APPEC

Oil industry abandons hope for quick end to Hormuz crisis

Global tanker freight rates have surged to record levels as the prolonged U.S.-Iran conflict continues to disrupt one of the world's most critical shipping corridors, with daily earnings for supertankers on the benchmark Middle East-to-China route reaching nearly $800,000, according…

UAE’s OPEC exit, pricing shift dominate Singapore summit

Energy executives, traders, and analysts convened in Singapore on Monday for the 42nd Asia Pacific Petroleum Conference (APPEC), where the consequences of the UAE's departure from OPEC and a sweeping change to Abu Dhabi's crude pricing methodology have emerged as…

Oil traders converge on Singapore as war strains global markets

Global oil markets are entering the busiest week on Asia's energy calendar under conditions few in the industry anticipated a year ago. Conflict-weary traders, anxious buyers, and executives are converging on Singapore for the 42nd Asia Pacific Petroleum Conference, hosted…