https://www.businesstimes.com.sg/ THE BUSINESS TIMES - Find latest business and financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific and global market news and more at The Business Times. en-US https://www.businesstimes.com.sg/favicon.ico https://www.businesstimes.com.sg/ 32 32 https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-falls-hopes-us-iran-negotiations-hormuz-progress Sat, 02 May 2026 00:41:36 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/oil-falls-hopes-us-iran-negotiations-hormuz-progress [NEW SOUTH WALES] Oil edged lower in thin trading on Friday (May 1) with US-Iran peace negotiations on the ropes but still... https://www.businesstimes.com.sg/companies-markets/exxon-beats-q1-earnings-estimate-despite-hit-iran-conflict Fri, 01 May 2026 11:55:14 +0000 Companies & Markets Energy & Commodities /companies-markets/exxon-beats-q1-earnings-estimate-despite-hit-iran-conflict Adjusted earnings for the quarter were US$1.16 per share, above the consensus estimate of US$1 https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-heads-weekly-loss-oil-driven-inflation-concerns Fri, 01 May 2026 03:24:44 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/gold-heads-weekly-loss-oil-driven-inflation-concerns GOLD was steady in thin trading on Friday, but was on course for a weekly decline as higher oil prices fuelled inflation... https://www.businesstimes.com.sg/international/uaes-opec-exit-shockwaves-will-be-felt-beyond-oil-prices Thu, 30 Apr 2026 23:00:00 +0000 International Companies & Markets Energy & Commodities /international/uaes-opec-exit-shockwaves-will-be-felt-beyond-oil-prices Cartel crack-up reflects growing friction and regional rivalry between the Saudis and the Emiratis https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-prices-rise-no-sign-end-iran-war Thu, 30 Apr 2026 21:58:17 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/oil-prices-rise-no-sign-end-iran-war Trump was scheduled to receive a briefing on Apr 30 on plans for a series of fresh military strikes on Iran https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-rebounds-us-iran-war-concerns-revive-safe-haven-appeal Thu, 30 Apr 2026 00:52:54 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/gold-rebounds-us-iran-war-concerns-revive-safe-haven-appeal Bullion is set for a second monthly decline in April, as the conflict in the Middle East sends energy prices soaring https://www.businesstimes.com.sg/companies-markets/energy-commodities/opec-likely-agree-another-oil-output-hike-without-uae-sources Thu, 30 Apr 2026 00:40:10 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/opec-likely-agree-another-oil-output-hike-without-uae-sources The increase is similar to last month’s hike of 206,000 bpd https://www.businesstimes.com.sg/international/global/global-oil-prices-hit-4-year-high-concern-us-iran-war-escalation Wed, 29 Apr 2026 21:48:33 +0000 Global Companies & Markets Energy & Commodities International /international/global/global-oil-prices-hit-4-year-high-concern-us-iran-war-escalation The gains risk a renewed spike in global inflation and higher pump prices in the US ahead of mid-term elections later this... https://www.businesstimes.com.sg/companies-markets/energy-commodities/china-succeeds-adding-renminbi-pricing-bhp-iron-ore-contracts Wed, 29 Apr 2026 14:29:29 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/china-succeeds-adding-renminbi-pricing-bhp-iron-ore-contracts For global miners, it means securing access to their biggest customer entails conceding ground on how prices are set https://www.businesstimes.com.sg/companies-markets/energy-commodities/petrochina-posts-record-q1-profit-higher-oil-prices Wed, 29 Apr 2026 12:23:37 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/petrochina-posts-record-q1-profit-higher-oil-prices Net income is up at 48.33 billion from 46.8 billion yuan in the year-ago period https://www.businesstimes.com.sg/companies-markets/wilmar-posts-22-8-fall-q1-net-profit-us265-6-million-amid-volatile-commodity-prices Wed, 29 Apr 2026 10:43:09 +0000 Benicia Tan Companies & Markets Energy & Commodities /companies-markets/wilmar-posts-22-8-fall-q1-net-profit-us265-6-million-amid-volatile-commodity-prices Operating conditions for year depend on developments in global trade policies, says company https://www.businesstimes.com.sg/companies-markets/singapores-gold-demand-jumps-record-42-q1-amid-geopolitical-risks-volatile-prices Wed, 29 Apr 2026 06:00:00 +0000 Benicia Tan Companies & Markets Energy & Commodities /companies-markets/singapores-gold-demand-jumps-record-42-q1-amid-geopolitical-risks-volatile-prices Inflows into Asia-listed gold ETFs outpace those in other regions, and offset outflows in West https://www.businesstimes.com.sg/companies-markets/energy-commodities/us-warns-sanctions-risks-chinese-refiners-iranian-oil Wed, 29 Apr 2026 02:04:28 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/us-warns-sanctions-risks-chinese-refiners-iranian-oil The move risks adding yet another irritant for China ahead of an expected summit between US President Donald Trump and China’s Xi... https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-steady-markets-await-powells-comments-iran-war-impact Wed, 29 Apr 2026 