fuel

Sinopec to prioritise China’s fuel supply as pressures mount

Beijing has built up an estimated 1.4 billion barrels in stockpiles that could be tapped if disruptions persist

Sinopec forecasts that refinery throughput will remain stable at about 250 million tonnes in 2026.

Sinopec posts 36.8% drop in 2025 net profit on weak petrochemical margins, new energy substitution

Refinery throughput is down 0.8% at 250.33 million tonnes, equivalent to five million barrels per day

Under the Jones Act, goods shipped between US ports must be carried on vessels that are US-built, US-flagged and mostly US-owned.

US waives shipping regulation for 60 days to ease fuel and fertiliser deliveries

Petrol prices have surged and fertiliser supplies have been disrupted since the start of the conflict

Industry watchers say it often takes a sustained period of elevated prices, or for them to breach a psychological mark, before car buyers move to more fuel-efficient choices.

Petrol price hike from Iran war could push consumers toward EVs, hybrids

But sharp increases at the pump are unlikely to significantly alter car-buying trends right away, analysts say

To help private-hire car drivers navigate the fuel hikes, ride-hailing platforms told ST that they have put various measures in place.

Across land, sea and air, fuel price hikes drive up costs for passengers and operators in Singapore

Some private-hire car drivers have found ways to circumvent the high fuel costs

Supplies of fuel oil and marine gasoil into Singapore are typically sourced from local refineries, onshore tanks, and floating storage or vessels off Malaysia.

Iran war upheaval jolts shipping fuel suppliers in Singapore

Some distributors are prioritising preferred customers, and either trimming or canceling other sales

Some gas stations have run out of fuel, while others only allow sales to vehicle operators.

Fuel shortages disrupt Thailand’s sacred Buddhist funeral rites

Thai authorities insist the country has enough supplies to cover about three months of demand

Vietnam imports more than two-thirds of its jet fuel needs, with 60% coming from China and Thailand, according to documents from the aviation regulator and importers.

Vietnam braces for flight cuts from April after China, Thailand ban jet fuel exports

Hanoi has also seen reduced supplies from Singapore, the document shows

Petrol and diesel prices have climbed as the Strait of Hormuz’s closure disrupts fuel supply. Electricity rates are set to climb as well.

Costs running up for Singapore businesses as Gulf conflict jacks up energy prices

Already hit by rising fuel costs, anticipated electricity price hikes could worsen the blow