Oil and gas sector

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.

European gas prices hit 100 euros for first time since 2022

Gas prices in Europe still remain far below the peaks of the 2022 energy crisis triggered by Russia’s invasion of Ukraine.

Philippines in talks with several countries, including Saudi Arabia, for oil storage

Philippine Energy Secretary Sharon Garin said her country is looking to build stockpiles after the US-Israeli strikes on Iran in February disrupted supplies.

Iran sees only unacceptable ideas in latest mediation to end war, official says

Iranian President Masoud Pezeshkian meeting Qatari Emir Sheikh Tamim bin Hamad Al Thani in Moscow, Russia, on Oct 27.

Sea freight, postal service providers in S’pore charging more after Middle East conflict: SingStat

The price increases were particularly pronounced in the sea freight transport, freight forwarding, and postal and courier segments.

Vietnam considering cutting petrol tax, electricity prices

A motorist drives her motorbike on a bridge that runs over the Red River in Hanoi on Oct 23.

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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.