Iraq Offers Huge Discounts for Crude Shipments via Hormuz
OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude that has to move through the Strait of…
Ukraine Hits 400,000 bpd Kirishi Refinery in Drone Attack Near St. Petersburg
One of Russia’s largest oil refineries, the 400,000 barrels-per-day Kirishi refinery southeast of St. Petersburg, was on fire early on Tuesday following drone attacks overnight, Bloomberg reports, citing satellite images…
Ships Cluster Off Dubai as Iran Expands Area of Control at Hormuz
About five dozen vessels moved toward Dubai in just one day, joining a growing cluster of at least 363 ships currently off the emirate in the Persian Gulf as Iran…
Norway’s $2.2T Fund Accused of Backing Big Oil
The world’s biggest sovereign wealth fund, Norway’s $2.2-trillion Government Pension Fund Global, has dropped its active voting engagement on climate issues at the biggest oil firms in which it has…
Goldman Sachs: Global Oil Inventories Fall to 8-Year Low
Global oil inventories are crashing and approaching an eight-year low, with the rate of depletion so fast that it exposes the market to further shocks, according to Goldman Sachs. Total…
Airgas acquires Arco Welding Supply in Massachusetts
By 1 hour ago 1 min read Airgas, an Air Liquide company, has acquired Massachusetts-based industrial gas and welding equipment distributor Arco Welding Supply, strengthening its presence in the US…
Gasoline Prices Jump Across All 50 States
Gasoline prices have jumped across all 50 states, GasBuddy noted in a blog posted on its website on Monday. In the blog, GasBuddy revealed that, according to its data, the…
Ratermann Manufacturing named MDG supplier of the year
© Ratermann Manufacturing By 3 min ago 1 min read Californian industrial and cryogenic equipment supplier Ratermann Manufacturing (Ratermann) has been named supplier of the year by US-based independent distribution…
Cummins books $199m in charges on hydrogen fuel cell business sale
By 43 min ago 2 min read US engine maker Cummins has logged $199m in charges after selling its low-pressure hydrogen fuel cell business in the first quarter of 2026.…
Cummins books $199m in charges on hydrogen fuel cell business sale
By 43 min ago 2 min read US engine maker Cummins has logged $199m in charges after selling its low-pressure hydrogen fuel cell business in the first quarter of 2026.…
