Despite threats and attacks by Yemen’s Houthi militants, millions of barrels of Saudi Arabian crude are still being shipped from the nation’s Red Sea coast to the global market. The Red Sea port of Yanbu is one of the oil…
Overseas refiners have increased purchases of U.S. crude oil due to supply concerns in the Middle East and Black Sea. Attacks on Saudi oil tankers and disruptions in Kazakhstan have led to a surge in demand for U.S. crude, with…
Oil prices surged past $100 a barrel on July 23, 2026, driven by renewed Middle East conflict, pushing U.S. gasoline to a national average of $4.09 per gallon. Analysts warn pump prices could climb further in the coming weeks, with…
Oil prices have steadied, with Brent crude falling $3.02 to $97.67 a barrel, despite ongoing concerns over the war in the Middle East and looming tariff hikes. The conflict in the region has threatened to slow the global flow of…
The European Union’s new-car market grew 5.7% year-on-year in the first half of 2026, reaching just under 5.9 million registrations, according to the European Automobile Manufacturers’ Association (ACEA). The June performance was particularly strong, with demand surging 13.6% to over…
Chinese tire giant Doublestar Group has projected a return to profitability in the first half of 2026, driven by the completion of its major asset restructuring with South Korea’s Kumho Tire and the resulting operational synergies. In a 15 July…
Volvo Trucks North America has expanded its partnership with SCS Software to bring the latest Volvo VNL and VNR Electric models into American Truck Simulator. The update went live on July 8, 2026, adding two new drivable trucks to the…
Indian tyre giant Ceat Ltd has confirmed a €25 million investment in its wholly owned subsidiary Tyresnmore Online Pvt Ltd. The funds, equivalent to INR2.74 billion, will be injected via a rights issue of 22,447 equity shares, with allotment expected…
US tire retailer Mavis Tire Express Services has agreed to acquire automotive service chain Pep Boys from Icahn Enterprises in a cash deal worth around $700 million. The acquisition will expand Mavis’ network to more than 4,400 outlets across North…
A fertiliser management technology developed with the participation of Hainan Rubber has increased dry rubber yields by an average of 7.45kg per mu, while reducing fertiliser and labour costs. The technology, which centres on soil improvement, targeted fertilisation, and the…