The Business Times

Oil and gas

Energy & Commodities

US hits firms moving Iranian oil and major China crude terminal

Petrol supplies across Indonesia have been tight and, at times, insufficient to meet local demand as government-imposed guidelines limit fuel imports by private retailers.
ASEAN Business

Shell petrol stations in Indonesia run dry on supply shortages

Opec+ has increased its oil output targets by more than 2.7 million bpd this year, equating to about 2.5 per cent of global demand.
International

Opec+ further raises oil production with modest hike from November

Washington has called on its allies to impose tariffs on purchasers of Russian oil such as India and China.
Energy & Commodities

G7 nations say they will target those continuing to increase Russian oil purchases

An oilfield crew, contracted by the Railroad Commission of Texas (RRC), works a service rig during a state-funded oil well plugging operation in Midland, Texas, US, on Thursday, Sept. 25, 2025. Oil fluctuated in choppy trading as tensions between Russia and NATO intensified, with European leaders warning the Kremlin that Western military alliance is ready to respond with force to violations of its airspace. Photographer: Eli Hartman/Bloomberg
Opinion & Features

Big Oil will miss the financial discipline imposed by ESG

The outlook also means that companies will need to tap reserves that have not yet been discovered, unless demand shifts away from fossil fuels, for production to remain where it is today in 25 years.
Energy & Commodities

World must spend US$540 billion a year looking for oil and gas: IEA

US West Texas Intermediate crude finished at US$62.69, a gain of 32 cents or 0.5%.
Companies & Markets

Oil gains weighed down by US demand worries

A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman
Companies & Markets
COMMODITY INSIGHTS

China can’t be counted on to absorb global crude surplus as Opec+ bumps up production: market watchers

Growing Jurong Island as a base for the energy and chemicals sector remains a key priority for Singapore, notes Senior Minister of State Low Yen Ling.
Companies & Markets

Singapore to help firms navigate turbulent energy market as Opec+ move adds to market challenges: Low Yen Ling 

Trump has put an additional 25% tariffs on goods coming into the US from India in response to the country’s buying of Russian oil.
Energy & Commodities

Russian gas sales to China would not harm US, energy secretary says

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