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Representative image of the United States Strategic Petroleum Reserve and oil infrastructure as the Trump administration authorises a 172 million barrel SPR drawdown while 32 International Energy Agency nations coordinate the largest emergency oil release in history to stabilise global crude markets.

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Representative image showing an oil tanker under attack in the Strait of Hormuz as tensions involving Iran’s Islamic Revolutionary Guard Corps raise fears of a major supply disruption that analysts warn could push global oil prices toward $200 per barrel.

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Eagle Materials divests concrete and aggregate assets to Teichert

US building material company Eagle Materials has divested its Western Aggregates and Mathews Readymix operations for $93.5 million…

byPallavi Madhiraju

April 19, 2020

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