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Energy

Energy
The latest news, analysis and opinion on Energy. In-depth analysis, industry insights and expert opinion.
Firefighters work at a site in Ukraine after an alleged Russian attacked energy infrastructure facilities, amid Russia’s attack on Ukraine, in an image released on September 4 and said to be taken in Odesa. Photo: State Emergency Service Of Ukraine In Odesa Region via Reuters
Ukraine war

Zelensky meets Trump, says Ukraine ready for energy truce with Russia

The US president announced such a truce last week, but Russia ‌hit petrol stations in Kyiv the next day and Ukraine bombed an oil refinery.

Donald Trump

Trump, Greenland and Denmark sign deal in bid to end Arctic stand-off

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Hong Kong economy

Hong Kong on way to securing green fuel supply to safeguard aviation hub status

Indonesia

Indonesia to continue buying Russian oil despite ‘real risk’ of US penalties

Analysts say Jakarta made the ‘right decision’ for the country’s energy security but urge dialogue with Washington to maintain transparency.

Tankers and cargo ships at the oil depot and container terminal of Tanjung Priok Port in Jakarta, Indonesia, in March. Photo: AFP
Science

China starts on the world’s first supercritical CO2 and molten salt energy plant

Ruitan demonstration project in Shandong aims to reduce energy waste and stabilise grid electricity supply.

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2026 Xi-Trump summits

Top US Democrat warns Trump not to waver on Taiwan as Xi heads to Washington

Jeanne Shaheen also said new law allowing tariffs on buyers of Russian oil ‘sends Beijing a message’ before this week’s summit in Washington.

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South Korea

South Korea steps up to plug Europe’s jet fuel deficit

South Korea is the latest large source of jet fuel shipments to Europe, exporting 129,000 barrels per day, the highest since October 2022.

Planes are parked on the tarmac at Rome’s Fiumicino airport on June 6. European airlines are monitoring higher jet fuel costs and supply concerns linked to tensions in the Middle East. Photo: Reuters
Middle East

Houthis claim attacks on Saudi capital, after flames seen near Riyadh airport

The militants say they targeted ‘sensitive’ sites, along with an Aramco facility in the Red Sea city of Yanbu.

India

India’s Modi caught between Russian oil needs and US trade threats

Cutting Russian oil imports could avoid price rises ahead of key polls but keeping such purchases could cripple access to its largest market.

US, Israel war on Iran

Saudi oil pipeline closure puts Asia’s economic resilience to the test

Experts say the loss will hit Asian refiners first before feeding through to inflation, currencies and economic growth across the region.

A satellite image shows a closer view of the damage at the Saudi Arabia East-West pipeline, located across the Arabian Peninsula, after a strike that hit it on September 11. Photo: Vantor/Handout via Reuters
China energy security

China’s crude imports are rising again. What will that mean for oil prices?

China’s plunging oil imports prevented a bigger price spike after the Iran war broke out, but its crude purchases are now ticking up again.

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Drivers line up to refuel at a petrol station in Nanjing, Jiangsu province. Photo: EPA
China-Latin America relations

US trade chief pressed Brazil to review Anglo American nickel sale to China

Jamieson Greer asked Brasilia to curb ‘non-market’ buyers of critical minerals in exchange for relief from Trump’s tariffs.

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Banking & finance

Fed rate hike risks worsening China’s economic divide

The first US interest rate increase in more than three years is unlikely to damp China’s surging tech exports while potentially worsening a squeeze on other manufacturers.

US-China relations

China pushes back against US sanctions bill targeting Russia’s top energy buyers

Beijing braces as US House clears ‘Lindsey Graham Sanctioning Russia and Iran Act of 2026’ before next week’s Xi-Trump summit in Washington.

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Chinese foreign ministry spokesman Guo Jiakun says Beijing “opposes long-arm jurisdiction that has no basis in international law or the authorisation of the UN Security Council”. Photo: Kyodo
John Lee policy address 2026

Hong Kong aims to raise zero-carbon energy share of fuel mix to 30% by 2030

Target is one of four binding environmental protection targets revealed in city’s first five-year plan.

In 2021, Hong Kong announced its own climate action plan, which included a target of achieving carbon neutrality before 2050 – 10 years ahead of the rest of the nation. Photo: Sam Tsang
US, Israel war on Iran

US military fires on boats attempting to capture sailing drone off Iran

Central Command confirms engagement off Iranian coast as Tehran claims vessels were local fishing craft.

Ukraine war

Ukraine says ready for ‘de-escalatory steps’ if Russia does same

Kyiv demands genuine commitment from Moscow as Trump claims deal to halt refinery and grid attacks.

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US, Israel war on Iran

Iran says tanker exploded in Strait of Hormuz as US rejects account

IRGC says vessel hit sea mine in waterway as CENTCOM accuses Tehran of drone strike and intimidation.

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A propaganda billboard in Tehran depicting sinking US warships in the Persian Gulf. Photo: EPA
Thailand

Southeast Asia weighs energy transition amid LNG supply crunch

At Gastech 2026, policymakers implore pragmatism over net-zero targets and closer cooperation to ensure affordable LNG supplies.

China energy security

China’s oil demand could falter as Saudi pipeline shutdown raises costs

Supply relatively insulated in short term, but refiners could cut run rates amid rising crude prices, freight costs, analysts say.

US, Israel war on Iran

US blocks Iran nuclear chief from Vienna meeting

US Energy Secretary Chris Wright said Mohammad Eslami was blocked from entering Austria because he was a ‘sanctioned individual’.

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Iran’s nuclear chief Mohammad Eslami speaks during the General Conference of the International Atomic Energy Agency at the agency’s headquarters in Vienna, Austriain 2022. Photo: TNS
Japan

Japan’s Chubu Electric bosses resign over quake data-tampering scandal

An independent panel report said management’s ‘reprimand’ over delays was one of the reasons behind the falsification of figures.

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The No 3 (left) and No 4 reactors at Chubu Electric Power’s Hamaoka nuclear power plant in Omaezaki, Shizuoka prefecture. Photo: Kyodo
Electric & new energy vehicles

China’s five-year plan for the new-energy vehicle sector

Beijing targets a stronger Chinese presence in the top ranks of global carmakers.

US, Israel war on Iran

Middle East diplomacy stalls as war spreads, Hormuz talks postponed

New attacks in Hormuz and Saudi Arabia as planned talks between Tehran and its neighbours are put off.

Middle East

Houthis hit Saudi base amid renewed fighting with Yemen government forces

The rebels have cemented their hold on the Bab el-Mandab Strait, which has become a key route for oil exports after Iran’s Hormuz blockade.

Houthis brandish their weapons as they rally in the Yemeni capital of Sanaa in March. Photo: TNS
US, Israel war on Iran

Saudi pipeline that bypasses Hormuz shut after attacks

The kingdom said the East-West pipeline was targeted by drones launched from Iraq, causing several injuries.

A satellite image shows black smoke rising from an area of Saudi Arabia’s East-West oil pipeline south of Medina, Hejaz Region, on Thursday. Image: Copernicus Sentinel-3 via Reuters
China energy security

In Focus | Chinese coal mine gets hi-tech, green makeover with autonomous electric trucks

The deployment of self-driving vehicles, now past the pilot stage, has improved safety, efficiency and operating costs, mine manager says.

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China manufacturing

Chinese regulators unleash power of cost accounting to tackle price wars

At same time, State Council issues guidelines on avoiding delays in payments to small and medium-sized enterprises.

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