The Business Times
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Energy & Commodities

Energy & Commodities

ExxonMobil said to consider sale of Hong Kong gas stations

[HONG KONG] ExxonMobil is exploring a sale of its gasoline station network in Hong Kong, according to people familiar with the matter, as the US oil and gas giant continues to trim its retail footprin...

The sell-off came after CATL’s Hong Kong-listed shares had surged 166% to HK$699 on Tuesday.
Energy & Commodities

Sinopec unit sells CATL shares for US$770 million amid EV battery stock surge

The 8.5 million shares sold represent about 5.5% of EV battery makers’ Hong Kong shares in issue

Higher structural demand over time from the energy sector could be “net supportive” of the company’s performance.
Energy & Commodities

Bumitama Agri net positive on oil hikes as palm oil prices move in tandem with crude

Palm oil is a key feedstock in biofuel, whose demand tends to rise when crude oil prices surge

Gold has lost more than 10% since the conflict began but in recent weeks has moved within a relatively narrow range.
Energy & Commodities

Gold steadies as Trump extends Iran ceasefire, peace talks stall

Now in its eighth week, the war has triggered an unprecedented energy-supply shock that has heightened inflationary risks

Pacific nations are particularly vulnerable as fuel imports are worth between 8 per cent and 11 per cent of GDP in many countries.
International

Tiny Pacific nations face tough choices on food, fuel posed by Iran war

[WELLINGTON] Far-flung Pacific nations are reeling from the impact of a global fuel crisis as authorities scramble to manage energy supplies while families must grapple with fuel curbs and higher cost...

Brent futures rose US$3, or 3.1 per cent, to settle at US$98.48 a barrel on Tuesday.
Energy & Commodities

Oil prices climb 3% with Iran undecided whether to attend peace talks with US  

[NEW YORK] Oil prices climbed about 3 per cent on Tuesday after Iran said it had yet to decide whether to attend peace talks with the United States, with one day left before the ceasefire runs out in ...

Brent crude futures settled US$5.10, or 5.64 per cent, higher to US$95.48 a barrel on Monday.
Energy & Commodities

Oil falls on expectations US-Iran peace talks likely to proceed and lead to more supply

Investors are focused on whether talks this week will result in an extension of the existing ceasefire or a final agreement

Compared with other transactions, CATL’s latest sale attracted relatively strong interest.
Energy & Commodities

CATL share sale’s tightening discount shows China tech momentum

The inquiry‑based sale of 58 million shares, or 1.27% of CATL’s total shares

China is already the world’s top producer and in recent years, has been exporting its excess.
Energy & Commodities

China’s aluminium output fuelled by Middle East’s stranded cargoes

The war in the Persian Gulf is driving more alumina to the Asian nation

Singapore, which relies on gas to generate 95 per cent of its electricity, has been importing increasing volumes of LNG.
Energy & Commodities

Singapore GasCo secures extra LNG cargoes as Iran war hits supply, eyes long-term deals amid volatility

Singapore has received spot cargoes from Australia and Mozambique since the war began, Kpler data shows

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