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Energy

Energy
The latest news, analysis and opinion on Energy. In-depth analysis, industry insights and expert opinion.
Customers check out products at a retail store in Kochi, India. Photo: Reuters
Middle East

Asia-Pacific to lead global retail sales, weather Middle East conflict

The region is projected to contribute to two-thirds of global new retail sales over the next five years, fuelled by e-commerce.

China-Latin America relations

China says US ‘invented’ terrorism charges to justify Cuba blockade

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Science

Why wind and solar power is going to ‘waste’ in China in the global energy crisis

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Malaysia

Malaysia taps Hong Kong battery firm to power ambitions for electricity grid

The deal will help tackle solar storage challenges and comes as Malaysia prepares to roll out its first major grid-scale battery procurement.

Syed Mohd Hafiz Syed Mohd of Mikro MSC Berhad (left) shakes hands with William Wang, vice-president of Hong Kong Cospower Technology, in the presence of Malaysia’s Deputy Prime Minister Fadillah Yusof during the signing of a strategic partnership to support Malaysia’s energy transition on Wednesday. Photo: Handout
China energy security

Global oil stockpiles could fall to ‘critical levels’ by summer, IEA warns

Even China’s inventories are now starting to decline, with Gulf oil supplies likely to take months to recover even if a peace deal is agreed.

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The Philippines

Philippines’ Marcos gets worst rating of his presidency so far. Here’s why

A net satisfaction rating of minus 15 marks the worst showing of Ferdinand Marcos Jnr’s presidency so far.

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US, Israel war on Iran

Letters | Asia can’t wait for the US to lift its naval blockade on Iran

Readers discuss how to make the blockade costly for Washington, the Power of Siberia 2 pipeline, and the success of a grass-roots film.

Life goes on around a shopping arcade in Tehran on May 31. Washington’s strategy rests on a Western fantasy: that a heavily sanctioned authoritarian state will simply collapse quietly. History says otherwise. Photo: AFP
Malaysia

Why oil-hungry Asia ignores risks linked to Russia’s ‘dark fleet’

Asia prioritises fuel needs over security risks from Russian oil to survive the energy crisis, despite sanctions and diplomatic dilemmas.

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US, Israel war on Iran

Oil prices rally on Hormuz talks but will Asia’s energy woes ease?

Analysts say recovery ‘will take a far longer time’, with ship backlogs and damaged facilities weighing on Asia’s energy importers.

China trade

‘Unsustainable’: firms face huge spike in shipping costs amid Hormuz crisis

Shipping lines say they have no choice but to pass on steep cost rises, as the Iran war sparks a fuel crisis that could last well into next year.

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A container ship is moved into position at a port in China’s eastern Shandong province. Photo: AFP
Hong Kong economy

Impact of Middle East war on Hong Kong’s inflation limited, finance chief says

Inflation forecast raised to 2.6 per cent, but Financial Secretary Paul Chan says service-based economy and stable mainland Chinese supplies cushion impact.

Paul Chan says rising fuel prices will push up inflation, but the impact on Hong Kong remains limited. Photo: Sam Tsang
US-China relations

Opinion | US quietly plays the long game on energy dominance against China

Behind the Trump administration’s detente with Beijing lies a strategy to redirect global energy flows and disrupt Chinese competitiveness.

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Environment

Video | Are we on the verge of another nuclear age?

Industry leaders predict China will become the world’s largest nuclear power producer by 2030.

Asean

Opinion | Why the Philippines walks a delicate balance as Asean chair

Manila’s success at the helm will depend on its ability to make the Association of Southeast Asian Nations more operational than before.

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Illustration: Craig Stephens
China-EU relations

Brussels agrees on tougher China trade policy, as Beijing vows retaliation

Trade chief details why bloc needs to take stronger steps to defend itself from what is described as a new ‘China shock’ to its industries.

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European Commissioner for Trade and Economic Security Maros Sefcovic is expected to ramp up safeguard measures in sectors that are under severe pressure from Chinese overcapacity. Photo: Reuters
United States

US key inflation gauge worsens, eroding Americans’ income, spending power

Inflation of 3.8 per cent in April was the highest since May 2023 amid high petrol prices and food costs.

CATL

CATL set to boost global energy storage with world’s largest testing facility

The firm says it has completed a 3 billion yuan research facility for testing energy storage systems.

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China energy security

Stockpiles, distribution hubs: inside China’s drive to Hormuz-proof its economy

Beijing is bolstering strategic reserves and accelerating the buildout of distribution hubs, as China rushes to adapt to the Middle East crisis.

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Chinese Premier Li Qiang (second left) quizzes officials about an oil reserve facility during his trip to China’s eastern Zhejiang province earlier this week. Photo: Xinhua
China energy security

AI is testing global energy grids. China wants it to help fix the problem

Top energy firms and tech companies are being drawn into state-backed pilots to align surging computing demand with more efficient energy usage.

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HKEX

Open Questions | Charles Li on making Hong Kong a magnet for global IPOs

As HKEX CEO, Charles Li forged Stock Connect link to mainland markets. He says an ‘IPO connect’ could draw international companies to list in Hong Kong.

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China exports

Southeast Asia is building a huge regional power grid. How is China involved?

Chinese firms are integral to Southeast Asia’s green transition plan, which will see nations across the region integrate their grids, official says.

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Workers inspect a vast solar power project in western China. Photo: Xinhua
US, Israel war on Iran

Trump appears to threaten to ‘blow up’ Oman, after question on Iran and Hormuz

Asked if he would accept a deal to allow Iran and US ally Oman to control the strait, Trump said the Gulf state must ‘behave’.

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US President Donald Trump points his finger during a cabinet meeting at the White House on Wednesday. Photo: Reuters
Hong Kong economy

CLP Power to raise electricity price for third straight month in June

Hong Kong’s main power supplier increased its fuel cost charge to 42.6 HK cents per unit of electricity, up 5.4 per cent from May.

China energy security

How China could benefit as US-Iran talks raise hopes of oil sanctions relief

Beijing’s support is seen as critical to peace negotiations – and analysts believe this could push Washington to relax sanctions on Chinese oil buyers.

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Malaysia

3 killed in Malaysia after lifeboat falls into sea from Petronas floating vessel

The victims were on a lifeboat for maintenance work when an attached rope or hook came loose, causing them to spill into the sea.

A construction supervisor briefs a fellow worker during mobilisation of a work barge at Kemaman Supply Base port in Terengganu. Photo: Shutterstock
Asean

Shock absorber: will Asean’s power grid be up to the task by 2045?

With only eight of 18 links built and a 100-terawatt demand surge looming, analysts say the blueprint may need an overhaul for the AI age.

The sun sets behind power lines in San Fernando town, Pampanga province, the Philippines, last month. Photo: AFP
US, Israel war on Iran

Oil falls as US touts progress on Iran deal, reopening Hormuz

Brent prices slide over 5 per cent, even as Trump insists he will not rush into a final accord.

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India

For third time in 8 days, India raises diesel and petrol prices

Responsible consumption, public cooperation will help ensure smooth availability for all during ongoing high-demand period, government says.

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