A 'crude' view from Singapore as oil hits a crazy patch

As the Middle East crisis rages and the global oil market rides a roller-coaster, the Oilholic has headed out East to Singapore - Asia's energy gateway - to find out what contacts here make of the latest turmoil. 

Here's a view of tankers in the waters off Singapore from this blogger's flight - British Airways BA 11 from London's Heathrow Airport to Singapore's Changi Airport - as it was coming in to land on Monday. 

It is a customary sight that greets visitors to the City-state. For context, Singapore is a vital link between Middle Eastern crude producers and the high demand centres of Asia. It is among the world's top three trading hubs and has a refining capacity of 1.5 million plus barrels per day with the Jurong Island petrochemical complex at the heart of it all. 

It is also the world's largest bunkering port for marine fuels supplying close to 55 million tons per annum based on data from various industry aggregators. Virtually, every major oil and gas firm has trading operations here, including energy behemoths from India to the UK. 

And Singapore also happens to be a leader in building high-end FPSO - or Floating Production, Storage, and Offloading - units and jack-up rigs. All-in-all, there simply isn't a better place to gauge the market mood in Asia than Singapore, and that mood has turned sour pretty rapidly since the crisis began.  

As yours truly was making his way from London to Singapore, the Brent front-month futures contract hit $100+ per barrel before retreating back to the $90s (on US President Donald's Trump's latest quip on Iran), and Brent-WTI differential came down to sub-$4 at one point. 

Where is all this going in the event of a prolonged conflict in the Middle East is what's worrying the industry here. True there is a lot of non-OPEC, non-Middle Eastern crude out in the market, but for high-demand Asian economies - the Middle East remains its main supplier, and for many the only supplier of crude. 

For several Asian buyers supply restrictions from the Middle East are a source of huge anxiety. According to S&P Global Platts data, the region accounts for nearly 60% of all crude oil and petrochemical feedstock to Asia, with Saudi Arabia, UAE and Iraq being the leading exporters in that order. 

Sourcing from elsewhere is both "problematic and expensive" says one market source. Geography lays bare the expensive bit of that. In normal circumstances, it takes 21 to 28 days from oil from the Middle East via the Strait of Hormuz to reach China. 

By comparison, West African or American crude takes 42 to 56 days to reach a comparable Chinese hub. Furthermore, you can't just put a new crude configuration or another type from elsewhere in a snap - the problematic bit. That's because the cracking or processing points, as they are known in the industry, for separating crude oil into its various products, need to be adjusted. 

Here's a BBC World Service News explainer the Oilholic contributed to a few months back when the Venezuela situation erupted. These are troubling times for many in Asia, who can't turn elsewhere and don't have the resourcing diversity that China and India have. 

Two indicators - and rather clear ones too - happen to be that high sulphur bunker fuel delivered in Singapore has risen by over 40%, while jet fuel has risen by 140% (currently trading around ~$230 per barrel) since the conflict began. 

Yours truly will continue to monitor what the coming days greet us with, but that's all for now folks. Next stop is Hong Kong. More musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

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To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2026. Photo: Tankers off Singapore as seen from British Airways flight BA11 from London's Heathrow Airport to Singapore's Changi Airport on Monday, March 9, 2026. © Gaurav Sharma 2026.

Nearly a week in to the latest Middle East crisis

It's nearly coming up to a week since the latest Middle East crisis began last Saturday, after US and Israeli jets pounded Iran and took out its senior leadership. Tehran retaliated by hitting targets across the region embroiling several oil and gas producing Gulf states in a war that isn't of their choosing. 

The skirmishes continue at the time of writing and the conflict is threatening to spiral out of control. Iran - which physically does not need to close the key maritime artery that's the Strait of Hormuz and actually can't - has threatened to do so. It has spooked both shipping firms and insurers thereby severely reducing transits in the Strait. 

Brent and WTI front-month contracts are above $80 levels, with the former nearing $90 on Friday. Unsurprisingly, the Oilholic has spent the entirety of the week providing client intel and analysis, alongside changing travel plans to the region with air-space(s) shut and media commentary.

