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Energy

Energy
The latest news, analysis and opinion on Energy. In-depth analysis, industry insights and expert opinion.
Supermarket shoppers in Chicago, the US earlier this month. Photo: Getty Images via AFP
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

China energy security

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

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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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An aerial drone photo taken on May 19 shows a nickel-metal hydride energy storage demonstration project in Tongxin county, northwest China’s Ningxia Hui autonomous region. Photo: Xinhua
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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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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China manufacturing

China told the solar industry to cut capacity. Firms built new factories anyway

Beijing has been striving to rein in severe overcapacity in the solar industry. But the sector is still plagued by illegal facilities, an insider says.

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Chinese workers prepare panels that will be part of a large floating solar farm project in the central Anhui province. Photo: Getty Images
International Monetary Fund (IMF)

27 countries seek access to World Bank funds since Iran war

An analyst says nations prefer the World Bank over the International Monetary Fund for help, due to the IMF’s austerity measures.

A man sits among buildings destroyed in Tehran in a joint attack by Israel and the United States on April 6. Photo: Getty Images
China-Russia relations

Putin left China, with no pipeline deal. Why is the valve still closed?

Though this week’s China-Russia summit featured many agreements, none progressed the long-delayed Power of Siberia 2 natural gas pipeline.

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Canada

PM Carney says Alberta ‘essential’ to Canada, as separatist push advances

Premier Danielle Smith plans to hold a vote that will bring the oil-rich province closer to a referendum on independence.

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India

India’s US$9 billion island megaport sharpens China’s ‘Malacca dilemma’

When completed, the Great Nicobar project would allow India to monitor activities near the Strait of Malacca, a key trade corridor for China.

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A coastline at Campbell Bay in Great Nicobar Island. India is planning a US$9 billion megaport, airport and city on the remote island. Photo: AFP
Banking & finance

AIIB launches US$10 billion facility to help nations hit by Iran war fallout

The new facility will help nations deal with urgent energy, food and economic resilience needs, according to the bank.

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Diplomacy

Editorial | Xi-Putin summit is no less important than Xi-Trump talks

China does not see a stabilised relationship with Russia only as leverage against the US but as positive for world stability and peace.

War and conflict

Opinion | Not even a quick end to Iran war can save AI stock bubble now

Rising prices are draining the liquidity from financial markets, including bonds. The AI stock bubble is ripe for bursting.

Vessels at anchor in the Strait of Hormuz off Bandar Abbas in southern Iran on May 4. Photo: ISNA/AFP
US, Israel war on Iran

US voices hope for Iran deal as Pakistan mediator seeks breakthrough

With Trump warning of renewed strikes, Pakistan’s army chief is expected in Tehran for ‘talks and consultations’.

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Pedestrians in downtown Tehran walk past a mural depicting a US aircraft carrier under missile attack. Photo: AP
China-Russia relations

China and Russia unite on world order, but Putin departs without concrete gains

Analysts say Beijing’s position in managing three-way ties appears to be strengthened after hosting Donald Trump and Vladimir Putin.

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China energy security

As Chinese supertankers cross Strait of Hormuz, is the crisis starting to ease?

Two Chinese tankers were among group of vessels transiting vital waterway on Wednesday, but was it a one-off or the start of a new trend?

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United States

US jobless claims fall as lay-offs remain low despite economic uncertainty

Despite historically low lay-offs, the labour market appears to be stuck in what economists call a ‘low-hire, low-fire’ state.

Workers climb down from a building during a heat advisory on Tuesday in New York. Photo: AP
China technology

AI gives China ‘God’s-eye view’ of green sector as data-centre demand booms

Alibaba and Peking University map nation’s extensive green-energy sites – a move that could help stabilise national grid amid surge in computing-power needs.

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Rows of solar panels are seen at a photovoltaic farm in Datong, China. Photo: AP
China-Russia relations

China-Russia joint statement on Xi-Putin summit

The two countries issued a statement following this week’s meeting in Beijing between Chinese President Xi Jinping and Russian President Vladimir Putin.

US, Israel war on Iran

Trump says Iran talks are nearing an end but warns of more strikes

As a fragile ceasefire enters its seventh week, Tehran and Washington remain in indirect talks while tensions roil oil markets.

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