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Energy

Energy
The latest news, analysis and opinion on Energy. In-depth analysis, industry insights and expert opinion.
Illustration: Lau Ka-kuen
2026 Xi-Trump summit

Trump and his CEOs want China’s business – but has Asia moved on?

The US delegation went to Beijing looking for deals, but a ‘super cycle’ of capital expenditures across Asia is already fuelling enormous growth.

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Canada

Canada takes key step towards new oil pipeline to serve Asia markets

China exports

Australian trade minister to visit China to secure fuel during Iran war crunch

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Britain

Turning over a new leaf: why UK’s green mandate is a win for Asia

The Green Party’s record-breaking gains in UK council elections are a sign voters are taking climate change seriously, analysts say.

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Members of the Green Party celebrate a win in Bellingham in south London on May 9. Photo: EPA
Americas and the Caribbean

CIA chief makes rare Cuba visit as island runs out of oil

Meeting in Havana comes as tensions between the two sides remain high over the US energy blockade.

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Banking & finance

China’s credit demand weak in April despite policy support, strong industry

Lending growth slows as borrowing demand from households and businesses remains weak.

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Hong Kong economy

Opinion | Hong Kong’s economic figures look good but business unease is rising

Hong Kong’s economic recovery is intact, but it would be folly to ignore the rising prices and uncertainty flowing from the Middle East.

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A question mark-shaped sign hangs in the air as people shop around a mall in Kowloon Tong on April 21. Photo: Sam Tsang
Electric & new energy vehicles

Oil shock fuels BEVs to 9 of top 10 in sales, with China brands overtaking Tesla

Battery EVs take nine of top 10 sales spots amid surging oil prices, giving local brands the edge and pushing Tesla down April charts.

China trade

Asia needs ‘institutional toolbox’ to survive global shocks, China experts warn

Ahead of Trump’s China visit, experts at an RCEP forum discuss a supply-chain overhaul, looking to insulate the world’s biggest trading bloc.

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India

Indian travel firms fear further squeeze as Modi calls for holiday restraint

Inflationary pressure from rising fuel prices has already knocked down summer travel inquiries by as much as 15 per cent.

People look at a screen displaying flight information at the Indira Gandhi International airport in New Delhi on March 3. Photo: Reuters
United States

US consumer inflation jumps as Iran war sends energy prices higher

Inflation had been dropping more or less steadily since peaking with a 9.1 per cent year-over-year spike in prices in June 2022.

A shopper in Colorado state in the US. Photo: AP
Japan

Oil crunch drains colour from 1 of Japan’s favourite snacks

Calbee says it is using monochrome designs for some of its products, as the Iran war has caused a shortage of naphtha used in packaging.

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Diplomacy

Opinion | Latin America is reassessing the benefits of warm ties with Beijing

From Honduras to Cuba and Venezuela, leaders are taking a more transactional view of what relations with Beijing really bring.

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Malaysia

Malaysia’s fuel subsidy headache leaves Anwar ‘scrambling for solution’

The government will review fuel subsidies for higher-income Malaysians but has yet to decide how the cut-off should be applied, Anwar says.

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A man fills his towing lorry with diesel at a petrol station in Shah Alam, Malaysia, on May 4. Photo: EPA
Middle East

Opinion | The problem no one is naming as the UAE dramatically exits Opec

The fighting over oil production quotas was the symptom. Security realignment is the disease.

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Plumes of smoke rise from an oil facility in Fujairah, United Arab Emirates, on March 14. Photo: AP
South Korea

‘Unidentified aircraft’ hit Korean cargo ship in Hormuz on Monday: Seoul

Iran has denied responsibility for the attack, with its embassy in Seoul stating that it rejects and denies any allegations of involvement.

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Americas and the Caribbean

EVs surge in Bolivia amid fuel shortages, ‘junk gas’ scandal

The number of electric vehicles in Bolivia climbed from 500 to 3,352 in the last five years, and is set to triple again as broad appeal rises.

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China-Philippines relations

Asian Angle | 3 reasons Marcos’ South China Sea energy gambit won’t work

The Philippine president has mooted the idea of joint oil and gas development. China is willing, but history shows this road leads nowhere.

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An aerial drone photo shows China’s Deep Sea No 1 energy station in the South China Sea off Hainan province in April last year. Photo: China National Offshore Oil Corporation/Xinhua
US, Israel war on Iran

US-Iran war no closer to ending as Gulf clashes flare

Recent days have seen the biggest flare-ups in fighting in and around the Strait of Hormuz since a ceasefire began a month ago.

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Artificial intelligence

Beijing pushes AI data centres to adopt green energy under action plan

The document proposes a total of 29 measures to improve the integration of green power and AI.

US, Israel war on Iran

Opinion | Trump’s threats against Iran are historically illiterate

The US president’s threats to end Iranian civilisation expose his ignorance of the country’s long history.

Iranian women visit the ruins of Persepolis, ceremonial capital of the ancient Achaemenid empire of Persia, near Shiraz in Iran. Photo: AFP
South Korea

South Korea draws Gulf oil storage interest as Hormuz stays closed

Saudi Arabia, Kuwait and the UAE are among major oil producers looking to South Korea’s underground storage facilities, officials say.

Oil storage tanks at the Daesan petrochemical complex in Seosan, South Korea. Most of the country’s “oil reserve base” storage facilities have been built underground. Photo: Reuters
China energy security

China’s shipping firms brace for a new ‘era of chaos’ as Iran war drags on

Chinese shipping giants are signing long contracts and rejigging their networks, as they hedge against prolonged disruptions to global trade routes.

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China stock market

AI power gap fuels Weichai, GE Vernova shares as generator demand surges

AI’s explosive growth is triggering a global power crisis, as data centres deploy backup generators amid soaring electricity demand.

Asean

Asean’s pivot to energy security leaves long-standing issues on summit sidelines

Southeast Asia is one of the worst affected by the global fuel crisis due to its high imports of oil and gas coming from the Gulf.

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Philippine President Ferdinand Marcos Jnr delivers an opening speech at the Asean summit in Cebu on Friday. Photo: Reuters
China-Latin America relations

US targets Cuba nickel operation in move affecting China-linked supply chains

Marco Rubio revealed sanctions on Thursday, escalating Trump administration’s pressure campaign against Havana’s military-controlled economy.

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US Secretary of State Marco Rubio announced sanctions on Thursday against Moa Nickel SA, a joint venture between Sherritt International and Cuba’s state-owned General Nickel Company. Photo: Xinhua
Science

Will Iran war threaten next harvest? Which countries are most at risk?

As the Hormuz blockade cuts off vital agricultural inputs, Food and Agriculture Organization official views China as key food security partner.

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China economy

Opinion | China wants its provinces to compete, but not get in each other’s way

Beijing wants provinces to compete, but not across identical wish lists. Whether that works will become visible over the next five years.

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