01:35:18 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/gold-steady-markets-await-powells-comments-iran-war-impact Investors expect the Fed to hold interest rates steady at the end of its two-day meeting, ending later in the day https://www.businesstimes.com.sg/companies-markets/energy-commodities/what-opec-and-how-does-it-affect-oil-prices Wed, 29 Apr 2026 00:40:50 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/what-opec-and-how-does-it-affect-oil-prices The UAE is the fourth producer to leave the group in recent years, and by far the biggest https://www.businesstimes.com.sg/international/global/uae-exit-blindsides-opec-and-threatens-shake-its-grip-oil Tue, 28 Apr 2026 23:23:35 +0000 Global Companies & Markets Energy & Commodities International /international/global/uae-exit-blindsides-opec-and-threatens-shake-its-grip-oil The departure of one of the group’s most influential members will still raise wider questions https://www.businesstimes.com.sg/companies-markets/energy-commodities/chinas-used-cooking-oil-ships-us-war-drives-biofuel-boom Tue, 28 Apr 2026 22:20:30 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/chinas-used-cooking-oil-ships-us-war-drives-biofuel-boom Fuel makers now are scrambling to acquire feedstocks to churn out renewable diesel https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-rises-reports-us-will-extend-iran-blockade-prolonging-middle-east-supply-disruptions Tue, 28 Apr 2026 22:05:53 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/oil-rises-reports-us-will-extend-iran-blockade-prolonging-middle-east-supply-disruptions Global energy prices could rise 24 per cent in 2026 to their highest level since Russia’s invasion of Ukraine https://www.businesstimes.com.sg/companies-markets/energy-commodities/world-bank-forecasts-24-surge-energy-prices-2026-due-middle-east-war Tue, 28 Apr 2026 14:32:07 +0000 Energy & Commodities Companies & Markets International /companies-markets/energy-commodities/world-bank-forecasts-24-surge-energy-prices-2026-due-middle-east-war Commodity prices could rise even further if hostilities in the region escalated https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-prices-trim-gains-after-uae-exits-opec-opec Tue, 28 Apr 2026 13:25:48 +0000 Energy & Commodities Companies & Markets International /companies-markets/energy-commodities/oil-prices-trim-gains-after-uae-exits-opec-opec UAE’s exit dealt a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia https://www.businesstimes.com.sg/esg/singapores-ema-study-potential-deploying-geothermal-energy Tue, 28 Apr 2026 09:00:00 +0000 Janice Lim ESG Companies & Markets Energy & Commodities /esg/singapores-ema-study-potential-deploying-geothermal-energy It is part of efforts to strengthen the Republic’s energy resilience and decarbonise the power sector https://www.businesstimes.com.sg/companies-markets/energy-commodities/chevron-close-deal-singapore-refinery-stake-sale-eneos-may-sources Tue, 28 Apr 2026 08:52:28 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/chevron-close-deal-singapore-refinery-stake-sale-eneos-may-sources Both parties are reassessing some terms in the deal, including offtake agreements for refined products, they add https://www.businesstimes.com.sg/companies-markets/energy-commodities/chinas-state-refiners-seek-resume-fuel-exports-after-halt Tue, 28 Apr 2026 05:20:23 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/chinas-state-refiners-seek-resume-fuel-exports-after-halt The government has yet to announce any change to permits following the request https://www.businesstimes.com.sg/companies-markets/energy-commodities/chinese-refiner-hengli-sanctioned-us-restructures-singapore-unit-sources Tue, 28 Apr 2026 03:43:43 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/chinese-refiner-hengli-sanctioned-us-restructures-singapore-unit-sources Washington sanctions refinery unit for allegedly buying billions of dollars in Iranian oil https://www.businesstimes.com.sg/companies-markets/energy-commodities/first-lng-shipment-war-began-appears-exit-hormuz Tue, 28 Apr 2026 03:19:20 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/first-lng-shipment-war-began-appears-exit-hormuz At present, the ship is signalling a terminal in China as its destination https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-steadies-traders-weigh-diplomatic-push-end-iran-war Tue, 28 Apr 2026 01:27:20 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/gold-steadies-traders-weigh-diplomatic-push-end-iran-war The standoff has reduced daily transits via the strategic waterway to near zero, choking off flows of crude, natural gas and oil... https://www.businesstimes.com.sg/companies-markets/energy-commodities/vietnam-gas-major-looks-us-iran-war-reorders-lpg-flows Tue, 28 Apr 2026 00:53:18 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/vietnam-gas-major-looks-us-iran-war-reorders-lpg-flows The state-owned gas major will bring in 66,000 tonnes of the widely-used cooking fuel from America in May https://www.businesstimes.com.sg/international/asean/how-asia-pacific-fighting-fuel-shock-could-get-worse Mon, 27 Apr 2026 22:51:00 +0000 Asean Companies & Markets Energy & Commodities International /international/asean/how-asia-pacific-fighting-fuel-shock-could-get-worse