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Search resuls for: "Singapore International Energy"


6 mentions found


☆ Singapore Deputy PM Wong to lead ruling party before general election, prime minister says
  + stars: | 2023-11-05 | by ( Chen Lin | Thomson Reuters | Chen Lin Covers A Wide Range Of Topics Including Economy | ) www.reuters.com   time to read: +3 min
Singapore's Deputy Prime Minister and Minister for Finance Lawrence Wong delivers the Singapore Energy Lecture during the 15th Singapore International Energy Week, in Singapore October 25, 2022. REUTERS/Isabel Kua/File Photo Acquire Licensing RightsSINGAPORE, Nov 5 (Reuters) - Singapore Prime Minister Lee Hsien Loong on Sunday said he will hand leadership of the ruling People's Action Party to Deputy Prime Minister Lawrence Wong as soon as the party's 70th anniversary in November 2024, a year before an election is due. He has served as party secretary-general and prime minister since 2004 and last year chose Wong, who is also finance minister, as his successor. Therefore, I intend to hand over to DPM Lawrence before the next general election," Lee said at an annual party conference. He served as Lee's principal private secretary from 2005 to 2008 and led the education and national development ministries before becoming finance minister in 2021 and deputy prime minister last year.
Persons: Finance Lawrence Wong, Isabel Kua, Lee Hsien Loong, Lawrence Wong, Wong, Lee, Lee Kuan Yew, DPM Lawrence, Walid Jumblatt Abdullah, Chong Ja Ian, Chen Lin, Michael Perry, Christopher Cushing Organizations: Finance, Singapore Energy, Singapore International Energy, REUTERS, Rights, Singapore Prime, Party, Monetary Authority of, Nanyang Technological University, Still, National University of Singapore, Thomson Locations: Singapore, Rights SINGAPORE, Lawrence, Monetary Authority of Singapore
☆ Oil falls by more than $1/bbl as demand fears linger
  + stars: | 2022-10-25 | by ( Rowena Edwards | ) www.reuters.com   time to read: +2 min
REUTERS/Andrew KellyLONDON, Oct 25 (Reuters) - Oil prices fell by more than $1 per barrel on Tuesday as bearish economic data from key global economies heightened demand fears. Register now for FREE unlimited access to Reuters.com RegisterSupply and demand fundamentals remain largely stable, leaving economic sentiment centre-stage for the oil market, said Vandana Hari, founder of oil market analysis provider Vanda Insights. Signs of uncertain economic activity in the United States and China, the world's two biggest oil consumers, continued to weigh on prices on Tuesday. Government data on Monday showed China's crude oil imports in September were 2% lower than a year earlier, continuing a trend of lower imports at the same time it reported slowing retail sales. U.S. crude oil inventories are also expected to rise this week, which may limit price gains.
☆ Oil rises as U.S. dollar loses steam though demand fears linger
  + stars: | 2022-10-25 | by ( Mohi Narayan | ) www.reuters.com   time to read: +3 min
International benchmark Brent crude futures gained 3 cents to $93.29 per barrel by 0652 GMT, after falling 0.3% in the previous session. U.S. West Texas Intermediate crude futures for December delivery rose 11 cents to $84.69 per barrel, after a previous decline of 0.6%. Supply and demand fundamentals remain largely stable, leaving economic sentiment at the centre-stage for the oil market, Hari added. U.S. crude oil inventories are also expected to rise this week, which may limit price gains. Analysts polled by Reuters estimated on average that crude inventories rose by 200,000 barrels in the week to Oct. 21.
☆ Singapore plans to reduce peak emissions to 60 mln tonnes CO2 in 2030
  + stars: | 2022-10-25 | by ( ) www.reuters.com   time to read: +1 min
Singapore's Deputy Prime Minister and Minister for Finance Lawrence Wong delivers the Singapore Energy Lecture during the 15th Singapore International Energy Week, in Singapore October 25, 2022. REUTERS/Isabel KuaSINGAPORE, Oct 25 (Reuters) - Singapore plans to reduce its peak carbon emissions target for 2030 to 60 million tonnes of carbon dioxide as the city state strives to achieve net zero by 2050, Deputy Prime Minister Lawrence Wong said on Tuesday. The country had previously aimed for a reduction to 65 million tonnes of CO2 equivalent in 2030. "This 5 million tonne improvement is significant as it is equivalent to reducing our current transport emissions by two thirds," Wong said at the Singapore International Energy Week conference. Register now for FREE unlimited access to Reuters.com RegisterReporting by Emily Chow and Florence Tan; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
☆ World is in its 'first truly global energy crisis' - IEA's Birol
  + stars: | 2022-10-25 | by ( Emily Chow Muyu Xu | Emily Chow | Muyu Xu | ) www.reuters.com   time to read: +2 min
Dr. Fatih Birol, Executive Director of the International Energy Agency speaks during the 15th Singapore International Energy Week, in Singapore October 25, 2022. REUTERS/Isabel KuaSINGAPORE, Oct 25 (Reuters) - Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of "the first truly global energy crisis", the head of the International Energy Agency (IEA) said on Tuesday. But Birol also said the current energy crisis could be a turning point in the history of energy for accelerating clean energy sources and for forming a sustainable and secured energy system. "Energy security is the number one driver (of the energy transition)," said Birol, as countries see energy technologies and renewables as a solution. Register now for FREE unlimited access to Reuters.com RegisterReporting by Florence Tan, Muyu Xu and Emily Chow; Editing by Jacqueline Wong and Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
☆ World is in its ‘first truly global energy crisis,’ says IEA chief
  + stars: | 2022-10-25 | by ( ) edition.cnn.com   time to read: +3 min
Singapore CNN Business —Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of “the first truly global energy crisis,” the head of the International Energy Agency (IEA) said on Tuesday. For oil, consumption is expected to grow by 1.7 million bpd in 2023 so the world will still need Russian oil to meet demand, Birol said. “I think this is good because the world still needs Russian oil to flow into the market for now. Energy security drives renewables growthThe energy crisis could be a turning point for accelerating clean sources and for forming a sustainable and secured energy system, Birol said. “Energy security is the number one driver (of the energy transition),” said Birol, as countries see energy technologies and renewables as a solution.
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