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The latest news, analysis and opinion on Energy. In-depth analysis, industry insights and expert opinion.
The Thai cargo ship Mayuree Naree was struck and set ablaze in the Strait of Hormuz on Wednesday. Photo: Royal Thai Navy via AP
US, Israel war on Iran

Iran warns of oil at US$200 a barrel, IEA to release emergency reserves

Tehran says it is ready for a long war of attrition that will ‘destroy’ the world economy, as it threatens ships in the Strait of Hormuz.

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US, Israel war on Iran

Iran war threatens prolonged energy shock, slower growth for Asia

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Germany

Germany, Japan to unblock oil reserves as G7 stands ‘ready’ to act

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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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A woman walks past a petrol station in Tokyo. Photo: AFP
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.

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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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.

CATL shares surged 9 per cent on Wednesday, following another 9 per cent gain the previous day. Photo: AFP
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.

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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An explosion erupts following strikes near Azadi Tower in Tehran on Saturday. Photo: AFP
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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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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A crude oil tanker is guided to a berth at a terminal in China’s Shandong province on Saturday. Photo: AFP
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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Middle East

Letters | Iran war has underlined benefits of China’s ‘energy realism’ approach

Readers discuss the energy implications of the most recent conflict in the Middle East, and the strategic adaptations taking place.

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Hong Kong stock market

Hong Kong stocks rebound after oil falls as Trump says Iran war could end soon

US objectives in Iran are ‘pretty well complete’ but the war could continue if Tehran attempted to stop global oil supplies, Trump says.

US President Donald Trump on Monday threatened a larger attack on Iran if it blocks supplies of oil. Photo: AFP
Donald Trump

Video | Donald Trump says US ‘very close to finishing’ objectives in Iran

The US president also claimed the operation in Iran is for ‘places like China’ and he had a ‘good relationship’ with Chinese President Xi Jinping.

South Korea

South Korea pulls rare move in bid to shield residents from Iran oil shock

As a nation that imports nearly every drop of oil it consumes, South Korea is hitting the panic button to shield citizens from rising prices.

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US-China trade war

US to counter China’s critical minerals dominance with innovative upgrades

New improvements in recycling electronic waste, refining and processing can close the gap on China, says Department of Energy official.

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Critical minerals have become a point of contention in the US-China relationship, with Beijing dominating the sector. Photo: Reuters
US, Israel war on Iran

Ships brandish China links to evade Iran’s attacks in Strait of Hormuz

Vessels are claiming to have an ‘all-Chinese crew’ or ‘Chinese owner’ in a bid to reduce the risk of being targeted.

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Ships sit anchored in Muscat, Oman, on Monday, as Iran vows to close the Strait of Hormuz. Photo: Reuters
China energy security

China vows to stabilise oil and gas output in new 5-year plan amid global risks

Amid Mideast instability and US$100 oil, China is mapping out strategic production bases, underpinning long-term energy security.

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CATL

China’s CATL profit surges 42% as global market share soars to all-time high

Surging demand solidifies CATL’s position as world’s top EV battery manufacturer for ninth consecutive year.

War and conflict

Opinion | Superpower contest puts Iran, Panama, Venezuela and Greenland on one map

When one crisis touches canal access, another hits crude and a third touches the Strait of Hormuz, it is hard to call these a coincidence.

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US Defence Secretary Pete Hegseth and the chairman of the Joint Chiefs of Staff, General Dan Caine, speak at a press conference on US military action in Iran, at the Pentagon in Washington on March 2. Photo: AFP
US, Israel war on Iran

G7 to discuss possible emergency release of oil reserves: French president

Concern is rising about the war and Iran’s blockade of the Strait of Hormuz, through which much of the world’s energy supplies pass.

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Cars line up at a gas station in Seoul, South Korea, on Sunday as oil prices surge due to the intensifying conflict in the Middle East. Photo: EPA
India

India’s 30-day Russian oil waiver comes with a steep US price tag

Washington has granted New Delhi a brief waiver for stranded Russian crude – but expects it to ramp up American oil purchases in return.

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Iran

Video | Iran war sparks fuel crises in parts of Asia

Bangladesh, Pakistan, Myanmar and Indonesia among the countries facing fuel shortages.

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