Brent Tops $111 as Analysts Raise Forecasts on Hormuz Stalemate
Oil prices extended gains in Asian trade on Tuesday, with Brent Crude topping $111 per barrel, as the Strait of Hormuz remains inaccessible for more than eight weeks and the…
BP Profit More Than Doubles as War-Driven Oil Trading Surges
BP (NYSE: BP) more than doubled its profit for the first quarter from a year earlier as oil prices jumped and oil trading boomed amid the war in the Middle…
UAE Quits OPEC and OPEC+ as Hormuz Crisis Drags On
The United Arab Emirates is leaving OPEC and OPEC+, effective May 1, the country’s state news agency WAM confirmed Tuesday, ending nearly six decades of membership and stripping the cartel…
Iranian Tankers Pile Up Outside Hormuz as U.S. Blockade Tightens
At least six Iranian tankers laden with oil are loitering in a cluster near the port of Chabahar in Iran, outside the Strait of Hormuz but just inside the U.S.…
German state pledges €1.6m to expand hydrogen output for mobility supply
By 58 min ago 2 min read The German state of Schleswig-Holstein has granted €1.6m ($1.9m) in funding for a new 2MW electrolyser at a green hydrogen facility to provide…
Comment: Air Liquide projects business-as-usual amid the uncertainty
By 58 min ago 2 min read It was a confident presentation from the leaders of Air Liquide today. Words that peppered the hour-long Q1 earnings call included robust, remarkable,…
Video | How helium supply volatility is driving equipment demand
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Evonik to supply membrane tech to Malaysia’s MTCO
By 32 min ago 2 min read German chemical manufacturer Evonik has signed an agreement to supply its membrane technology to Malaysian biogas upgrading specialist MTC Orec Sdn Bhd (MTCO)…
Market Correctly Pricing in Ongoing Supply Risks
In a market analysis sent to Rigzone on Tuesday, Naeem Aslam, CIO Zaye Capital Markets, highlighted that Brent crude was holding strong “as the market correctly prices in ongoing supply…
Air Liquide project backlog hits record €5.5bn
By 41 min ago 2 min read Industrial gas major Air Liquide has reported a project backlog of €5.5bn ($6.4bn), up from €4.9bn at the end of 2025, according to…