Natural gas prices are another matter of concern after Qatar stopped its LNG exports on Monday knocking off 20% of the world's LNG supply. It triggered a jump of over 40% to begin with before calm returned followed by another rise. Prices are higher at the moment but not at Ukraine War levels yet when the initial shock of that event hit the markets and lurked around for much of 2022. 

Switching back to thoughts on the oil price - firstly, the reason we are not yet talking of $150 oil prices (or at least this blogger isn't) is largely thanks to the comfort cushion of non-OPEC crude barrels. Let's not forget that the market was heading for a surplus before the conflict started. Secondly, oil is not just a story of supply but one of demand too, which is looking pretty lacklustre in the run up to the conflict. 

Secondly, what is US President Donald Trump's end goal? Quite possibly, some say almost certainly - regime change - and/or a destruction of both Iran's nuclear programme as well as its ability to militarily threaten the region directly or via proxies like Hezbollah, Houthi rebels and Hamas. All of these perhaps cannot be met via an aerial bombardment. 

So where is the crisis going - an achieving of partial objectives and an off-ramp for the warring sides? A prolonged conflict? That's anybody's guess. But right now the market appears to be betting on an easing of hostilities within four to six weeks based on the soundbites from the White House. 

If that happens to be the case, the market bulls currently out in force will enjoy a short-lived outing, and the perma-bulls are unlikely to get much joy. Since last Saturday, yours truly has also been discussing this and much more with publications, radio and television networks including Tagesspiegel, BBC World Service Radio, Energy Connects, Arabian Gulf Business Insights, Radio New Zealand, Al Jazeera English, TRT World and BBC World News. 

That'd be seven days, eight media outlets, discussing where all this is heading to, all alongside modelling and making predictions for clients during an unprecedented global event. 

Overall, the crude oil market finds itself in uncharted waters and a profound geopolitical crisis. But the price risk is at present manageable with OPEC+ currently somewhat of a spectator to what's unfolding. While a prolonged conflict could change that, we are not there yet. 

Should we get there, high oil (and gas) prices would put inflationary pressures on consumers and industries to begin with felt most acutely in Europe and Asia. However, the domino effect would subsequently dent demand and global economic growth. 

We're in for a roller-coaster over the coming weeks. Let's see what the coming days greet us with first. That's all for now folks. More musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2026. Photo (Top to Bottom): Gaurav Sharma, Energy Analyst, Oilholics Synonymous, on BBC News (March 6, 2026), Al Jazeera English (March 2, 2026) and TRT World (March 5, 2026).

Talking smart home control systems with Starflow

Gaurav Sharma, Energy Analyst, Oilholics Synonymous, (left) with Jonas Helmikstøl, CEO of Starflow in Oslo, Norway.

As the concept of digital home control systems, or energy home hubs advances - there's is a lot of kit out there promising to optimise your 'smart' home, complete with energy savings to back that up. 

But last month, the Oilholic got a rather unique demo in Oslo, Norway from Starflow, a startup backed by serial entrepreneur Jonas Helmikstøl. The company is working on bringing together the concept of a home hub and a direct current (DC) to alternating current (AC) inverter under one console. 

Here's the logic - solar panels are increasingly finding favour with end-consumers in smart homes. But solar panels, and batteries, use DC while homes run on AC. Inverters help with the conversion between the two. In tandem, the home hubs bring an efficient energy control dynamic for a smart home into view. 

"Our idea is to not treat the inverter like a commodity, but as the foundation of a seamless home energy experience by overlaying it with a home console and control unit," Helmikstøl said. 

The idea was born in 2023, after Helmikstøl and fellow Starflow co-founders Ola Stengel (Chief Technology Officer) and Nikolai Konopelko (Principal Electronics Engineer) saw an opportunity to "harmonise the chaos" of various smart home concepts, technologies and residential renewable energy generation via solar panels. 

Following a very interesting demo, Helmikstøl told The Oilholic that while both home hubs and inverters have been around for a while, his company's bid to integrate the two into a lightweight, modular, and "visually appealing" kit is its selling point. 

