Air Liquide reports higher H1 2026 profits as semiconductor demand grows
By 37 min ago 2 min read Industrial gas major Air Liquide boosted profits and margins in the first half of 2026 (H1 2026), despite only modest revenue growth, as…
Indian Refinery MRPL Bars Crude Suppliers From Hormuz, Red Sea Routes
India’s Mangalore Refinery and Petrochemicals Ltd. (MRPL) has become the first Indian refinery to tell crude suppliers to avoid both the Strait of Hormuz and the Red Sea, inserting the…
Russia Says Fuel Crisis Is Easing as Refineries Restart
The fuel crisis in Russia has started to ease in recent days as some refineries have restarted operations, Russia’s Deputy Prime Minister Alexander Novak said on Sunday. “The situation is…
Houthi Threats Force Saudi Crude Tanker Onto Suez Route To Asia
The Houthi threats to shipping in the Red Sea and its chokepoint, the Bab el-Mandeb Strait, have forced at least one oil tanker carrying Saudi crude to Asia to choose…
Gasoline in Australia Jumps to Highest Level Since March
Fuel prices in Australia hit last week the highest level since March as the hostilities in the Middle East drove international crude oil prices to the highest in two months.…
Red Sea Tanker Traffic Falls to Multi-Month Low After Houthi Threats
Tanker traffic through the Bab el-Mandeb Strait slumped to a multi-month low on Sunday amid Houthi attacks on Saudi oil infrastructure on the Red Sea coast. Only 11 tankers carrying…
Paras Semiconductor eyes chip facility in Madhya Pradesh, India
By 42 min ago 2 min read Paras Semiconductors, the semiconductor business of Indian defence technology company Paras Defence and Space Technologies, has signed a deal to establish a new…
Oil Shock Could Turn Super El Niño Into an Inflation Problem Again
The world isn’t just staring down another weather event. It’s staring down a weather event colliding with a supply-driven oil shock. JPMorgan warned Friday that a “super” El Niño combined…
Saudi Red Sea Crude Exports Have Sank 41% Since March Peak
Saudi Arabia, which at the start of the Iran war redirected virtually all crude exports through its East-West pipeline to Yanbu on the Red Sea, has seen crude exports from…
European Natural Gas Prices Plunge 8% as U.S.-Iran Tensions Ease
European natural gas prices plunged by 8.6% at the open in Amsterdam on Monday as the United States paused strikes on Iran over the weekend and Tehran signaled a halt…
