[SINGAPORE] Singapore’s energy and chemicals sector has come under the spotlight as conflict in the Middle East escalates. As oil prices hit a four-year high on Monday (Mar 9), observers noted that the sector faces a “very grim” outlook. Although oil prices have since corrected, the shock has renewed concerns over the vulnerability of one of Singapore’s key pillars. Energy and chemicals are a vital component of Singapore’s export-oriented economy, with the sector contributing to about 2 to 3 per cent of gross domestic product, and accounting for around 23 per cent of total manufacturing output. https://www.businesstimes.com.sg/companies-markets/charts-singapores-energy-and-chemicals-sector-focus-middle-east-conflict-escalates (ICE SINGAPORE)

Fonte notizia: The Business Times, 10 March 2026