HSBC Flags a Super-Squeeze In the Oil Market
The Middle East crisis and the still closed Strait of Hormuz have created a “super-squeeze” in oil markets, which could lead to sharp price spikes, analysts at HSBC say. Prices…
China Solar Makers Launch Space Energy Development Alliance
China’s solar manufacturing industry on Tuesday launched a so-called Space Energy Development Alliance as the Chinese solar sector looks to conquering new frontiers amid oversupply at home. At this year’s…
JP Morgan Sees Increasing Monthly Oil Demand Losses
In a report sent to Rigzone recently by Natasha Kaneva, J.P. Morgan’s head of global commodities strategy, analysts at J.P. Morgan, including Kaneva, revealed that they were tracking increasing monthly global…
MHI advances tech that could boost biogas production by 40%
By 11 min ago 2 min read A system under development by Mitsubishi Heavy Industries (MHI) that could boost biogas generation by almost half has been verified by the Japan…
Plug sells $39.2m tax credits from Louisiana hydrogen liquification site
By 32 min ago 3 min read Plug Power has sold $39.2m of tax credits awarded to its 15-tonne-per-day hydrogen liquefication plant in Louisiana, US, as it looks to buoy…
Central Welding Supply acquires Washington gas equipment servicing company
By 55 min ago 1 min read US industrial gas and welding supplies company Central Welding Supply has acquired Washington-based gas and welding equipment servicing business Torch and Regulator Repair (T&R…
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…
