Venezuela Oil Exports Hit 7-Year High
Venezuela’s oil exports inched up from April to hit a fresh seven-year high in May as shipments to the United States and India continued to rise. Venezuela exported an estimated…
Oil Pulls Back as Trump Claims Lebanon Ceasefire Deal Is Within Reach
The oil price rally lost steam after President Donald Trump’s diplomatic efforts to de-escalate tensions in Lebanon calmed commodity markets, pushing global oil prices lower and allowing crude to ease…
$90 Oil Could Lift India’s Inflation to 4.8% and Slow GDP Growth
India’s inflation is set to accelerate to 4.8% in the fiscal year 2027, if oil prices average $90 per barrel through March next year, Indian wealth and asset manager 360…
Pure DC claims European first cross-border biomethane purchase for data centre
By 2 min ago 4 min read Pure Data Centres Group (Pure DC), the pan-European and Middle East developer and operator of hyperscale cloud and AI data centres, claims to…
OCI to divest 50% of nitrogen business to Agrofert for €55m
By 18 min ago 2 min read Energy and chemicals firm OCI Global has agreed to sell 50% of its nitrogen business, Nitrogen Intermediate Holding, to European nitrogen products manufacturer…
UK researchers file patent for lower-temp thermochemical hydrogen catalyst
© University of Birmingham By 35 min ago 2 min read UK researchers have filed a patent for a catalyst that could unlock lower-temperature thermochemical splitting pathways for low-cost hydrogen…
Analyst Flags Conflicting USA-Iran War Statements
In a market analysis sent to Rigzone on Tuesday, Samer Hasn, a Senior Market Analyst at XS.com, flagged conflicting statements regarding negotiations between the U.S. and Iran. “We hear and…
China’s LNG Imports Recover Ahead of Peak Cooling Season
China imported 4.9 million tons of liquefied natural gas last month, a slight increase on an annual basis, Bloomberg reported today, citing shipping data. The rebound comes ahead of a…
Strike Action at Major Australian LNG Facility Raises Supply Concerns
Union workers at the Ichthys LNG project in Australia have started limited industrial action at the facility, threatening broader work suspension unless the wage dispute with employers is resolved soon.…
Goldman Sachs Sees Strong Refining Profits Through 2026 Amid Fuel Supply Crunch
Tighter petroleum product supply resulting from the Strait of Hormuz crisis will keep refining margins significantly higher throughout 2026, Goldman Sachs has forecast, with diesel margins especially elevated, Reuters reported.…
