US cools on domestic LNG shipbuilding demands
The Office of the US Trade Representative (USTR) has modified a proposed deadline for US-built LNG carrier capacity. In the original proposal, it called for the LNG industry to begin…
Europe launches €55m project for sustainable semiconductors
A pan-European consortium has launched the Genesis project which aims to develop sustainable processes and technologies for the semiconductor manufacturing industry. With a budget close to €55m, the project is…
Europe launches €55m project for sustainable semiconductors
A pan-European consortium has launched the Genesis project which aims to develop sustainable processes and technologies for the semiconductor manufacturing industry. With a budget close to €55m, the project is…
Trump Administration: Biden’s Fuel Economy Rules Exceeded Authority
The fuel economy standards issued under former President Biden exceeded legal authority, the U.S. Department of Transportation said on Friday. Under the so-called Corporate Average Fuel Economy Program (CAFE), the…
U.S. Sanctions Hit Iranian Oil Smuggling Network in Asia
The U.S. Treasury Department has unleashed a sweeping wave of sanctions targeting a sprawling network of companies and individuals accused of facilitating Iranian oil and petrochemical exports in violation of…
OPEC+ Quota Hikes Yet to Deliver Oil Surge: Morgan Stanley
The OPEC+ alliance may be boosting oil-production quotas at a significant pace in a push to restart idled capacity, but that shift has yet to translate into big gains in actual…
Merck lays platforms for sustainable growth
Leading science and technology company Merck Group foresees ‘sustainable growth’ across its life science, healthcare and electronics businesses after recording group net sales of €5.3bn in Q1 2025. The positive…
HSBC Sees OPEC+ Output Hikes Weighing on Oil Prices in Late 2025
HSBC’s forecast that Brent Crude prices would remain around $65 per barrel later this year could be too optimistic as OPEC+ continues to raise production, which will result in a…
Spain Halts Oil Imports From Venezuela as U.S. Sanctions Come Into Effect
Spain did not import any crude oil from Venezuela in April, ahead of a U.S. deadline in May for foreign operators to wind down operations in the South American country,…
Africa’s Biggest Refinery Boosts U.S. Crude Oil Purchases
The Dangote oil refinery in Nigeria, Africa’s largest crude processing facility, has been buying increasing volumes of U.S. crude WTI despite the fact that Nigeria is the biggest crude oil…
