The Business Times
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Oil prices

International

BP Q1 profit beats expectations at US$3.2 billion, driven by Middle East trading boon

The company says it anticipates fuel margins to ‘remain sensitive’ to the cost of supply and conditions in the region

Brent futures gained 2.8 per cent in the Apr 27 session to its highest close since Apr 7.
Energy & Commodities

Oil prices rise above US$110 as no end to Iran war stand-off seems in sight

Trump’s displeasure with Iran’s latest offer leaves the conflict deadlocked

Brent and WTI gained nearly 17 per cent and 13 per cent respectively during the week starting Apr 20, the biggest weekly gains since the start of the war.
Energy & Commodities

Oil rises as Hormuz remains shut after US-Iran peace talks stall

Axios reported Teheran offered the US a fresh proposal to open the strait

Malaysia’s deep integration into global networks is now a primary vulnerability; about 83% of companies source more than 30% of their raw materials from abroad.
Asean Business

Malaysia’s energy windfall masks a burgeoning ‘two-speed’ economy

While higher oil prices have increased export revenues, businesses face strain from supply disruptions

While a ceasefire has largely held since early April, both countries continue to maintain a blockade of the Strait of Hormuz.
Global Enterprise

Iran offers deal to US to reopen Hormuz strait and delay nuclear talks: report

The plan calls for extending the ceasefire so the parties can work toward a permanent end to the fighting

Japan has curbed petrol prices through subsidies and has not introduced steps to preserve fuel, reflecting Takaichi’s focus on underpinning a fragile economic recovery.
International

Japan PM sees no need for now to compile extra budget

[TOKYO] Japanese said on Monday she did not see an immediate need to compile a supplementary budget, but pledged to respond “flexibly” depending on the degree of economic damage from the Middle East c...

Goldman Sachs expects the global oil market to swing from a 1.8 million bpd 2025 surplus to a 9.6 million bpd Q2 2026 deficit.
Energy & Commodities

Goldman Sachs raises oil price forecasts on tight supply

[SINGAPORE] Goldman Sachs has raised its oil price forecasts for the fourth quarter to US$90 a barrel for Brent crude and US$83 for US West Texas Intermediate (WTI), on lower output from the Middle Ea...

Daily transits through Hormuz, already limited since the start of US and Israeli strikes on Iran, are now near zero.
International

Trump’s Hormuz blockade amid Iran War has deepened a historic shipping crisis

IN early April – after a month of disruption around one of the world’s most important energy choke points – US President Donald Trump wrote on social media that with “a little ​more time, we can easil...

Only five ships have moved through the Strait of Hormuz in the past 24 hours, shipping data shows.
Energy & Commodities

Oil prices end volatile session mixed but up sharply for the week on supply worries

Navigation through the Strait of Hormuz remains effectively blocked

“A lot of our materials are petrol-based, so with oil at around US$100, there’s a significant impact in terms of input cost,” P&G finance chief Andre Schulten said on a media call.
Companies & Markets

P&G warns of US$1 billion profit hit in fiscal 2027 from higher oil prices

P&G joins a host of global companies flagging significant cost pressures from the war in Iran

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