Polish PM Donald Tusk cautioned against a political conflict with Ukraine, calling it a strategic mistake. This follows Poland revoking Zelenskyy's top honor after he supported renaming a unit after nationalists who massacred Poles in WWII. Meanwhile, Ukraine's attacks on Russian fuel supplies in Crimea have led to civilian gas sales suspension.
Anthropic co-founder Boris Cherny now advocates for loop engineering, where AI agents self-generate and refine prompts, moving beyond manual prompting. This shift mirrors sentiments from other AI leaders like OpenAI's Peter Steinberger and Google's Addy Osmani, who see AI agents operating more like managed employees than tools.
Ukraine has successfully attacked an oil refinery in Russia's Tyumen region, over 2,000km from its border, using newly developed long-range drones. President Zelenskyy confirmed the operation, highlighting the drones' capability to travel over 3,000km. Meanwhile, Russia struck Zaporizhzhia, killing five people.
Ukrainian President Volodymyr Zelensky announced that Ukrainian drones struck an oil refinery in Russia's Tyumen Region, over 2,000 km from Ukraine. He also revealed the development of new long-range drones capable of operating over 3,000 km.
Ukrainian President Zelenskyy gave Belarus one week to remove Russian military equipment used in attacks on Ukraine, threatening to do so himself. He also highlighted Belarus's role in supplying Russia's oil refining industry and the Russian army. Meanwhile, EU leaders discussed diplomatic channels with Russia, and Poland's president threatened to revoke an honor for Zelenskyy over renaming a military unit.
India's crude oil imports from Russia are projected to reach an all-time high of 2.35 million barrels per day in June, driven by Strait of Hormuz disruptions and continued demand. Russia has become India's primary supplier since the US-Iran conflict began.
Crimea has banned nighttime rides on mopeds, quad bikes, and motorcycles, citing their noise resemblance to drone attacks and alleging children are deliberately involved. Ukraine has intensified drone attacks on the peninsula, impacting supply routes and fuel availability. Meanwhile, a Ukrainian drone hit a Moscow refinery, halting operations, and Russia's strikes killed at least eight people across Ukraine.
China's crude oil production rose 1.1% to 91.31 mln metric tons in January-May 2026. However, crude oil processing volumes in May fell 9.1% year-on-year. Natural gas production increased 1.7% in the same period, while coal output declined.
Ukraine launched long-range missile and drone attacks deep inside Russia, hitting a military factory in Cheboksary and oil refineries in Samara and Vladimir regions. President Zelenskyy declared a new 'Day of the Unmanned Systems Forces'. Meanwhile, Russia reported arrests in Moscow car bombings and continued attacks on Ukraine's Black Sea ports.
Middle East oil official states refining capacity lost 3 million barrels daily (2020-2023). Market also lost 14 million barrels daily from Middle East producers due to war on Iran, infrastructure attacks, and Strait of Hormuz closure.
Groq aims to raise $650 million from existing investors to expand its inference neocloud business, leveraging its AI chip and systems, following a $20 billion licensing deal with Nvidia.
Fuel prices in India have seen a fourth hike in 11 days, with cumulative increases nearing Rs 7.5 per litre. This follows a rise in global crude oil prices due to US-Israeli strikes on Iran, impacting refining margins and import costs. States face pressure to cut VAT as prices reach highest levels since May 2022.
Petrol and diesel prices in India saw another hike of 87-91 paise per litre on Saturday, bringing the total increase in less than 10 days to nearly Rs 5 per litre. This rise is attributed to increasing international crude oil prices and a weaker rupee.
China's oil and gas production increased by 1.3% and 2.7% respectively in January-April 2026. However, oil refining saw a 0.5% decrease. Russia remains China's top energy supplier, with oil imports down but LNG and Power of Siberia pipeline gas up.
China has launched its first domestically produced racing fuel, debuting at the China Taklimakan Rally. Developed by Sinopec Group and Zhenhai Refining & Chemical, it aims to end reliance on imports for high-level competitions, addressing issues of cost and supply chain instability.
Tian Yuandong, ex-Meta AI research director, co-founds Recursive Superintelligence, raising $650M at a $4.65B valuation to develop self-improving AI systems capable of autonomous code refinement and reasoning.
SEOUL, May 11 (Yonhap) -- S-Oil Corp., South Korea's third-largest refiner by sa...
Neeraj Chopra is nearing a comeback after a 232-day break focused on rehabilitation from groin, ankle and back injuries. The Olympic champion has been rebuilding fitness and refining technique ahead of the 2028 Los Angeles Olympics. Potential return events include meets in Poland, Finland and Czechia, while his main target remains defending his Asian Games title later this year.
Neeraj Chopra is nearing a comeback after a 232-day break focused on rehabilitation from groin, ankle and back injuries. The Olympic champion has been rebuilding fitness and refining technique ahead of the 2028 Los Angeles Olympics. Potential return events include meets in Poland, Finland and Czechia, while his main target remains defending his Asian Games title later this year.
Krunal Pandya reflects on his 11-season IPL journey, crediting adaptability, fitness and constant reinvention for his longevity and success with Royal Challengers Bengaluru. The left-arm spinner discusses refining his bowling for bounce and deception, embracing challenges, and staying driven by an ambition to return to India’s national team. Gratitude, resilience and evolution remain central to his career and mindset.
The vessel reached the shore in the Sodegaura area, where refining facilities of several Japanese companies are located
Brazilian President Luiz Inacio Lula da Silva told US President Donald Trump on Thursday that his country’s rare earth reserves are open to investment from China and any other nation willing to process the minerals on Brazilian soil, resisting pressure to side with Washington in its contest with Beijing over critical mineral supply chains. “We have no preference. What we want is to share with whoever wants to invest in Brazil,” Lula said at a press conference at the Brazilian embassy in...
According to Dubravka Djedovic-Handanovic, the issue is the future operation of the Pancevo refinery, crude oil refining capacity, and the mechanisms that will guarantee compliance with the agreements
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warDanny Gross, climate campaigner at Friends of the Earth, says Shell’s profits are ‘indefensible’, after the company doubled its quarterly earnings to $6.9bn this morning.Gross says:“Once again, fossil fuel giants are pocketing monstrous profits while drivers are being squeezed at the petrol pump and households are set to pay higher energy bills.“Our fossil fuel-reliant energy system siphons money away from ordinary people to the rich and powerful.“In the twenty-first century we have cheaper, cleaner alternatives that we can use to power Britain without anybody being bombed. We don’t need to let the fossil fuel industry hold us to ransom and pass on the costs of endless wars and limitless pollution.The cost of living crisis, the climate crisis, the middle-east crisis, these are all oil industry operating costs. We need to stop subsidising them, introduce new taxes to make them pay and start taxing their obscene profits properly.”Adjusted Earnings, compared with the fourth quarter 2025, reflected higher contributions from trading and optimisation mainly impacting our Downstream, Renewables and Energy Solutions businesses, higher realised prices, higher refining margins, lower operating expenses and higher Lubricants margins, partly offset by lower volumes.“While people around the world struggle with soaring energy costs, Shell is raking in billions in added profit. The same crisis that is driving these windfalls is pushing millions closer to hunger and hardship.“Governments must act now to tax these excess profits and use the money to protect vulnerable households and expand affordable, homegrown renewable energy. Continue reading...
