EU reassures airlines on jet fuel supply but keeps close watch
No immediate shortage: the European Commission said there is no evidence of a jet fuel shortage in the EU at present, despite widespread fears stemming from the Iran war. European airlines had earlier urged the EU to implement emergency measures – including fuel monitoring, joint kerosene procurement and suspension of aviation’s carbon market – after […]
Intertek’s potential breakup signals reshaping of energy services
British testing and certification company Intertek is mulling a split of its energy and infrastructure division from its broader testing and assurance business. The news sent Intertek shares up about 14%, indicating investor enthusiasm for a more focused corporate structure. Executives said separating the capital‑intensive energy/infrastructure unit could unlock value by allowing targeted investment and […]
World steel demand forecast slashed amid Middle East turmoil
The World Steel Association (worldsteel) lowered its forecast for global steel demand growth in 2026 from 1.3% to just 0.3%, citing the Iran war’s impact on construction and industrial activity in the Middle East. While demand in China is projected to decline as the property sector stagnates, India remains a bright spot, with strong infrastructure […]
BP’s trading windfall shows how volatility benefits oil majors
BP told investors that its Q1 trading and refining performance will be “exceptional” thanks to the extreme oil price swings caused by the Iran war. Analysts at Citi raised earnings forecasts by about 20 %, expecting higher refining margins and profits from BP’s commodities desk. New chief executive Meg O’Neill has been redirecting spending away from […]