Keywords: Energy


HF Sinclair beats market expectations as stronger refining margins boost quarterly results

U.S. refiner HF Sinclair delivered a stronger-than-expected second-quarter performance, benefiting from improved refining margins and increased demand for American fuel exports amid ongoing geopolitical tensions in the Middle East. The Dallas, Texas-based energy company reported adjusted earnings of......

Forbes estimates Aziz Akhannouch’s fortune at $1.6 billion as debate over business and politics continues

Moroccan Prime Minister Aziz Akhannouch remains at the center of a broader debate over the relationship between political power and private business, as international reports highlight his wealth, his extensive investments and the economic influence of the Akwa Group. According to figures attributed......

Morocco strengthens its position in electric vehicle battery supply chains

Morocco is steadily emerging as a strategic player in the global supply chains for electric vehicle batteries, supported by its abundant mineral resources, strategic geographic position and extensive network of trade agreements. According to the International Energy Agency's Global Critical Minerals......

Dollar falls in global markets as US strikes on Iran are paused

The US dollar weakened against major currencies at the start of the week as investors responded positively to the temporary suspension of American air operations against Iran and a decline in oil prices. The dollar index, which measures the performance of the US currency against a basket of six major......

India's MRPL avoids Red Sea and Strait of Hormuz in new crude oil tender

India's state-owned Mangalore Refinery and Petrochemicals Ltd (MRPL) has revised its crude procurement strategy by requesting suppliers to avoid transporting oil through the Red Sea and the Strait of Hormuz, reflecting growing concerns over the security of two of the world's most critical maritime......

Italgas posts 25% increase in first-half earnings after 2i Rete Gas acquisition

Italgas, Europe's largest gas distribution company, reported a strong financial performance in the first half of 2026, with core earnings rising by 25% year-on-year as the group benefited from operational improvements following its acquisition of rival 2i Rete Gas. The Italian energy infrastructure......

Trump freezes plans to escalate against Iran as global media assess the shift

US President Donald Trump has reportedly suspended plans to expand military operations against Iran, according to reports in international media, amid concerns over the potential consequences of a broader conflict and pressure on US air-defense resources in the Middle East. The reported decision comes......

CATL-Stellantis battery plant in Spain to bring Chinese workforce during construction phase

The joint battery factory project developed by CATL and Stellantis in northeastern Spain will rely on a significant Chinese workforce during its construction phase, as the partners accelerate efforts to establish a major electric vehicle battery production hub in Europe. The facility, located in the......

Oil prices plunge more than 5% as hopes for a US-Iran agreement return

Oil prices fell sharply in Asian trading on Monday, dropping by more than 5% as investors reacted positively to the absence of new US strikes against Iran and renewed hopes that diplomatic talks could help ease tensions between Washington and Tehran. After around 30 minutes of trading, Brent crude,......