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Energy

Energy
The latest news, analysis and opinion on Energy. In-depth analysis, industry insights and expert opinion.
Cars refuel at a BP petrol station in London, Britain, on Tuesday. Global oil prices have risen sharply amid the conflict ⁠in the Middle East. Photo: EPA
Britain

UK eyes ‘targeted’ support for households amid rising energy costs

Finance chief Rachel Reeves says there are plans to help those vulnerable to sharp rises in energy prices, especially those who rely on heating oil.

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US, Israel war on Iran

Macroscope | Trump hasn’t counted on financial blowback from his war with Iran

US, Israel war on Iran

Trump says US bombed Iran’s Kharg Island, threatens oil infrastructure

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OpenClaw

Inside the OpenClaw AI mania in China, as security fears and enthusiasm surge

Appeal of autonomous AI agent spurs rapid adoption across country, from tech pros to retirees seeking a ‘digital staff’, but data wipes mar its rise and trigger warnings.

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Illustration: Henry Wong
US, Israel war on Iran

As I see it | Trump and Netanyahu’s Iran quagmire is wrecking the global economy

While bombs are being dropped on communities that may seem far away for some, the ripple effects of war in the Middle East are truly worldwide.

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US, Israel war on Iran

Iran lets 2 India-flagged gas tankers sail through Strait of Hormuz: insiders

India, which gave safe harbour to 183 Iranian ‌sailors, has asked for exemptions from Iran’s blockade of the key waterway.

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US, Israel war on Iran

Hormuz has become Iran’s ultimate lever against US. Will Trump ‘blink first’?

By choking the world’s energy artery, Tehran is betting it can endure longer than a far stronger enemy.

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The Thai‑flagged cargo ship Mayuree Naree on fire after being hit by Iranian missiles in the Strait of Hormuz on Wednesday. Photo: EPA/Royal Thai Navy
War and conflict

Opinion | US-Israeli war on Iran makes a mockery of global governance rules

Inevitably, the world will be split between those committed to peace and harmony, and those who want to fight to secure dominance.

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US, Israel war on Iran

UK says Russia, Iran trying to ‘hijack global economy’ amid Hormuz closure

Foreign Secretary Cooper said Moscow and Tehran ‘benefit together’ from soaring oil prices.

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Malaysia

Malaysia’s fuel subsidy bill to rise more than fourfold as Iran war drags on

The government will spend about US$812.8 million a month to maintain the price of subsidised petrol and diesel in the short term.

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A man fills his vehicle with diesel at a petrol station in Kuala Lumpur, Malaysia. Photo: EPA-EFE
China trade

Japan taps oil reserves as Iran war spreads. Could it give China leverage?

With Tokyo and Beijing still at loggerheads over Taiwan, analysts warn Japan’s decision exposes its economic vulnerability.

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Japan’s Prime Minister Sanae Takaichi speaks to the media about the release of oil stockpiles at the Prime Minister’s Official Residence in Tokyo on Wednesday. Photo: AFP
Hong Kong stock market

Hong Kong stocks fall further as US and Iran dig in heels amid escalating war

Stopping Iran from having nuclear weapons and threatening the Middle East is of ‘far greater interest and importance to me’, Trump says.

India

Kitchen crisis? Indian homes stockpile electric stoves to beat gas crunch

LPG volatility sparks panic buying of induction stoves and other electric cooking appliances as households worry about refill delays.

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US, Israel war on Iran

Opinion | Why Asia’s future depends on breaking the shackles of fossil fuels

The choice facing Asia is clear: pay the large, one-time cost of transition or keep paying the unpredictable price of vulnerability.

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Motorists, some with containers, queue for gasoline at a gas station in Hanoi on March 10. Photo: AFP
US, Israel war on Iran

From AirAsia to Qantas, airlines raise fares and brace for jet fuel shortage

Soaring oil prices are forcing several airlines in Asia and Europe to increase fares and fuel surcharges, hitting global travel.

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Qantas is raising fares on international routes by around 5 per cent on average. Photo: Reuters
US, Israel war on Iran

‘Bored, scared’: 6,000 Filipino sailors stranded by Strait of Hormuz closure

Iranian strikes have effectively shut off the strait, which carries 20 per cent of the world’s oil and gas supplies.

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Indonesia

Why Indonesia’s waste-to-energy goal may not be ‘quick fix’ for landfill crisis

With billions to be spent on new waste-to-energy plants, critics are questioning the potential cost to Indonesian cities and the environment.

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Hong Kong stock market

Hong Kong stocks fall as oil once again trades over US$100

Brent crude rises as much as 10.5 per cent to US$101.6 a barrel even after Western nations take steps to mitigate oil prices.

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An electronic board shows stock indices in the Lujiazui financial district in Shanghai. Photo: Reuters
Singapore

As Iran war fuels oil crisis, Southeast Asia’s small firms could be hit hardest

Observers say SMEs are typically more vulnerable as they have less capital to absorb sudden increases in operating costs.

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US, Israel war on Iran

Iran warns of US$200 oil as countries reach for emergency reserves

US president declares ‘we won’ the war as chaos in the Strait of Hormuz sends shock waves through energy markets.

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US, Israel war on Iran

Iran war threatens prolonged energy shock, slower growth for Asia

Observers say an extended disruption of energy flows could mean persistently higher fuel costs and widening trade deficits for Asian importers.

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A man carries a liquefied petroleum gas (LPG) cylinder in Mumbai on Wednesday. India has implemented several measures to secure energy supplies and manage demand. Photo: EPA
Germany

Germany, Japan to unblock oil reserves as G7 stands ‘ready’ to act

The latest announcement came as G7 leaders were set to discuss the widespread economic fallout from the US-Israeli war with Iran.

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Surplus gas is burnt off in a crude oil processing plant in Germany. The German and Japanese governments will free up some of their national oil reserves. Photo: dpa
Japan

Japan to release oil reserves as early as Monday

It will release 15 days’ worth of private reserves and a month’s worth of national reserves.

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Malaysia

Malaysia tightens borders to fight fuel smuggling amid global energy crisis

The move comes amid concern that rising fuel prices abroad could make it more profitable to smuggle subsidised fuel out of Malaysia.

Thailand

Thai navy says cargo ship attacked near Strait of Hormuz

The Thai navy said 20 crew members have been rescued so far.

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This handout photo taken on Wednesday and released by the Royal Thai Navy shows smoke rising from the Thai bulk carrier Mayuree Naree near the Strait of Hormuz after an attack. Photo: AFP/Royal Thai Navy
CATL

CATL profit jump fuels Hong Kong battery stocks amid global energy storage boom

The company’s strong results and energy storage push spark gains for battery makers listed in Hong Kong and mainland China.

CATL shares surged 9 per cent on Wednesday, following another 9 per cent gain the previous day. Photo: AFP
China energy security

How is China insulating its energy security amid geopolitical shocks?

Increasing oil and gas exploration, pushing ahead with green transition among contingency plans in place, geologist NPC deputy says.

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Thailand

Iran war fallout threatens ‘quick wins’ for Thailand’s economy

As drivers panic buy diesel and the public is urged to limit air con use, Thai civil servants are ordered home to preserve dwindling energy.

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