Oil and gas sector

Electricity tariff for S’pore households to fall by 10.4% in 4th quarter of 2026

The tariffs are determined based on gas prices in the first 2½ months of the preceding quarter.

Oil prices climb on continued impasse in US-Iran talks

Gas prices have increased significantly since the war began, raising the cost for drivers by more than 50%.

Trump rejects Iran’s proposal to open Strait of Hormuz and end fighting

US President Donald Trump speaking to members of the media as he leaves the White House to board Marine One on Sept 26.

Saudi Arabia reports fresh Houthi attacks, as France offers military support

Iran-backed Houthi militants taking part in a funeral procession in Sanaa, Yemen, on Sept 24, carrying portraits and coffins of fellow fighters killed in action.

80 countries demand reopening of Hormuz strait at UN, condemn Iran, Houthi attacks

Vessels in the Strait of Hormuz, as seen from Musandam, Oman, on Sept 23.

Oil extends rally as US-Iran deadlock keeps Hormuz shut

Fuel prices are displayed across from a US flag at a Shell station in Carson, California.

Oil holds near two-week lows on easing supply concerns

Drone attacks, which Saudi Arabia has blamed on Iraqi militia, forced the kingdom to shut its East-West pipeline on Sept 11.

Oil falls to two-week low as Gulf supply outlook improves

The Brent crude futures November contract rose US$1.14, or 1.1 per cent, to US$101.48 a barrel on Sept 22.

Saudi Arabia ramps up Gulf oil exports after pipeline attack, data shows

Fuel tanks at the fuel depot near King Khalid International Airport in Riyadh. Saudi Arabia has increased loadings from Gulf export terminals after an attack earlier this month disrupted shipments.

Oil prices slide to 11-day low on hopes of diplomacy in Iran war

The attacks by the Houthis on Saudi Aramco’s East-West pipeline have prompted the state energy firm to increase exports through the Strait of Hormuz.

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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.