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At the Asia Pacific Petroleum Conference 2025, Senior Minister of State for Trade and Industry Low Yen Ling emphasized Singapore's commitment to enhancing its global energy hub status while transitioning to a low-carbon future. She highlighted a significant increase in energy trade from US$1.44 trillion in 2023 to US$1.67 trillion in 2024, despite geopolitical volatility and an oversupply in the market. Low also underscored the importance of technological innovation, with companies leveraging AI for improved forecasting and risk management, and outlined Singapore's focus on sustainable products and carbon trading.