oil

ASEAN BUSINESS

Philippines’ businesses hoped to turn the corner in 2026 – then oil prices spiked overnight

Dire straits beckon as central bank holds unscheduled policy rate meeting amid fuel emergency

US President Trump told FT: “Maybe we take Kharg Island, maybe we don’t. We have a lot of options. It would also mean we had to be there (in Kharg Island) for a while.”

Donald Trump says US could ‘take the oil in Iran’

The US president is considering seizing strategic Kharg Island even as negotiations continue

Analysts at Macquarie Group say oil prices will fall quickly if the war begins to wind down soon but still remain above pre-conflict levels.

Oil prices gain as traders doubt prospects of ceasefire in Iran war

Brent crude futures up US$4.56 or 4.2% at US$112.57 a barrel

Taxes can make up about 38% of the retail price of RON95 petrol in Vietnam, according to industry estimates.

Vietnam acts fast to shield firms, households from fuel price surge

The government eliminates more taxes on petrol, diesel and jet fuel in an emergency move

An Israeli artillery unit firing towards Lebanon on Mar 17. Emerging and Asia-focused markets have fallen some 5% to 9% since the crisis erupted on Feb 28.
RETHINKING MATTERS

The Iran war: Will it stay? Or will it go now?

The longer the conflict drags on, the worse the outcome for both the global economy and global markets

Ramen noodles are typically sold in packages, cups or bowls, making them heavily reliant on polyethylene terephthalate (PET), one of the world’s most widely used plastics.

From beer to cosmetics, Asia feels full force of war-fuelled energy crisis

The region relies more heavily on crude oil, gas, fuel and fertiliser from the Middle East than other parts of the world

Changi Airport has now seen several European airlines add new direct flights to the city-state amid higher passenger demand.

S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope

As airlines shun the Gulf region, key airports in this area could also capture more transit traffic: analysts

The offshore drilling giant lifted oil and gas output to a record 777.3 million barrels last year, driven by new projects at home and overseas.

Cnooc’s profit drops as low oil prices counter output growth

Net income came in at 122.1 billion yuan, down from 137.9 billion yuan a year earlier

With a fresh Middle Eastern oil crisis building, Asian EV  manufacturers are poised to seize a new market, says the writer.

Expensive oil is EV makers’ best sales pitch

The supply shock from the Iran war is accelerating Asia’s electric vehicle revolution

Clockwise from top left: Oriano Lizza, sales trader at CMC Markets Singapore; June Goh, senior oil analyst at Sparta Commodities; Tam Shu Ching, a senior associate with Herbert Smith Freehills Kramer in Singapore; Baldev Bhinder, managing director at Blackstone & Gold.

‘Perfect storm’: Singapore energy traders, lawyers grapple with Iran war fallout

Quick judgments are needed to cope with extreme price changes and flurry of client requests