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Wellbred, an oil trader sanctioned by the United States over Iran-related links
As part of its efforts to target Tehran's international financial connections, the United States has imposed sanctions against Singapore-based Wellbred Capital, and its trading companies in?the United Arab Emirates, and Switzerland. On Monday, the Office of Foreign Assets Control of the U.S.
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Indian shares are down as Middle East tensions continue, and the Nifty expiry date looms.
Indian?shares fell on Tuesday, as oil prices rose due to Middle East tensions. Investors also awaited the expiration of the Nifty 50 derivative contracts. As of 9:58 a.m. IST, the BSE Sensex fell 0.24% and the Nifty dropped 0.32% to 24,142.25. Fourteen out of 16 major sectors posted losses. Small-caps and middle-caps remained muted.
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India's sugar refiners and mills are seen importing only half of the duty-free quota
Indian sugar refiners and mills will likely import less than half of the 1,000,000 metric tons (or 500,000 metric tonnes) of?raw sugar that the government has permitted duty-free. This is because falling domestic sugar prices have reduced the profitability for imports. Last week,…
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US tariffs threaten to halt copper's surplus, as prices reach a new high
Analysts say that the prospect of U.S. tariffs on imports could drive copper prices to record levels, even though there's no shortage of the metal in the world. This is because the incentive to ship to the United States will drain inventories from other countries. After recent orders to remove 65…
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SLB has access to Venezuelan oilfield data via contract, say sources
Three sources said that a contract signed by SLB with Venezuela's PDVSA, the state-run oil company in Venezuela, last week gave the U.S. technology and oil services company access to oilfield data from the nation with the largest crude reserves. According to sources, the?deal?will…
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Spain plans new, stricter data centres rules, sources say
According to government sources, the Spanish government is planning to introduce stricter rules on water, energy, and cybersecurity…
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Siemens Energy sells most of its Industrial Division
Siemens Energy announced on Tuesday that it plans to sell the majority of its division that supplies industrial customers.
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Orlen, a Polish company, aims to double its output in Norway through acquisitions and projects
Polish energy company Orlen wants to double its production from its operations in the Norwegian continental shelf, which…
Latest news
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Fire at Russian chemical gas complex causes three deaths and 150 injuries
The plant's press office reported that three people died and?150 were injured after a fire broke out at a complex of gas…
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Equinor: Iran war makes Tanzania LNG worth multi-billion dollars more attractive
The disruption of energy flows through the Strait of?Hormuz makes it more attractive to Equinor for them to build a long…
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Woodside Energy's profit for the first half of the year beats expectations due to higher oil prices
Woodside Energy announced a 7% increase?in its half-year profits?on Tuesday, driven by a surge in the price of oil due to…
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Shell cancels Aphrodite offshore project in Trinidad: sources
Three people familiar with this decision have confirmed that British energy producer Shell has cancelled its Aphrodite offshore?gas?project…
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US Judge dismisses legal challenge against Trump's offshore drilling expansion
A federal judge in Alaska on Monday dismissed a lawsuit filed by environmental groups to challenge President Donald Trump’s…
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US ethanol credits prices fall after EPA delays biofuel deadline
Market sources reported that 'prices' for U.S. Ethanol Blending Credits plunged to their lowest level in over four months on Monday…
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TotalEnergies CEO: New exploration planned in Norway
TotalEnergies, the French oil giant, will appoint an exploration manager in Stavanger to examine new projects?in?the country.
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Source: U.S. Treasury will expand scope of secondary sanctions against Iran
A source familiar with Trump's plans said that the U.S. Treasury is expected to expand the scope of secondary sanctions the…
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Sources: Vatican to build EUR100 Million Renewable Energy Plant
Sources involved in the project have confirmed that the Vatican plans to build a renewable energy plant worth approximately…
Shale Oil & Gas
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US Judge dismisses legal challenge against Trump's offshore drilling expansion
A federal judge in Alaska on Monday dismissed a lawsuit filed by environmental groups to challenge President Donald Trump’s…
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US sanctions against Iran are being expanded in an 'economic assault'
The Trump administration announced on Monday that it would be expanding the secondary sanctions imposed on countries and…
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TotalEnergies CEO: New exploration planned in Norway
TotalEnergies, the French oil giant, will appoint an exploration manager in Stavanger to examine new projects?in?the country.
LNG
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Cheniere Energy Increase Annual Profit on Strong LNG Demand
Cheniere Energy raised its forecast for annual core profit on Thursday after beating quarterly expectations on robust demand…
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Egypt Looks to Sign Multi-Year LNG Supply Deal
Egypt is in talks with energy majors including Shell, TotalEnergies and BP to buy 15 to 18 cargoes of liquefied natural gas…
Renewables
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US ethanol credits prices fall after EPA delays biofuel deadline
Market sources reported that 'prices' for U.S. Ethanol Blending Credits plunged to their lowest level in over four months on Monday…
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Palm oil falls as Chicago soyoil weakens
Malaysian palm oil futures fell on Monday, ending a five-session winning streak. Weakened soyoil prices and reduced U.S.
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Sinopec's profit for the first half of this year increased 19.3% despite Iran War and falling demand
Sinopec, China, reported a 19.3% increase in net profits for the first half of 2026. This was despite the Middle East conflict…
