Strait of Hormuz Fears Send California Gas Past $6 a Gallon
California’s average gasoline price surged to above $6 per gallon on Thursday, the first U.S. state to top this threshold since the Iran war rattled markets. The U.S. benchmark crude…
JP Morgan: UAE Could Attract More U.S. Investment After OPEC Exit
The United Arab Emirates (UAE) could attract more U.S. investment after the exit from OPEC as the country would be able to produce more oil once the current Strait of…
Tankers Move from Fuel to Crude Trade as War Upends Flows
The war in Iran and the closed Strait of Hormuz are accelerating a major shift in the oil tanker market, in which smaller tankers carrying fuels are becoming crude carriers…
Crisis-Hit Southeast Asia Looks to Sign Petroleum Security Pact
The Association of Southeast Asian Nations (ASEAN) looks to ratify a petroleum security agreement, Philippine Trade Secretary Cristina Roque said on Thursday as Asian nations are reeling from the shock…
Russia Dismisses Price War Fears Following UAE Departure From OPEC+
Russia will remain in the OPEC+ group alongside the remaining OPEC members and doesn’t expect a price war following the abrupt exit of the United Arab Emirates, Russia’s Deputy Prime…
ENEOS acquires 10% equity stake in Petrona’s MLNG Tiga terminal
By 19 min ago 2 min read Japanese liquefied natural gas (LNG) producer ENEOS Xplora (ENEOS) will re-enter Malaysia’s LNG Tiga project with a 10% stake, alongside majority stakeholder Petroliam…
EU backs ‘one-pot’ e-methanol push to cut costs and input energy
By 42 min ago 3 min read A new EU-funded project is targeting the cost and energy intensity of e-methanol production by integrating multiple process steps into a single system.…
Air Products confirms huge scale of expanding Samsung project
By 54 min ago 2 min read Air Products has talked more about a just-announced specialty gas facility it is . The industrial gas major presented its second-quarter results on…
Air Products taps stored helium at a cost as Qatar outage hits supply
© JHVEPhoto / Shutterstock.com By 30 min ago 2 min read Air Products says it is facing continued helium headwinds as prices decline while it taps higher-cost stored supply to…
Air Products navigates eight key end markets through crisis
By 39 min ago 2 min read Air Products is focusing on eight end markets as it strives to support customers and mitigate risks through the current energy crisis. The…
