Singapore Airlines became the latest carrier to raise its fuel surcharge as the aviation industry struggles to cope with the rapidly rising cost of jet fuel. The Asian airline last raised its surcharge in March.
On long-haul flights between Asia and the U.S. and Canada, the fee will rise to $150 from $130 per flight. The [...]

Oil prices held steady Monday, supported by weekend news of an attack on a Nigerian oil installation, but with gains limited by the strengthening of the U.S. dollar.
Royal Dutch Shell PLC spokesman Precious Okolobo said Saturday that attackers hit a flow station belonging to Shell’s joint venture in southern Nigeria and that some oil production [...]

The Sabah Government is sticking to its decision against building a coal- fired power plant in Lahad Datu.
State Tourism, Culture and Environment Minister Datuk Masidi Manjum said the government could not afford the environmental risks of such a facility close to key pristine conservation areas.
“We are aware of the argument that coal-fired plants in the [...]

Oil prices steadied Wednesday above $113 a barrel after setting a record on growing concerns about insufficient global supply.
ADVERTISEMENT
Oil surged to an all-time high of $114.08 a barrel Tuesday after a high-profile report by the International Energy Agency said Russian oil production dropped this year for the first time in a decade.
Analysts said growing investor [...]

Oil prices hit all-time highs above $115 a barrel Thursday with reports that oil and gasoline stocks in the United States were lower than expected and as the dollar hit record lows.
Light, sweet crude for May delivery rose as high as $115.52 a barrel in electronic trading on the New York Mercantile Exchange. It [...]

Oil prices hit an all-time high above $115 a barrel Thursday amid concerns about sagging U.S. gasoline supplies ahead of the peak demand of the Northern Hemisphere summer.
The U.S. Energy Department said Wednesday that inventories of gasoline fell 5.5 million barrels last week, a much bigger decline than forecast by analysts surveyed by Dow Jones [...]

Benchmark energy coal prices at Australia’s Newcastle port rose after six straight weeks of decline following contract settlement between Xstrata XTA.L and Japan’s Chubu Electric 9502.T.
Thermal coal prices rose $5.83 from a week earlier to $125.42 a tonne, the globalCOAL’s NEWC weekly index showed in the week ended April 12, based on prices at Australia’s [...]

Oil prices rose to an intraday trading record above $112 a barrel Tuesday after the U.S. dollar fell further and crude supplies to the U.S. and elsewhere were disrupted.
The main driver of crude’s rally was a decline in the greenback relative to the euro on Monday, analysts said. Crude oil’s recent run above $100 a [...]

Coal prices for power generators at Australia’s Newcastle port, a benchmark for Asia, fell to a five-week low of below $125 a tonne, due to tepid spot market demand and increased supplies from China.
Thermal coal prices fell $5.22 from a week earlier to $124.36 a tonne, the globalCOAL’s NEWC weekly index showed in the week [...]

Asia faces the threat of higher inflation, slower growth and tougher times for exporters after oil prices hit new highs and the dollar plunged last week.
Farmers, miners and oil companies could benefit from high commodity prices. But most of Asia is dependent on imported energy and raw materials, and even some oil-exporting countries such as [...]