Trump’s New Deadline Looms With Mediators Pushing for Truce

Trump on Sunday issued an expletive-laced threat to destroy Iran’s power plants and blow up ‘everything over there’ Bloomberg News President Trump during a primetime address to the nation at…

Oil Shock Is Adding Stress to the Global Economy

Bloomberg News Market Snapshot 6,650.75 +0.4% 53,413.68 +0.5% $69,862.54 +3.3% $4,703.78 +0.6% 1,213.34 -0.2% Market data as of 05:34 AM ET. Data is subject to provider delays. Five things you…

US Crude Premiums Climb to Record Levels as Asia, Europe Compete for Supply

Spot premiums for U.S. West Texas Intermediate crude have jumped to all-time highs as competition between Asian and European refiners for supply heats up to replace Middle Eastern oil flows…

Nearly 50 Qatar LNG Tankers Sit Idle Across Asia

Almost 50 liquefied natural gas carriers used by Qatar to export the superchilled fuel are idled in Asia, Bloomberg has reported, citing data from Kpler. All the vessels are empty,…

Pakistan Emerges as Key Mediator in Push to End Hormuz Crisis

The United States and Iran have both received via Pakistan a plan for an immediate ceasefire that could reopen the Strait of Hormuz, Reuters reported on Monday, citing a source…

Saudi Arabia Sets Record Premium for Flagship Crude as Hormuz Crisis Deepens

Saudi Arabia has hiked the price of its flagship Arab Light crude loading for Asia in May to a record-high premium over the Middle Eastern benchmarks as the de facto…

Qatar LNG Tankers Make First Move Through Hormuz Since War Began

Two tankers that loaded LNG from Qatar before the war began appear to be attempting to exit the Strait of Hormuz in what could be the first export of Qatari…

Two More Indian LPG Tankers Clear Strait of Hormuz

Two India-flagged tankers carrying liquefied petroleum gas (LPG) have added to the vessels that have managed to transit the Strait of Hormuz in recent weeks, as Iran allows selective traffic…

OPEC+ Decides to Boost Production in May

A statement posted on OPEC’s website on Sunday revealed that Saudi Arabia, Russia, Iraq, the UAE (United Arab Emirates), Kuwait, Kazakhstan, Algeria, and Oman have decided to boost production by…

  • Gas
  • April 6, 2026
Atlas Copco completes $16.9m SDC buy

Compressed air and vacuum solutions company Atlas Copco has completed the acquisition of the assets of the Stainless Design Concepts (SDC) division from CVD Equipment Corporation. Atlas Copco bought the…