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China’s Crude Buying Underscores Demand Resilience April trade data from China added weight to the bullish case. While total crude imports dipped slightly from March, they remained 7.5% higher than the same period last year. State refiners reportedly accelerated purchases during planned maintenance outages, suggesting stockpiling activity and underlying confidence in forward consumption. This data helped alleviate demand-side concerns, particularly as broader Asian consumption remains under scrutiny. OPEC+ Supply Plan Still Looms Over the Market Despite the positive demand signals, the supply side remains a headwind. OPEC+ confirmed it will increase crude production by another 411,000 barrels per day in…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Saudi Aramco reported a fall in first-quarter profits, resulting in a $10bn cut to its dividend and lowering a key source of funds for Saudi Arabia’s budget amid an uncertain outlook for oil prices.The world’s largest oil company’s net income dropped 5 per cent from a year earlier to $26bn. Its average realised oil price was $76.30 a barrel, compared with $83 a barrel in the same quarter last year.While the performance was better than that of some of its peers, including…

LandBridge Company LLC has reported $44 million in revenue for the first quarter of 2025, up from $36.5 million for the fourth quarter of 2024 and $19 million for the corresponding quarter a year prior. The company attributed the sequential increase to increases in surface use royalties of $6.8 million, resource sales of $4.2 million, and resource royalties of $3.5 million. LandBridge said its net income for the quarter landed at $15.5 million, up from $8.2 million for the fourth quarter of 2024 and $10.8 million for the corresponding quarter of 2024. “Our strong start to the year is evidence…

Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. Happy Mother’s Day to anyone celebrating today. I’m Alistair Barr. I’m subbing in this week to get some practice ahead of Tech Memo, a BI newsletter launching very soon. It’s a weekly inside look at Big Tech — what you need to know, what it’s like to work in Silicon Valley, and how to get ahead. I’m paying for two kids in college right now, so do me a solid and sign up here!On the agenda today:But first: Working…

Assam Chief Minister Himanta Biswa Sarma inaugurated a project aimed at supplying natural gas via pipeline to Guwahati city, at an event held at Lok Sewa Bhawan.This development marks the commencement of the project’s first phase, wherein 101 households in the Geetanagar locality have been incorporated. Concurrently, he virtually inaugurated Barak Valley’s first Compressed Natural Gas (CNG) station in Silchar. He also laid the foundation stone for the commencement of piped gas supply works in Hajo, Sualkuchi, Rangia, and Baihata Chariali.Sarma described the pipeline-based natural gas initiative, undertaken by Purba Bharati Gas Private Limited, as a promising step towards a…

As a small business owner, Ramon van Meer said he’s used to hearing people say they’d be willing to pay more for products made in America.When President Donald Trump ratcheted up tariffs on Chinese imports by an additional 145%, van Meer decided to see if shoppers would put their money where their mouth is.”I wanted to know the answer and then use it for my own company,” the Afina founder told Business Insider. So the serial entrepreneur set about finding US suppliers to make his best-selling product: a specialized filtered shower head.Van Meer said his filters are made in the…

This week in ESG news: State Street launches dedicated sustainability stewardship service for investors; Morgan Stanley survey finds growing interest in sustainable investing – especially by younger investors; Microsoft signs another record-breaking carbon removal deal; Google backs series of new advanced nuclear projects; India launches climate finance taxonomy; EU consults on changes to sustainable finance disclosure rules; Trump, Republican AGs sue states over laws fining fossil fuels companies for climate change;  states sue Trump for cancelling renewable energy projects; Iberdrola launches green bond aligned with new “gold standard”; major investor group urges HSBC to confirm commitment to net zero; IKEA’s…

Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | ReutersSaudi Aramco’s first-quarter net profit fell 5% year-on-year amid lower oil prices and production.Net income for the three months to March 31 came in at $26 billion, down from $27.3 billion for the same period last year, the company reported. The figure was slightly above analyst expectations of $25.3 billion.Aramco announced its free cash flow for the quarter at $19.2 billion, down from $22.8 billion in the first quarter of 2024, and…

Populist politicians are striking a chord with the public in their attack on “the green agenda” because they are right – climate policies are elitist. So says the man standing to be the next leader of the UK’s Green party.“We should all be angry about net zero,” argues Zack Polanski, currently the Greens’ deputy leader. “The poorest people in our society are being expected to step up to tackle the climate crisis. But it’s the government’s fault, not the people’s fault.”A cautious approach to net zero is inviting populist opposition, Polanski argues. Instead, we need greater government intervention and an…

Scientists at the Technical University of Munich have reported progress in their research into solid-state batteries. They say they have succeeded in developing a new material made of lithium, antimony and scandium that is able to conduct lithium ions over 30 per cent faster than any previously known material. The team led by Professor Thomas F. Fässler from the Chair of Inorganic Chemistry at the Technical University of Munich, specialising in new materials, replaced some of the lithium in the lithium antimonide compound with the metal scandium. “This creates specific gaps, so-called vacancies, in the crystal lattice of the conductor…