Plans for pilots in five homes are underway with the number of homes eventually rising to 25. Thereafter, commercial upscaling will begin, potentially in 2027. The company has raised around $10 million and counting. Read The Oilholic's detailed Forbes report from October 2025 for more on that. 

For now, this blogger wishes Team Starflow well and will be keeping an eye out for the startup and its cool kit. That's all for the moment folks. More musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma 2026. Photo: Gaurav Sharma, Energy Analyst, Oilholics Synonymous, (left) with Jonas Helmikstøl, CEO of Starflow in Oslo, Norway.

Media missives from India Energy Week 2026

India Energy Week 2026 drew to a close on January 30, as the Oilholic rounded off an engaging week out in Goa. Yours truly hosted pivotal industry panel sessions and fireside chats at the event on subjects ranging from city gas distribution networks to the evolving energy mix. 

This blogger also had the privilege of hosting high ranking officials from India, US, Canada and Oman. In the between the speaking, meeting and greeting, yours truly also wrote plenty of missives via the keyboard for Forbes, Energy Connects and of course this blog. 

All blog entries for India Energy Week 2026 are below: 

• Speaking and moderating at India Energy Week 2026
• India Energy Week sessions to be hosted by yours truly
• IEW 2026 Days I & II: A $500bn investment opportunity?
• IEW 2026 Days III & IV: Speaking, meeting & greeting

And here are selected Forbes copies in chronological order based on soundbites and insights from the event:

• India Ups Energy Clout With Renewables Surge And 40-Plus Oil Suppliers, January 23, 2026
• India’s Biofuel Blended Gasoline Initiative Enters Overdrive Mode, January 30, 2026
• Canada Nears $3 Billion Uranium Deal With India, May Be Inked In March, February 1, 2026

And finally, here are a couple of reports on the Oilholic's panels by Energy Connects and an Indian renewables preview by yours truly ahead of the event: 

• Mapping India's rise as a superpower of unconventional energy, January 12, 2026
• Global South nations look to renewables to tackle energy access and climate risks, January 28, 2026
• Canada eyes doubling trade relations with India to $60bn by end of decade, January 28, 2026

That's a wrap for this year's India Energy Week. More musings to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma, January 2026. Energy Analyst Gaurav Sharma at India Energy Week 2026 © Photo: Gaurav Sharma, January 2026. 

IEW 2026 Days III & IV: Speaking, meeting & greeting

Days three and four brought another 60+ insightful sessions for the benefit of the attending delegates. There was plenty to deliberate on from downstream AI to smart-grids, biofuels to coal's evolving role in the energy mix. 

On the latter subject, the Oilholic hosted his fifth and final session of the event on the topic of 'coal’s evolving role in a secure energy mix: charting a balanced and pragmatic approach.' Panellists included Vikram Dev Dutt, Secretary, Ministry of Coal, Government of India, Kyle Haustveit, Assistant Secretary for Hydrocarbons and Geothermal Energy, US Department of Energy and B. Sairam, Chairman and MD, Coal India Limited.

Despite the global push against it, coal remains a leading source of electricity generation across the world, providing viable power for millions, as well as underpinning energy security and economic growth.

It is also believed in many quarters that coal demand will remain at elevated levels until at least the end of the decade, and furthermore, the exponentially growing boom in AI data centres is creating a new need for the readiness and consistency of coal-fired plants. 

So, with coal set to remain an essential component of the energy mix for decades beyond its projected peak in 2030, the panellists discussed how can this reality be reconciled with the need for energy transformation. 

From integrating Clean Coal Technologies (CCTs) and Clean Coal Utilisation (CCU) solutions, and implementing AI-driven efficiency measures, to enabling co-firing with biomass or hydrogen fuels, advanced technology innovations are the most viable routes to reducing coal’s ongoing carbon footprint while meeting energy demand. Their widespread adoption, however, will be reliant on enabling policies, financing mechanisms and incentivising private sector engagement. 

