Tankers Stranded Once Again As Trump Calls Off ‘Project Freedom’
Cargo vessels and tanker owners, who hoped for a U.S. escort out of the Strait of Hormuz earlier this week, are back scrambling to find feasible solutions to passing the…
Lufthansa Warns Strait of Hormuz Closure Will Add $2 Billion in Fuel Costs
Lufthansa Group expects the surge in jet fuel prices to cost it an additional $2 billion this year as the closure of the Strait of Hormuz “is leading to a…
Average U.S. Gasoline Price Tops $4.50 to Near Four-Year High
The national average price of gasoline in the United States has just topped $4.50 per gallon, the highest level since the middle of July 2022, according to data from GasBuddy,…
UAE advances graphene production through Dana Gas-Levidian deal
By 18 min ago 4 min read UAE-based Dana Gas has signed a deal with UK cleantech firm Levidian to develop a graphene production site in Sharjah, as the country…
SpaceX plans $55bn Terafab chip facility in Texas
By 27 min ago 2 min read US space exploration company SpaceX plans to build a $55bn semiconductor manufacturing and advanced computing fabrication facility in Grimes County, Texas. The Terafab…
Europe’s Gas Market Braces for Winter Shock as Traders Bet Prices Could Double
The options market of European natural gas futures of the past week suggests that traders fear the benchmark gas prices could more than double in the coming winter as the…
Pakistan Issues Emergency LNG Tender for Two Cargoes as Power Crisis Deepens
Pakistan on Wednesday issued a tender seeking to urgently buy two LNG cargoes for delivery later this month as the country struggles to cope with a gas and power crisis…
Saudi Arabia Cuts June Oil Prices by Less Than Expected as Hormuz Risks Persist
Saudi Arabia has reduced the official selling price of its flagship crude loading for Asia in June from the May record high, but the price cut was less than expected.…
Charbone opens first US hub in Albany
By 1 hour ago 2 min read Canadian gas producer and distributor Charbone Corporation has opened its first hub in the US at Albany in New York State. Strategically located…
Nel launches new pressurised alkaline system with sub-$1,500/kW capex
By 4 min ago 2 min read Electrolyser manufacturer Nel has launched a new pressurised alkaline electrolyser system with a capex of $1,450/kW at 25MW-scale, representing a cost of $36.25m.…
