Chinese refiners delay projects as Middle East oil supply disruptions persist, Reuters reports.

Permian Basin drillers profit from Iran war-driven oil rally but pay customers to take natural gas, Bloomberg reports

Two extremes are playing out in the Permian Basin: drillers are benefiting from a historic oil-price rally driven by the Iran war, while having to pay customers to take away their natural gas.

JPMorgan warns of potential oil crisis if Strait of Hormuz remains blocked past June. Bank flags risk of supply disruption in key chokepoint.

JPMorgan warns of a potential oil crisis if the Strait of Hormuz remains blocked past June.

Alibaba forms new unit to consolidate model-development teams, SCMP reports.

Alibaba has formed a new unit to consolidate its model-development teams, according to the South China Morning Post.

Eight workers killed, six injured in molten steel ladle explosion at Vizag steel plant in Visakhapatnam, Andhra Pradesh, police say. Emergency response teams deployed to the site.

At least eight workers were killed and six others injured after a ladle carrying molten steel exploded at a steel plant in Visakhapatnam, Andhra Pradesh, India, on Monday, according to police.