Oil Prices Climb as U.S.-Iran Peace Hopes Fade

Crude oil prices moved higher today as the chances of a lasting peace between the United States and Iran shriveled following Iran’s release of six conditions earlier this week and…

Libya Weighs Force Majeure After Drone Attacks on Zawiya Oil Hub

Libya’s National Oil Corporation may declare force majeure on exports from the Zawya oil terminal as a result of drone attacks on the facility. The Zawya terminal has a daily…

Global Gas Turbine Orders Hit Record High as Power Demand Surges

Global orders for gas turbines have hit a record high as demand for power generation surges, according to JP Morgan. New gas turbine orders in the second quarter stood at…

China’s Teapot Refiners Poised to Ramp Up Iranian Oil Buying

China’s independent refiners are likely to return to buying higher volumes of Iran’s crude oil this month as stockpiles in Shandong, home to the independent Chinese refiners, have dropped to…

Hormuz Traffic Sinks to Six Vessels Monday as Iran Talks Stall Again

Vessel traffic at the Strait of Hormuz continues to decline as last week’s hopes of negotiations of a U.S.-Iran deal began to fade, yet again. On Monday, only six commodity…

Uniper Profits Surge as Germany Prepares to Sell Energy Giant

Uniper on Tuesday reported more than doubled adjusted net income for the first half of 2026 from a year earlier as Germany has launched a sales process to privatize the…

  • Gas
  • August 11, 2026
Cardinal announces ‘world’s first’ float glass carbon capture system in Washington

By 25 min ago 3 min read Minnesota-headquartered glass manufacturing company Cardinal Glass Industries (Cardinal) plans to capture around 130,000 metric tonnes of carbon dioxide (CO2) each year through a…

  • Gas
  • August 11, 2026
UK regulator seeks views on Vivisol acquisition of Air Liquide’s home oxygen business

By 41 min ago 3 min read The UK’s Competition and Markets Authority (CMA) is inviting comments on Vivisol’s proposed acquisition of Air Liquide Healthcare’s home oxygen services business before…

LONGi to Supply Hi-MO 9 Modules for Innovo Renewables’ 71 MWp Solar Portfolio in Italy

LONGi Solar Europe, a global leader in high-efficiency solar technology, will supply its Hi-MO 9 photovoltaic modules for a utility-scale solar portfolio being built by Innovo Renewables S.p.A. With a…

  • Gas
  • August 11, 2026
Robotics next in line to face electricity scrutiny

By 16 min ago 2 min read After all the attention surrounding data centres’ electricity consumption, now robotics finds itself under energy scrutiny. The global robotics industry will consume as…