensitive to supply disruptions.

When supply shocks outlast conflict

Markets brace for prolonged economic shock sparked by energy disruptions