oil

Iranian mines in the strait have throttled the world’s most important energy artery and driven US inflation to its highest level in years.
THE BOTTOM LINE

A narrow door out of the Hormuz war

The US-Iran deal’s principal virtue is that it lets each side claim enough to sell at home

The Abu Dhabi National Oil Company CEO, Sultan Al-Jaber, said the UAE would continue to be a responsible, stabilising force in energy markets.

UAE left Opec to pump more as end of oil era looms, presidential adviser says

The decision can have a major impact on the organisation’s control over supplies when oil flows normalise

Asean could potentially produce up to 8.5 million barrels a day of sustainable aviation fuel by 2050, based on publicly available biomass and waste‑residue assessments.

Hormuz crisis makes Asean’s push for sustainable aviation fuel more urgent

The region’s aviation must break its overdependence on jet fuel

There is only a 28% chance that traffic through the Strait of Hormuz will return to normal by end-June, based on Polymarket prediction.
THINKING ALOUD

The pain started long before US$150 oil

As flows through Hormuz remain disrupted, weakening currencies and soaring costs are already rippling through Asia

As has been widely reported, China entered this crisis with about 1.3 billion barrels in combined strategic petroleum reserves.
THINKING ALOUD

Don’t expect any Gulf oil breakthroughs from Trump-Xi meeting

Strait of Hormuz will certainly be on the summit agenda, but China is not facing energy desperation as some argue

On May 5, Aramco set the official selling price of June Arab Light crude oil to Asia at a premium of US$15.50 a barrel, down from US$19.50 in April.

Saudi crude exports to China set for record low in June amid high prices, sources say

Its state oil giant Aramco will ship about 10 million barrels to Chinese customers for the month

State-owned oil and gas company Petroliam Nasional is in the final stages of securing new suppliers.

Anwar to outline Malaysia oil supply continuity plan

It’s to ensure enough domestic supply to support economic activity

The oil market’s focus remains on the strait, which has been effectively closed since the war began at the end of February.

Oil ticks higher as Gulf clashes threaten to derail ceasefire

Brent crude up 1.2% to settle around US$101 a barrel, but still notches a weekly drop of about 6%

Combined onshore oil product stocks totalled 44.83 million barrels in the week to May 6, the lowest since late July 2025, government data showed.

Singapore’s oil product stocks hit over nine-month lows as US-Iran war cuts supply

[SINGAPORE] Oil product stocks in Asia’s oil hub Singapore hit their lowest in more than nine months after the US-Iran war curtailed Middle East crude and fuel exports, official data showed on Thursda...