US Crude Oil, Product Inventories Fall Even As Hormuz Traffic Begins to Flow
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 399,000 barrels in the week ending July 3. In the week prior, US crude…
Bahrain and Kuwait Restore Power After Iranian Attacks
Kuwait and Bahrain have started to restore power to residential areas following Iranian strikes on the two Gulf nations in retaliation for U.S. strikes on Iran in the latest conflagration…
Oil and LNG Tankers Make U-Turns After Fresh Hormuz Escalation
The renewed hostilities and attacks on vessels in the Strait of Hormuz again put an abrupt end to the steady flow of oil and gas tankers moving in and out…
Vitol Eyes Venezuela Expansion as Oil Industry Returns
Commodity trading major Vitol is planning to establish a presence in Venezuela amid a surge in interest in the country’s oil wealth from the resources industry, Reuters has reported, citing…
China Lifts Fuel Export Curbs as Refiners Ramp Up Overseas Shipments
China has lifted restrictions on the exports of refined fuels, allowing state-owned refiners to resume shipments overseas this month, as well as one private refiner, Reuters reported today, citing unnamed…
Oil Prices Jump After Iran Attacks Commercial Vessels
Crude oil prices moved higher today, extending gains from earlier this week after the United States and Iran exchanged military strikes again, following Iran’s attacks on three vessels off the…
Mantel and Aalborg CSP partner on modular carbon capture tech
By 14 min ago 2 min read US carbon capture specialist Mantel has partnered with Danish thermal energy engineering firm Aalborg CSP to standardise the plant design of its molten…
Mantel and Aalborg CSP partner on modular carbon capture tech
By 14 min ago 2 min read US carbon capture specialist Mantel has partnered with Danish thermal energy engineering firm Aalborg CSP to standardise the plant design of its molten…
Nippon rebrands US dry ice division to Nippon Sanso Carbonic Products
By 46 min ago 2 min read Industrial gas specialist Nippon Sanso Matheson has rebranded its US dry ice business from Continental Carbonic Products to Nippon Sanso Carbonic Products. Nippon…
Oil Rockets Higher as Trump Declares Iran Ceasefire Over
During a press meeting in Ankara, Türkiye, where he is attending the 2026 NATO Summit, U.S. President Donald Trump said he thought the ceasefire with Iran was over. “To me,…
