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Energy crisis

AI has potential to lift global growth by half a percentage point annually: IMF chief

IMF managing director Kristalina Georgieva (right) at an Oct 7 fireside discussion with President Tharman Shanmugaratnam and moderator and economics professor Danny Quah.
IMF managing director Kristalina Georgieva (right) at an Oct 7 fireside discussion with President Tharman Shanmugaratnam and moderator and economics professor Danny Quah.

In interview, US Vice-President Vance says Iran must cut enrichment to end war

said any agreement would require Iran to reduce its nuclear enrichment capacity, rather than offer assurances of future nuclear drawdowns.
said any agreement would require Iran to reduce its nuclear enrichment capacity, rather than offer assurances of future nuclear drawdowns.

325 million barrels of oil from strategic reserves released, says International Energy Agency

The update came a day after G-7 countries, in coordination with the IEA, agreed to immediately release 100 million barrels of diesel and crude oil to ease global energy supply concerns caused by fallout from the US-Iran war.
The update came a day after G-7 countries, in coordination with the IEA, agreed to immediately release 100 million barrels of diesel and crude oil to ease global energy supply concerns caused by fallout from the US-Iran war.

Singapore electricity retailers up offerings to meet higher demand amid Middle East conflict

The proportion of households on fixed-price plans increased between Feb 1 and Sept 1, from around 36.6% to 38.4%.
The proportion of households on fixed-price plans increased between Feb 1 and Sept 1, from around 36.6% to 38.4%.

askST

Spot electricity prices have hit a 2026 high. Will this raise my household bill?

The Uniform Singapore Energy Price (USEP), a measure of the wholesale cost of electricity taken half-hourly, rose to the highest levels seen in 2026 in recent weeks.
The Uniform Singapore Energy Price (USEP), a measure of the wholesale cost of electricity taken half-hourly, rose to the highest levels seen in 2026 in recent weeks.

Solar investments saved Singapore $123.8m in higher fossil fuel import costs: Report

Nearly all of the savings came from avoided gas imports, according to the Finland-based Centre for Research on Energy and Clean Air report published in late-August.
Nearly all of the savings came from avoided gas imports, according to the Finland-based Centre for Research on Energy and Clean Air report published in late-August.

A $9.4 billion fuel bill sees developing Asian nations sour on LNG

Qatari shipments of LNG through the Strait of Hormuz have all but dried up since the conflict started at the end of February. 
Qatari shipments of LNG through the Strait of Hormuz have all but dried up since the conflict started at the end of February. 

Cuba denounces ‘record’ economic damage from US embargo

Cuba’s Foreign Minister Bruno Rodriguez says the country is willing to continue engaging in dialogue ‘despite the lack of progress’ and ‘lack of willingness’ on the part of the US.
Cuba’s Foreign Minister Bruno Rodriguez says the country is willing to continue engaging in dialogue ‘despite the lack of progress’ and ‘lack of willingness’ on the part of the US.

Thailand to shift from LNG towards renewables in wake of Iran war

Thailand aims to generate 60% of its electricity from clean energy sources like solar, wind and hydro in 25 years.
Thailand aims to generate 60% of its electricity from clean energy sources like solar, wind and hydro in 25 years.

Putin, Trump just gave Japan more reasons to go nuclear

Russian leader Vladimir Putin visiting a fish processing plant on Iturup, one of the islands that Japan also claims as its territory.
Russian leader Vladimir Putin visiting a fish processing plant on Iturup, one of the islands that Japan also claims as its territory.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.