The disruption has laid bare how reliant the region is on Middle East energy https://www.businesstimes.com.sg/companies-markets/energy-commodities/trump-cancels-more-wind-leases-spur-oil-and-gas-investment Mon, 27 Apr 2026 22:00:17 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/trump-cancels-more-wind-leases-spur-oil-and-gas-investment The deals mark the latest step in the administration’s push to stymie the nascent US offshore wind industry https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-prices-rise-above-us110-no-end-iran-war-stand-seems-sight Mon, 27 Apr 2026 21:59:00 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/oil-prices-rise-above-us110-no-end-iran-war-stand-seems-sight Trump’s displeasure with Iran’s latest offer leaves the conflict deadlocked https://www.businesstimes.com.sg/companies-markets/energy-commodities/shell-buy-canadas-arc-output-boosting-us16-4-billion-deal Mon, 27 Apr 2026 13:35:55 +0000 Energy & Commodities Companies & Markets International /companies-markets/energy-commodities/shell-buy-canadas-arc-output-boosting-us16-4-billion-deal It would boost its output by 370,000 barrels of oil equivalent per day https://www.businesstimes.com.sg/international/bp-gains-exxon-emerge-top-big-oil-stock-during-iran-war Mon, 27 Apr 2026 09:08:31 +0000 International Companies & Markets Energy & Commodities /international/bp-gains-exxon-emerge-top-big-oil-stock-during-iran-war The windfall comes at a crucial time for the former, with its shares being the sector’s worst-performing since 2020 https://www.businesstimes.com.sg/companies-markets/energy-commodities/renewables-vogue-iran-war-drives-europe-power-prices Mon, 27 Apr 2026 08:24:03 +0000 Energy & Commodities Companies & Markets ESG /companies-markets/energy-commodities/renewables-vogue-iran-war-drives-europe-power-prices Gas-dependent nations such as Italy and Germany are experiencing sharper wholesale price volatility https://www.businesstimes.com.sg/international/asean/thai-and-vietnamese-farmers-may-stop-planting-rice-because-iran-war-heres-why Mon, 27 Apr 2026 08:00:00 +0000 Asean Companies & Markets Energy & Commodities International /international/asean/thai-and-vietnamese-farmers-may-stop-planting-rice-because-iran-war-heres-why The Middle East conflict has meant increased freight costs for food exporters https://www.businesstimes.com.sg/companies-markets/energy-commodities/chinas-metals-industry-racked-huge-profits-first-quarter Mon, 27 Apr 2026 05:35:52 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/chinas-metals-industry-racked-huge-profits-first-quarter The big jump in metal-making profits reflects a broader reflation underway across the Chinese economy https://www.businesstimes.com.sg/international/asean/vietnam-buys-more-lng-temperatures-set-rise-above-average Mon, 27 Apr 2026 04:47:46 +0000 Asean Companies & Markets Energy & Commodities International /international/asean/vietnam-buys-more-lng-temperatures-set-rise-above-average The next two weeks are forecast to be hotter than normal in the South-east Asia country https://www.businesstimes.com.sg/companies-markets/energy-commodities/china-tax-authorities-rattle-metal-market-invoice-crackdown Mon, 27 Apr 2026 04:07:13 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/china-tax-authorities-rattle-metal-market-invoice-crackdown The probe has ensnared a broad group of traders dealing in copper, aluminium and silver in Shanghai, according to several affected parties https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-rises-hormuz-remains-shut-after-us-iran-peace-talks-stall Mon, 27 Apr 2026 00:39:19 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/oil-rises-hormuz-remains-shut-after-us-iran-peace-talks-stall Axios reported Teheran offered the US a fresh proposal to open the strait https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-declines-attempts-restart-us-iran-peace-talks-falter Sun, 26 Apr 2026 23:52:48 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/gold-declines-attempts-restart-us-iran-peace-talks-falter In the Middle East, the effective closure of Hormuz has disrupted around a fifth of the world’s oil flows https://www.businesstimes.com.sg/companies-markets/energy-commodities/goldman-sachs-raises-oil-price-forecasts-tight-supply Sun, 26 Apr 2026 23:43:24 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/goldman-sachs-raises-oil-price-forecasts-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... https://www.businesstimes.com.sg/companies-markets/energy-commodities/chevron-ceo-says-venezuela-must-do-more-oil-industry-revival Sun, 26 Apr 2026 23:29:11 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/chevron-ceo-says-venezuela-must-do-more-oil-industry-revival The country has changed its long-standing nationalist oil policy in a bid to entice investors https://www.businesstimes.com.sg/companies-markets/energy-commodities/us-imposes-sanctions-chinese-teapot-refinery-buying-iranian-oil Sat, 25 Apr 2026 05:15:00 +0000 Energy & Commodities Companies & Markets /companies-markets/energy-commodities/us-imposes-sanctions-chinese-teapot-refinery-buying-iranian-oil China buys more than 80% of Iran’s shipped oil, 2025 data from analytics firm Kpler shows