UK launches 10-year industrial strategy with push on clean power and digital
The UK is doubling investment in clean energy industries to more than £30bn a year by 2035 under its 10-year industrial strategy that launches today [23 June]. But the initial…
Oil Market on Edge Waiting for What Iran Will Do
The oil market looks relaxed, but it is still on edge waiting for what Iran will do. That’s what Bjarne Schieldrop, Chief Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB),…
Supreme Court Allows Fuel Producers To Challenge California
Fuel producers just scored a green light from the nation’s highest court to go after California’s aggressive emissions standards. In a 7-2 decision Friday, the U.S. Supreme Court ruled that…
GWGI Awards launched to recognise innovation
Industrial gas innovation and excellence is about to have a whole new platform for recognition, with the launch of the GWGI Awards. The gasworld Global Innovation (GWGI) Awards represent a…
Asia Wants More Term Oil Deals From Middle East as War Boosts Spot Prices
Refiners in Asia have asked for additional oil supply under term contracts this summer as the conflict between Israel and Iran is hiking premiums for spot supply, Reuters reported on…
Oil market braced for surge following U.S. airstrikes on Iran
(Bloomberg) – Oil traders are preparing for an oil-price surge when trading reopens, with the focus on whether Tehran’s retaliation to U.S. airstrikes will lead to a disruption in crude…
Oil market braces for surge following U.S. airstrikes on Iran
(Bloomberg) – Oil traders are preparing for an oil-price surge when trading reopens, with the focus on whether Tehran’s retaliation to U.S. airstrikes will lead to a disruption in crude…
Russia Floats Asset Sales as War Costs Mount
Russia is preparing to sell off chunks of its most prized state-owned companies in a desperate bid to raise cash—reviving an old strategy with a history of smoke, mirrors, and…
Texas Oil Family to Benefit From Potential $8-Billion Mitsubishi Deal
Father and son, Albert and Gordon Huddleston, part of the Texas oil dynasty of H.L. Hunt, are expected to become even richer if a rumored $8-billion deal with Mitsubishi Corp…
China’s Shipments of Rare Earth Magnets Tumble Amid Export Control
China saw its shipments of rare earth magnets to foreign markets crash by 53% in May to the lowest level for any month since February 2020, according to data from…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
