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Energy

Energy
The latest news, analysis and opinion on Energy. In-depth analysis, industry insights and expert opinion.
US President Donald Trump gestures during a visit to Verst Logistics in Hebron, Kentucky, US, on March 11. Photo: Reuters
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

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Malaysia

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

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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.

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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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.

Registered scavengers walking in the Bantargebang landfill in Bekasi, on the outskirts of Jakarta. Photo: AFP
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.

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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.

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.

A petrol station attendant fills the tank of a car in Bangkok, Thailand, on Monday. Some drivers have begun panic buying diesel amid fears of a fuel shortage. Photo: AP
US, Israel war on Iran

Will Trump ‘Taco’ on Iran? Analysts say he’s looking for a way out

High oil prices and voter anger could be prompting the US president’s comments that the war could end soon.

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A visitor walks past a cartoon of Donald Trump holding a man wrapped in a taco at an exhibition at the Caricature Museum in Mexico City in November 2016. Photo: AP
US, Israel war on Iran

WHO warns of toxic ‘black rain’ in Iran after strikes on oil facilities

There have been reports of oil-laden rain, and a ‘massive’ amount of hydrocarbons and other compounds have been released into the air.

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Ukraine war

Russia, Ukraine both claim frontline success while US-led talks on hold

Washington is now focusing on the Iran war, drawing the spotlight from Ukraine’s four-year fight to see off Russia’s bigger army.

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European Union

EU eyes nuclear energy again as oil prices soar amid Iran war

It was ‘a mistake’ to turn away from ‘a reliable, affordable source of low-emission power’, says EU chief, amid new funding - and protesters.

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A motorist fills up his car at a petrol station in France on Monday. Photo: AFP
The Philippines

Philippines’ fuel shock exposes limits of deregulated oil market

Consumer groups say households are left to absorb rising costs as the government rolls out conservation measures and considers fuel tax relief.

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Protesters hold slogans that read “Junk the oil deregulation law” during a rally against the recent big oil price increase on Tuesday outside a petrol station in Quezon City, the Philippines. Photo: AP
China trade

China’s oil-import surge seen shielding economy with 120-day buffer

Crude volumes rose sharply in January and February as Beijing amassed reserves, pre-empting Mideast risks, and analysts say it provides a strong buffer for global supply disruptions.

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US, Israel war on Iran

Asia sees violence, fuel rationing, queues as energy crunch over war hits

In Bangladesh a man was killed and the military has been deployed, while lines have formed elsewhere too, as many nations rely on imports.

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