Oil and gas

With refineries and crackers under pressure, manufacturers are set to feel more strain in feedstock supply.
BT EXPLAINS

In charts: Singapore’s energy and chemicals sector in focus as Middle East conflict escalates

The sector’s green pivot could help it be less vulnerable to oil and gas disruptions in the long term

The war has led to producing giants lowering their output and the effective closure of the Strait of Hormuz, the oil market’s most important trade artery.

G7 ready to release oil stocks if needed but ‘not there yet’

Coordinated releases of strategic stockpiles have been carried out only five times before

The global benchmark Brent crude surged to reach US$119.5 per barrel in early trading on Monday.

From Shell to Singapore Airlines: the potential winners and losers as volatile oil prices hover under US$100

Transport companies’ profit margins take a hit while developed and emerging markets in Asia-Pacific face spillovers

Buyers in Asia’s developed countries, which can pass down costs to consumers, have been busy buying shipments for April onward.

Queues, price hikes and shortages as Asia battles fuel crunch

Disarray has been spreading after just days of war, and for many, the risks are rising

Iran has threatened to strike vessels seeking to transit the waterway, fuelling a surge in prices for oil and other fuels.

US launches US$20 billion reinsurance plan to ease Gulf oil trade

The strait carries about a fifth of global oil flows, as well as gas, fertiliser and other products

Asia sources 60% of oil, petrochemical feedstock from Middle East.
NEWS ANALYSIS

Asia has limited options to diversify from Middle East energy reliance

Distance, refinery logistics, contracts and cost are factors

The building blocks of the technology industry are deeply dependent on petroleum flowing through the Strait of Hormuz.

Hormuz is the hidden risk to the AI economy

The current geopolitical emergency shows that chip-producing South Korea and Taiwan need to increase the use of renewables

The disruption threatens to sever seaborne energy trade between some of the world’s largest producers and key consuming nations, heightening risks for global markets.

Shippers and oil traders seek details on Trump’s convoy plan

Multiple attacks on vessels in recent days have choked off traffic through the narrow waterway