Pakistan Scrambles for Oil Alternatives as Hormuz, Red Sea Risks Mount
Pakistan’s refiners are inquiring traders about potential crude oil supply from the U.S., Nigeria, Singapore, and central Asia, amid the escalating crisis in the Middle East that threatens supply from…
Oil Jumps Nearly 4% as Houthis Threaten Red Sea Blockade
Oil prices jumped by nearly 4% early on Wednesday as concerns about crude supply from the Middle East intensify with threats to shipping at both chokepoints in the region, the…
Japan’s Power Prices Soar to 3.5-Year High
Japan’s day-ahead spot electricity prices surged on Wednesday to the highest level in three and a half years as soaring fuel costs, heat waves, and a weakening Japanese currency have…
Equinor Profit Soars 93% as Oil and Gas Price Spike Fuels Windfall
Equinor (EQNR:NYSE) saw a 93% jump in its second-quarter profit from a year earlier as oil and gas prices soared during the Middle East crisis and delivered windfall earnings to…
China’s Oil Output Hits Record High
China produced a record amount of crude oil last year, at 216 million tons, with natural gas production also rising substantially, the National Energy Administration reported today. Together, the oil…
Surging Oil Prices Push Japan’s Import Bill to an Unprecedented High
Surging oil prices have led to a significant increase in Japan’s import bill, hitting an all-time high last month of $89.46 billion, Reuters has reported, citing government data. The June…
Oil Price Rise Comes Amid Dissipation of 1 Main Assumption
Crude oil futures continued to rise today, Samer Hasn, Senior Market Analyst at XS.com, highlighted in a market analysis sent to Rigzone on Wednesday, pointing out that WTI and Brent…
Air Liquide signs renewable oxygen deal with Indovinya for ethylene oxide production
By 41 min ago 2 min read Industrial gas major Air Liquide has entered into an agreement with Texas-headquartered specialty chemical producer Indovinya for the supply of renewable oxygen for…
Helium recovery demand rises amid supply concerns
By 13 min ago 4 min read Helium recovery is becoming a higher priority for manufacturers as supply security overtakes cost savings as the main driver for gas recycling, according…
Industry needs to step up semiconductor sustainability
By 53 min ago 2 min read The industrial gases industry must step up its work on semiconductor sustainability to avoid government intervention and improve accountability, according to industry experts.…
