News & Map

Oil price falls back to $114 as traders remain focused on Middle East conflict

International benchmark eases after soaring to $117 late last week

October Strait Of Hormuz Attacks: 28 incidents hit over 30 supertankers; data shows record spike

October 2026 has been identified as the most perilous month for commercial shipping in the Strait of Hormuz, with a stag...

Fire breaks out at Hong Kong’s Shek Kwu Chau waste-to-energy plant

A fire broke out on Monday at Hong Kong’s waste-to-energy incinerator on an artificial island off Shek Kwu Chau. The bla...

Seatrium rakes in millions with Keppel’s RigCo to revive four stranded rigs

Keppel’s RigCo has enlisted Seatrium to finish construction of four premium offshore rigs in a deal worth over S$500 mil...

Singapore to store Saudi oil in rock caverns

Agreement with Saudi Aramco aims to secure energy supplies for south-east Asia amid Middle East war disruption

Singapore to store Saudi oil in rock caverns

Agreement with Saudi Aramco aims to secure energy supplies for south-east Asia amid Middle East war disruption

Hong Kong positioned as green gateway for belt and road firms: John Lee

Hong Kong is well positioned to help companies deploy green services and technologies across belt and road countries, th...

Oil price falls on Qatari mediation push

Brent tumbles more than $2 a barrel after hitting $117 on Friday amid fears of escalation in Middle East conflict

Oil Prices Dip but Hold Above $100 as Middle East Supply Threats Mount

Crude oil prices began trading with a dip this week but remain significantly elevated as hostilities between Yemen’s Hou...

Oil Prices Dip but Hold Above $100 as Middle East Supply Threats Mount

Crude oil prices began trading with a dip this week but remain significantly elevated as hostilities between Yemen’s Hou...

Samsung SDI wins 1 GWh US energy storage deal

Samsung SDI has secured a 1-gigawatt-hour energy storage system supply deal with US power developer Alpha Omega Power, b...

IGU's Ydreos on Energy Demand Driven by Data Centers

Mel Ydreos, Secretary General of the International Gas Union, says data centers have emerged as a new driver of global g...

Cooperation with Russia helps to bolster energy security — Iran’s top diplomat

Among the most important areas of cooperation between Moscow and Tehran, Abbas Araghchi named possible investments by Ru...

Oil slides over 2% as traders weigh Saudi attack risks, demand destruction

Oil prices fell as investors weighed the threat of further attacks on Saudi Arabian energy infrastructure against concer...

How purchases of sanctioned Iranian jet fuel were disguised by Myanmar 

The US in 2023 imposed targeted sanctions on Myanmar’s jet-fuel industry.

Indonesia Reduces Gas Supply to Singapore, Citing Domestic Energy Needs

Energy Minister Bahlil Lahadalia said last week that Jakarta would prioritize its own needs, and might cut off supplies ...

Nigeria: Era of Holding Nigeria's Oil, Gas Assets As Souvenirs Over - Govt

[This Day] The federal government has declared an end to the era of oil companies holding petroleum assets without devel...

Nigeria: 7-Month Petrol Stock Shortfall Sparks Year-End Supply Concern

[Leadership] Nigeria's petrol stock cover has remained below the 30-day safety benchmark for seven consecutive months, r...

Mozambique: Dingsheng Minerals May Resume Operations Very Soon

[AIM] Maputo -- The Chinese-owned company Dingsheng Minerals, which mines heavy mineral sands, in Chibuto district, in t...

Houthis say they attacked East-West oil pumping stations; No Saudi confirmation

Oct 26 (Reuters) - The Iran-aligned Houthi group in Yemen said on Monday it had attacked Saudi Arabia's East-West crude ...

Houthis say they attacked Saudi oil pumping stations, Riyadh airport as fighting intensifies

Oct 26 (Reuters) - Yemen's Iran-aligned Houthis said on Monday they had attacked Saudi Arabia's East-West crude oil pump...

US visits to China decline, Turkish rare earth deposit: 5 weekend reads you missed

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond....

Saudi Arabia’s Singapore plan: How Riyadh aims to protect Asian oil supplies from 2027

Saudi Arabia is set to store crude oil in Singapore starting in the second half of 2027. This arrangement aims to enhanc...

US military says it helped Gulf states export 1.5 billion barrels of oil

US Central Command says more than 3,000 commercial vessels have transited the Strait of Hormuz with its support.

Protests in Europe stem from instability on energy markets — Iranian top diplomat

Abbas Araghchi noted that military action against Iran has led to the closure of the Strait of Hormuz and the disruption...

Tibetan river hosting world’s biggest dam is facing increasing flood risk: study

Chinese researchers have found that the Yarlung Tsangpo River – soon to host the largest mega dam in the world – may fac...

PNG parliament passes four LNG bills unanimously, clearing a step toward $14.5 billion project

PAPUA New Guinea’s parliament has unanimously passed four legislative amendments tied to the Papua LNG project, a step P...

Taipower fuel costs to increase amid tensions

Algeria Votes to Send Troops to Protect Niger’s Oil Facilities

Algerian lawmakers approved sending troops to protect oil facilities in neighboring Niger, as the North African OPEC mem...

Asia Is Building the World’s Next $15 Trillion Energy Market

The global energy transition is increasingly becoming an Asian story, and Asia is unlikely to follow the path envisioned...

Oil Prices Rise Despite Middle East Export Recovery

Reports about recovering oil flows in the Persian Gulf and the Red Sea have dominated headlines over the past couple of ...

US Equity Futures Climb as Crude Oil Price Dips: Markets Wrap

US stock futures advanced and crude oil retreated as traders weighed the latest geopolitical developments over Iran and ...

Latest Oil Market News and Analysis for Oct. 26

Oil edged lower from a six-month high, even as US President Donald Trump signaled he was prepared to resume attacks on I...

Cabinet split emerges over controversial Rosebank oilfield decision

Chancellor is in favour the North Sea project, but energy secretary has said she is leaning towards rejecting itA cabine...

US says helped Gulf nations export 1.5 bn barrels of oil through Hormuz

US says helped Gulf nations export 1.5 bn barrels of oil through Hormuz US Central Command on Sunday said it helped Gulf...

Trump gears up for Iran escalation after US polls; Tehran says position unchanged

US President Donald Trump has signaled potential military action against Iran following the upcoming midterm elections. ...

Live: Wall Street retreats as oil prices continue to rise, ASX set to slip

Oil prices have jumped, putting downward pressure on global stock markets, including the ASX. Follow the day's events an...

Russia may help Iran reduce dependence on southern ports — senior Iranian diplomat

Hamid Ghanbari said that Russia could become a supplier of essential goods

Britain's Renewable Energy Boom Is Hitting a Grid Bottleneck

The United Kingdom has invested heavily in expanding its renewable energy capacity in recent years to reduce its depende...

Trump describes diesel deal with Russia as very good

They didn't give us oil; they gave the oil to the world, said US President