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Oil and gas sector

Hundreds of ships drop anchor in Gulf water as Iran war escalates

Tankers are clustered in open waters off the coasts of major Gulf oil producers, according to shipping data.
Tankers are clustered in open waters off the coasts of major Gulf oil producers, according to shipping data.

OPEC+ hikes oil production by more than expected following outbreak of Iran war

Oil prices may spike if Iran starts targetting ships passing through the strategic Strait of Hormuz, analysts warn.
Oil prices may spike if Iran starts targetting ships passing through the strategic Strait of Hormuz, analysts warn.

Singapore on inflation alert as Gulf conflict threatens oil and gas price surge

Experts say that the impact on petrol and electricity prices and overall inflation in Singapore will be felt only if the conflict extends beyond a week or two.
Experts say that the impact on petrol and electricity prices and overall inflation in Singapore will be felt only if the conflict extends beyond a week or two.

Shipping traffic through Strait of Hormuz plummets after attacks on Iran

The ship-tracking platform MarineTraffic showed a 70 per cent drop in vessel traffic through the Strait of Hormuz, as of late evening in Iran.
The ship-tracking platform MarineTraffic showed a 70 per cent drop in vessel traffic through the Strait of Hormuz, as of late evening in Iran.

How strikes on Iran put focus on the Strait of Hormuz

A motorboat cruises along off the town of Al Jeer on the Strait of Hormuz, with a tanker in the background, on Feb 25.
A motorboat cruises along off the town of Al Jeer on the Strait of Hormuz, with a tanker in the background, on Feb 25.

Power drought tips Ukraine’s economy into worst crisis since war’s first year

FILE PHOTO: Water vapour rises from residential buildings' autonomous heating systems during a power blackout and freezing temperatures, after critical civil infrastructure was hit by recent Russian missile and drone attacks, amid Russia's attack on Ukraine, in Kyiv, Ukraine January 19, 2026. REUTERS/Vladyslav Sodel/File Photo
FILE PHOTO: Water vapour rises from residential buildings' autonomous heating systems during a power blackout and freezing temperatures, after critical civil infrastructure was hit by recent Russian missile and drone attacks, amid Russia's attack on Ukraine, in Kyiv, Ukraine January 19, 2026. REUTERS/Vladyslav Sodel/File Photo

Ukraine accuses Hungary, Slovakia of ‘blackmail’ over threats to cut electricity

Slovakia and Hungary say Ukraine is to blame for the prolonged outage.
Slovakia and Hungary say Ukraine is to blame for the prolonged outage.

Hungary threatens to block Ukraine aid over oil row

 Hungary's Prime Minister Viktor Orban reacts as he arrives to attend the European Council meeting in Brussels on Dec 18, 2025.
 Hungary's Prime Minister Viktor Orban reacts as he arrives to attend the European Council meeting in Brussels on Dec 18, 2025.

In fuel-starved Cuba, the e-tricycle is king

People line up to board an electric tricycle on a street in Havana, on Feb 13.
People line up to board an electric tricycle on a street in Havana, on Feb 13.

US forces board second sanctioned oil tanker in Indian Ocean

US forces board the vessel Veronica III, which according to the US Department of Defence had tried to defy US President Donald Trump's quarantine.
US forces board the vessel Veronica III, which according to the US Department of Defence had tried to defy US President Donald Trump's quarantine.

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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.