The International Energy Agency (IEA) expects global LNG markets to remain tight through 2027, as the Middle East conflict disrupts supply and delays fresh capacity additions. In its latest quarterly gas report for Q2 2026, the agency said shipping disruptions via the Strait of Hormuz have effectively taken nearly 20% of global LNG supply off…
Hong Kong stocks rose on Wednesday as fears over surging oil prices eased and Chinese tech names rebounded after a deep rout. The Hang Seng Index gained 0.5 per cent to 26,028.00 as of 9.36am. The Hang Seng Tech Index edged up 0.6 per cent. On the mainland, the CSI 300 Index and the Shanghai…
The Hong Kong government is prepared for greater global market volatility and risks, as well as increased trade costs and shifting commodity prices, caused by the joint US–Israel attack against Iran, according to the city’s finance chief. Shortly after Iranian state media confirmed that supreme leader Ayatollah Ali Khamenei was killed in the attacks, Financial…
Electric vehicles are making significant inroads in South America, Reuters reports, but a major player remains markedly absent as this new market coalesces. 2025 has been a pivotal year for both EVs and the Tesla brand — back in May, the International Energy Agency projected that more than 20 million EVs would be sold by…
Oil prices dipped on Monday, pressured by worries over a global glut as escalating U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand. Brent crude futures fell 24 cents, or 0.4%, at $61.05 a barrel at 0032 GMT, while U.S. West Texas Intermediate futures were down 21 cents, or 0.4%,…
By Scott DiSavino NEW YORK (Reuters) -Oil prices eased on Wednesday to a five-month low on escalating U.S.-China trade tensions and the International Energy Agency’s prediction of a supply surplus in 2026. Brent crude futures fell 48 cents, or 0.8%, to settle at $61.91 a barrel. U.S. West Texas Intermediate (WTI) futures fell 43 cents,…
By Stephanie Kelly LONDON (Reuters) -Oil prices edged lower on Wednesday, as investors weighed the International Energy Agency’s prediction of a supply surplus in 2026 and trade tensions between the United States and China that could curtail demand. Brent crude futures fell 21 cents, or 0.3%, to $62.18 a barrel by 0854 GMT, while U.S….
By Sam Li and Jeslyn Lerh (Reuters) -Oil prices fell in early trade on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency’s warning of a supply surplus in 2026 and U.S.-China trade tensions that could hurt demand. Brent crude futures fell 12 cents, or 0.19%, to $62.27 a barrel…
The ‘lithium triangle’ formed by Chile, Argentina and Bolivia accounts for nearly half of the world’s lithium reserves (LUIS ROBAYO) Europe’s ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South America. Even the bloc’s broader energy security and climate goals could depend on securing a steady…