Oil and gas

Oil slips to 2-week low as US-Iran seen moving closer to peace deal

[SINGAPORE] Oil prices fell 6 per cent to two-week lows on Monday (May 25), on optimism that the US and Iran were moving closer towards a peace deal even though they remained at odds over key issues, ...

Before ​the war began, shipping traffic through Hormuz averaged 125 ‌to ⁠140 daily passages.

Vessels carrying Middle East oil, LNG exit Hormuz amid US-Iran peace talks, head for Pakistan, China

They are among a handful of supertankers exiting the Gulf in May via a transit route that Iran has ordered ships to use

Russian President Putin (left) and Chinese President Xi following their meeting at Beijing's Great Hall of the People on May 20.

Putin leaves Beijing after Xi meeting with little progress on key China-Russia gas pipeline project

RUSSIAN President Vladimir Putin left Beijing on Wednesday night (May 20) with no sign of a breakthrough on a natural gas pipeline project with the potential to reshape global energy flows and geopoli...

A key obstacle to expanding coal rock gas output is the high production cost, reflecting the technical challenges of drilling deep underground.

Deep under China’s coal basins, PetroChina is unlocking gas from rocks

The push to develop coal rock gas is part of Beijing’s widening effort to diversify its energy mix and reduce reliance on imports

The conflict has caused the worst-ever disruption to global energy supplies, blocking hundreds of tankers from leaving the Gulf.

Tankers exit Strait of Hormuz as Trump, Vance talk up Iran deal prospects

The US has been struggling to end the war it began with Israel nearly three months ago

Vladimir Putin and Xi Jinping will hold talks on Wednesday and also take tea together.

Putin arrives in China for Xi talks with gas project on agenda

The two sides plan to sign approximately 40 documents, according to Kremlin foreign policy aide

The Iran war has prompted governments to hunt for spot LNG shipments, switch to alternatives such as coal, and even implement fuel curbs to manage shortages.

Singapore GasCo has bought enough LNG to last for rest of year

The city state relies on natural gas to generate nearly all of its electricity

Higher marine fuel prices and slower container shipping speeds - known as 'slow steaming' - are some reasons why refueling has declined.

More ships arrive in Singapore as Iran war disrupts Middle East routes, but fewer refuelling here

Singapore is capturing some displaced bunkering demand, but it is not a simple one-for-one substitution for Gulf of Oman ports