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Energy

Energy
The latest news, analysis and opinion on Energy. In-depth analysis, industry insights and expert opinion.
Ukrainian defendant Volodymyr Zhuravlov (right) at Warsaw’s Regional Court in Warsaw, Poland in October last year. Photo: AP
Ukraine war

Croatian court approves extradition of Nord Stream blast suspect to Germany

German prosecutors have said the suspect, along with others, ‘planted explosives’ on the gas pipelines in the Baltic Sea in 2022.

Italy

Italy greenlights return of nuclear power after decades-long ban

Thailand

Thailand’s solar scheme faces hurdles as low power users turned off by high cost

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China exports

China has scrapped two-thirds of its planned coal power plants abroad: report

The cutbacks have saved 6.4 billion tonnes of potential carbon emissions, though campaign’s momentum slowed last year, report finds.

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Women sit on a hill overlooking a coal power plant in Indonesia. The country is a hotspot for Chinese energy investment. Photo: AP
Ukraine war

Zelensky warns of painful winter for Russia if energy truce talks fail

The leader described Russia’s Putin as the ‘patient zero’ from whom the idea of war keeps spreading further.

US, Israel war on Iran

Indian sailor killed in attack on vessel in Hormuz: India and Oman authorities

A strike on the cargo ship Cape Dao led to a fire in the engine room, and 27 crew members had to be evacuated by the Omani navy.

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China energy security

China launches ‘mineral exploration offensive’ amid growing global uncertainties

Beijing is scouring the nation for resources ranging from oil to rare earths, as it tries to shield its economy from rising geopolitical turbulence.

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China is doubling down on efforts to uncover new domestic reserves of coal, oil, natural gas, rare earths and other resources. Photo: 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.

Greenland

Trump, Denmark and Greenland sign deal to resolve Arctic stand-off

Trilateral accord permits US ‘Golden Dome’ missile shield and new bases while backing island self-determination.

Hong Kong economy

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

Policy chief notes city to consider sustainable aviation fuel mandate, saying clear targets are needed to draw investment and build supply.

The city’s policy chief Stephen Wong says Hong Kong needs sustainable aviation fuel targets to attract investment, secure supplies and retain its aviation hub status. Photo: Elson Li
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.

Large plume of black smoke rises from the fuel storage area at King Khalid International Airport in Riyadh, Saudi Arabia, on Saturday. Photo: Reuters
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.

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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.

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.

People attend Gastech Bangkok 2026, in Bangkok, Thailand, on Monday. Photo: Reuters
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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