Oil and gas

Near-term oil prices hit record premium over later deliveries after Trump vows more attacks on Iran

[HOUSTON] US crude oil futures for immediate delivery next month hit their largest-ever premium over the second-month contract on Thursday, as traders scrambled to secure barrels after US President Do...

Prime Minister Lawrence Wong says if critical Middle Eastern energy sources and supply routes are constrained for an extended period, the consequences "will be severe”.

Singapore convenes crisis committee to boost energy resilience and support amid Iran war

Firms and households can expect enhanced, earlier assistance, with targeted help for more severely affected sectors: PM Wong

Shell now wants to include neighbouring areas, expanding its reach in the Opec nation.

Shell in advanced talks with Venezuela for more gas areas

It could make a decision on the flagship project by the end of this year

The 1953 Nissho Maru incident is largely forgotten, but prefigured the great geopolitical emergencies of subsequent decades.

A forgotten crisis explains today’s oil shock

With oil and gas supplies soon running out, Iran’s US$2 million-per-ship fee for safe passage to non-hostile nations seems pretty competitive

The central question is whether Iran can make the economic price of continuing the war too high, too global and too prolonged to ignore.

Iran’s real weapon is the world economy

Missiles, drones, mining threats and selective maritime disruption can be enough to make insurers, traders, shipowners and governments reprice risk

Higher diesel prices also weigh on last-mile delivery of food manufacturers' goods.

Food manufacturers fret as Iran war sends diesel, logistics, packaging cost soaring

They are now bracing for higher electricity and natural gas prices

The Iranians may appear to stand tall, but they will need many years to recover from the blows they suffered.
NEWS ANALYSIS

One month on, Iran has the upper hand as war risks rise for Trump and the world

If the US escalates its military pressure, the Iranian regime is willing to take the pain

Scott Bessent has repeatedly “conveyed both his and the administration’s continued confidence in the long-term trajectory of the American economy and global energy markets”.

Trump team examines what oil as high as US$200 a barrel would mean

Oil prices have jumped since the US and Israel attacked Iran on Feb 28

Saudi Aramco is due to ship about 40 million barrels of crude to customers in China in April, according to traders.

Saudi oil sales to top Asia buyers to drop on Hormuz disruptions

The global oil market has been upended by the conflict between the US, Israel and Iran

The material uncertainty warning is included in Rex International's audited financial statements for the year ended Dec 31, 2025.

Shares of oil player Rex International fall 35.4% on auditor’s going concern doubts

The group’s financial woes are heavily tied to the debt load of its subsidiary Lime Petroleum Holding