Oil prices

Chinese oil buyers pay premium for Canadian crude amid Iran war

The war is likely to shift perceptions of Middle Eastern countries as stable sources of oil

Abhijit Chakraborty, who owns a tea stall in Kolkata, India, is worried that rising cooking gas prices could hurt his earnings.

‘I’ll be the one to lose’: Hawkers, drivers in Asia brace themselves for fuel shortage amid Iran war

There are concerns that the fuel shortages could also mean higher inflation and rising interest rates

War in Iran is currently cutting Gulf oil and oil products supply to the market by some 15 million barrels per day which could raise crude prices to US$150 per barrel, according to research and consultancy firm Wood Mackenzie.

US oil prices up nearly US$3 as Middle East crisis constrains supply

Reflecting higher demand, US crude, petrol and distillate stocks fell last week

Brent futures fell US$11.16, or 11 per cent, to settle at US$87.80 a barrel on Tuesday.

Oil dives, settles down 11% after Trump predicts Middle East de-escalation

Prices settled with more modest gains on Monday but retreated on Tuesday

Motorists line up to refuel at a gas station in Hanoi on Mar 10.

Asia’s fuel crunch forces four-day weeks and school closures

The Iran war has led to a surge in global energy prices

Ending the war quickly to let oil flows resume would appear to preclude toppling Iran’s leadership.

Markets bet Trump will end Iran war soon despite both sides’ threats

Teheran residents describe intense US-Israeli bombardment of the capital overnight as the fiercest of the war

The move, approved by Thai Cabinet on Tuesday (Mar 10), is aimed at reducing energy consumption amid heightened supply risks.

Thailand orders work-from-home for state agencies to save fuel

The Cabinet urges government officials to suspend non-essential overseas travel during the period

The conflict has led to a surge in energy prices, including oil, natural gas and products such as gasoil.

Oil plunges after Trump signals Iran war will end ‘very soon’

The conflict is now in its second week and has sucked more than a dozen countries into the fray