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Energy

Energy
The latest news, analysis and opinion on Energy. In-depth analysis, industry insights and expert opinion.
Profit margins at Chinese firms stabilised in the first half of 2026, but remained well below their global peers, according to Natixis. Photo: AFP
Mainland China

China’s firms face profit squeeze, but AI power edge offers hope: Natixis

China’s corporate health continues to lag global rivals, but power surplus has become a key advantage in AI race, bank says.

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Britain

Mystery deepens over UK airbase incident as police find petrol, not explosives

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Banking & finance

AIIB plans to double financing. Can it fill Asia’s infrastructure gap?

China exports

China’s gas turbine firms aim to challenge global giants. Is Malaysia the start?

Tight global supply is creating new opportunities in a sector where a small group of international manufacturers have long held sway.

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Heavy-duty gas turbine rotor at a Shanghai Electric factory. Photo: Shanghai Electric
US, Israel war on Iran

Iran says only diplomacy can end Hormuz crisis after Trump rejects deal

Tehran said the proposed pact would trigger a seven-day countdown to reopening the strait and a pause in regional fighting.

US-China relations

Why US deal on Greenland may narrow China’s Arctic space

New security accord could make western Arctic states warier of working with China and draw Beijing closer to Moscow, Chinese observers say.

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ESG investing

Hong Kong tycoon-backed firm challenges energy-storage giants with new battery

Co-founded by Peter Lee’s family office, EnerVenue has opened a facility in mainland China to scale its nickel-hydrogen batteries.

EnerVenue’s nickel-hydrogen battery facility in Changzhou. Photo: Daniel Ren
US, Israel war on Iran

Iran offers US plan to reopen Hormuz within 7 days

Foreign Minister Abbas Araghchi says the ball is now in Washington’s court, after setting out conditions for ending the war.

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Hong Kong society

HK Electric to cut fuel charge for first time in 4 months as CLP raises rate

Customers of HK Electric are set to pay less for electricity after it cut its fuel charge for the first time in four months.

Indonesia

Indonesian coal deal fuels doubts over production quota approvals

The sale of a stake in Bayan came as the coal miner was facing a delay in getting approval for three subsidiaries’ production quotas.

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A tugboat carrying coal barges at a port in Palembang, South Sumatra province, Indonesia. Photo: Antara Foto/Reuters
Ukraine war

Croatia clears extradition of Nord Stream blast suspect to Germany

German prosecutors have accused Ukrainian scuba diver of planting explosives on Baltic pipelines in 2022.

A gas leak at Nord Stream 2 in the Baltic Sea near the Danish island of Bornholm in 2022. Photo: Danish Defence Command via Reuters
Italy

Italy greenlights return of nuclear power after decades-long ban

Parliament clears legal framework for next-generation reactors nearly 40 years after the Chernobyl disaster.

Thailand

Thailand’s solar scheme faces hurdles as low power users turned off by high cost

Even with a subsidy, the upfront installation cost still may not make up for future savings and income in poorer households.

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China exports

China has scrapped two-thirds of its planned coal power plants abroad: report

The cutbacks have saved 6.4 billion tonnes of potential carbon emissions, though campaign’s momentum slowed last year, report finds.

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Women sit on a hill overlooking a coal power plant in Indonesia. The country is a hotspot for Chinese energy investment. Photo: AP
Ukraine war

Zelensky warns of painful winter for Russia if energy truce talks fail

The leader described Russia’s Putin as the ‘patient zero’ from whom the idea of war keeps spreading further.

Ukraine’s President Volodymyr Zelensky speaks during the 81st session of the United Nations General Assembly in New York. Photo: Getty Images via AFP
US, Israel war on Iran

Indian sailor killed in attack on vessel in Hormuz: India and Oman authorities

A strike on the cargo ship Cape Dao led to a fire in the engine room, and 27 crew members had to be evacuated by the Omani navy.

China energy security

China launches ‘mineral exploration offensive’ amid growing global uncertainties

Beijing is scouring the nation for resources ranging from oil to rare earths, as it tries to shield its economy from rising geopolitical turbulence.

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Ukraine war

Zelensky meets Trump, says Ukraine ready for energy truce with Russia

The US president announced such a truce last week, but Russia ‌hit petrol stations in Kyiv the next day and Ukraine bombed an oil refinery.

A Kyiv petrol station hit by a Russian drone strike. Photo: Reuters
Greenland

Trump, Denmark and Greenland sign deal to resolve Arctic stand-off

Trilateral accord permits US ‘Golden Dome’ missile shield and new bases while backing island self-determination.

Hong Kong economy

Hong Kong on way to securing green fuel supply to safeguard aviation hub status

Policy chief notes city to consider sustainable aviation fuel mandate, saying clear targets are needed to draw investment and build supply.

Indonesia

Indonesia to continue buying Russian oil despite ‘real risk’ of US penalties

Analysts say Jakarta made the ‘right decision’ for the country’s energy security but urge dialogue with Washington to maintain transparency.

Tankers and cargo ships at the oil depot and container terminal of Tanjung Priok Port in Jakarta, Indonesia, in March. Photo: AFP
Science

China starts on the world’s first supercritical CO2 and molten salt energy plant

Ruitan demonstration project in Shandong aims to reduce energy waste and stabilise grid electricity supply.

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Construction began on the Ruitan demonstration project at China Huaneng’s Bajiao power station in Yantai City on September 16. Photo: China Huaneng
2026 Xi-Trump summits

Top US Democrat warns Trump not to waver on Taiwan as Xi heads to Washington

Jeanne Shaheen also said new law allowing tariffs on buyers of Russian oil ‘sends Beijing a message’ before this week’s summit in Washington.

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South Korea

South Korea steps up to plug Europe’s jet fuel deficit

South Korea is the latest large source of jet fuel shipments to Europe, exporting 129,000 barrels per day, the highest since October 2022.

Middle East

Houthis claim attacks on Saudi capital, after flames seen near Riyadh airport

The militants say they targeted ‘sensitive’ sites, along with an Aramco facility in the Red Sea city of Yanbu.

Large plume of black smoke rises from the fuel storage area at King Khalid International Airport in Riyadh, Saudi Arabia, on Saturday. Photo: Reuters
India

India’s Modi caught between Russian oil needs and US trade threats

Cutting Russian oil imports could avoid price rises ahead of key polls but keeping such purchases could cripple access to its largest market.

MT Desert Kite oil tanker carrying Russian oil sails past Narara Marine National Park in Gujarat, India, on March 11. Photo: Reuters
US, Israel war on Iran

Saudi oil pipeline closure puts Asia’s economic resilience to the test

Experts say the loss will hit Asian refiners first before feeding through to inflation, currencies and economic growth across the region.

China energy security

China’s crude imports are rising again. What will that mean for oil prices?

China’s plunging oil imports prevented a bigger price spike after the Iran war broke out, but its crude purchases are now ticking up again.

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