Maersk sees no Suez Canal return until ‘well into 2025’ due to Red Sea threat
A.P. Moller-Maersk expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through the…
Lineage celebrates grand opening of next-generation automated warehouse in Hazle Township, Pa.
Lineage, Inc. (the “Company”), the world’s largest global temperature-controlled warehouse REIT, celebrated the grand opening of its new, fully automated cold storage warehouse in Hazle…
Brewers’ volumes disappoint as drinkers buy less beer
Two of the biggest brewers, Anheuser-Busch InBev and Carlsberg, sold less than forecast in the third quarter as consumers, particularly in China, cut their spending…
Woodside and Tokyo Gas in discussions over stake in US LNG project
Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, according to two…
US LNG exports to rise at smallest pace since 2016
U.S. liquefied natural gas exports this year will rise about 2%, analysts estimate, the smallest annual increase since 2016 when the first big U.S. LNG…
TotalEnergies Q3 income hits three-year low as refining margins plunge
French oil major TotalEnergies third-quarter profit hit a three-year low of $4.1 billion on Thursday, slightly missing expectations as refining margins and upstream outages dragged…
Oil rises as fuel demand grows and OPEC+ could delay output hike, US election looms
Oil prices ticked up 1% on Thursday as investors considered stronger U.S. fuel demand and reports that producer group OPEC+ could delay a planned output…
PBF Energy posts weak Q3 results, set to cut $200 million of costs in 2025
U.S. refiner PBF Energy plans to save around $200 million in operating costs and expenditures by the end of 2025 through efforts including energy reduction…
US oil output hits monthly record high in August, EIA says
U.S. oil production rose 1.5% in August to a monthly record high of 13.4 million barrels per day (bpd), the U.S. Energy Information Administration (EIA)…
Carlyle sells holding in Tunisia-focused Mazarine Energy to CEO
Private equity giant Carlyle Group has sold its majority holdings in Tunisia-focused oil and gas producer Mazarine Energy to the company's CEO Edward van Kersbergen,…
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