Bearing these points in mind, the panellists offered insights on optimising coal’s socioeconomic benefits as a core component of the mid-term energy mix, while minimising its environmental impact through climate technology and digital efficiencies. Officials from both the US and India also advocated for a pragmatic approach to coal and its usage. 

Additionally, Assistant Secretary Haustveit revealed the launch and repurposing of the National Energy Technology Laboratory in Morgantown, West Virginia as a Center of Excellence for Coal research this February - a place and a town very familiar to yours truly and the readers of this blog, when one visited it in 2019. 

Another subject of note over Thursday and Friday of India Energy Week was biofuels, and India's Minister of Petroleum and Natural Gas Hardeep Singh Puri's pet project of enhanced ethanol blending into fuel dispensed at the country's petrol forecourts. 

The initiative is now firmly in overdrive mode, as noted by yours truly's in a Forbes post from the event. Have a read here if you wish. 

With speaking engagements all done on Thursday, it was time for some more meeting and greeting at the exhibition halls and getting to know what the energy sector was bringing to bear in 2026 and beyond. 

The Oilholic's many engagements included meeting Emerson's Chief Sustainability Officer and longstanding industry colleague Mike Train, as well as Erik Lindhjem, President of Asia Pacific and Anil Bhatia, Vice President & Managing Director India. We had a great discussion on investment opportunities in India (see above right, click to enlarge).

A meeting with Abhilesh Gupta, CEO of Think Gas, who was also a panellist yours truly panel on city gas distribution (CGD) networks and their potential, followed (see left, click to enlarge).

It was great discussing the plans of this prominent Indian CGD company specialising in the distribution of compressed natural gas (CNG), piped natural gas (PNG), and liquefied natural gas (LNG) for residential, commercial, and industrial use with him.

Also had a fascinating discussion as the event's conclusion approached with Chander Mani, GGM, Impex & Shipping, at Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of ONGC (see right, click to enlarge).

MRPL is a crucial part of the ONGC group, acting as a refining arm that processes crude oil from ONGC’s fields in Mumbai High, and other imported crudes. 

In Dec 2024, MRPL and ONGC signed a performance MoU to improve operational efficiency and secure energy at the 300,000 barrels per day refining facility in Southern India.

We also discussed the refining industry's current operational complexities with the state of global geopolitics and crude supplies as they stand. 

Finally, the Oilholic also caught up with the team at Applied Computing, a UK energy AI start-up making waves with its downstream platform Orbital (see below left, click to enlarge).

The duo of Hari Ramani, Vice President of Commercial Markets at Applied Computing (left) and Harry Ashcroft, Communications Advisor (right), discussed the company's expansion plans, including the recent opening of a new office in Bengaluru, India, pointing to the inexorable direction of travel for many energy technology firms both large and small.

Well that's all for now from India Energy Week 2026 folks. It has been a memorable and insightful time out here in Goa. More missives to follow soon. Keep reading, keep it here, keep it 'crude'! 

To follow The Oilholic on Twitter click here.

To follow The Oilholic on Forbes click here.

To follow The Oilholic on Energy Connects click here.

To email: journalist_gsharma@yahoo.co.uk  

© Gaurav Sharma, January 2026. Photo I: Energy Analyst Gaurav Sharma chairs India Energy Week 2026 panel on coal on Thursday, January 29, 2026. Photo II: (L to R) Energy Analyst Gaurav Sharma with Emerson's Anil Bhatia, Vice President & Managing Director, India, Mike Train, Chief Sustainability Officer and Erik Lindhjem, President of Asia Pacific. Photo III: Energy Analyst Gaurav Sharma (left) with Abhilesh Gupta, CEO of Think Gas. Photo IV: Energy Analyst Gaurav Sharma (right) with Chander Mani, GGM, Impex and Shipping, MRPL. Photo V: (L to R) Hari Ramani, Vice President of Commercial Markets at Applied Computing, Energy Analyst Gaurav Sharma and Harry Ashcroft, Communications Advisor. © Photos: Gaurav Sharma, January 2026.