Middle East
Kuwait's KPC signs $16-B lease and leaseback deal for oil pipeline network
Under the investment called Project Peregrine, KPC's unit Kuwait Oil Company (KOC) is establishing a joint venture with the three global investors in a lease and leaseback structure for a 20.5-year period that includes a volume-based tariff.
Middle East crude premiums surge, Asian refiners seeking alternatives
The attacks in the Red Sea by Yemen's Iran-aligned Houthis came after renewed U.S. and Iran strikes in the Middle East and shipping blockades on traffic through the Strait of Hormuz again choked oil shipments through that crucial waterway, slowing crude oil and fuel exports to Asia.
Opinion: Cutting off Red Sea oil route may be one crisis too many
Nearly two weeks into the renewed conflict between the United States and Iran, tensions in the Middle East rose sharply after the Iran-backed Houthi militia on Monday declared a blockade against Saudi vessels seeking to pass through the Bab el-Mandeb Strait at the southern entrance to the Red Sea.
Two tankers carrying Saudi crude make U-turns in Red Sea after Houthi warning
The Houthis on Monday declared a naval blockade against Saudi Arabia, opening a potential new front in the U.S.-Israeli war with Iran and raising the threat to global energy supplies and trade beyond the Gulf.
- Anton Paar launches Autosorb 3300: An advanced flow chemisorption analysis for catalyst characterization 7/31
- China's MIIT recognizes DODGEN melt crystallization technology for 72% energy reduction in ethylene carbonate purification 7/31
- Lydian secure $43 MM Series A funding to deliver cost-competitive SAF at commercial scale 7/31
- PureField launches 150,000-tpy CCS facility in Kansas (U.S.) 7/31
- ADM to expand North America crush capacity amid strong biofuels demand 7/31
- U.S. refiner Valero says tax credit overhaul, registration hurdles have slowed biofuel imports 7/31
