Oil and gas sector

Oil rises on Iran war uncertainty after Trump’s Republicans are routed in midterms

Vote counting was underway in the US midterm elections, with Democrats snaring majorities in both houses of Congress for the rest of Trump’s second term.

Oil rises after report of US strike on Iran’s Qeshm Island

Earlier, US and Iran signalled that diplomatic talks are continuing.

ExxonMobil urged to rethink Papua New Guinea gas project

US-based energy giant ExxonMobil struck a deal in October to take control of Papua LNG, which aims to tap into massive gas fields in Papua New Guinea.

Houthis repeat threats against Saudi oil giant, aviation

Smoke rising from a position of Saudi-backed Yemeni forces during a Houthi offensive in northern Yemen’s Al-Jawf province.

OPEC+ keeps December oil output targets steady ahead of tougher call for 2027

While Gulf members have been boosting exports that have been disrupted for months by US-Iran war, most are still pumping well below their targets.

Big Oil scores US$56b windfall on war-driven refining spike

Shell and four other oil companies all surpassed third-quarter estimates, driven by an unprecedented fuel-supply crisis.

S’pore says LNG traded by local firms usually shipped directly, following Indonesian minister’s remarks

Energy and Mineral Resources Minister Bahlil Lahadalia (centre) told reporters in Jakarta on Oct 26, 2026, that Indonesia has not breached any contract in its gas deal with Singapore.

TotalEnergies profit hits record on high oil prices

TotalEnergies said the surge in profits would be reflected in a higher dividend for shareholders.

Shell reports second-highest profit ever as oil refining hits record

Adjusted net income surged to US$10.8 billion (S$13.8 billion) in Q3, the London-based major said on Oct 29.

Oil declines as traders parse signs of fresh diplomacy on Iran

Iran said it will continue giving diplomacy a chance while US President Donald Trump said negotiations were taking place through mediators.

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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.