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Offshore Norway said if oil and gas workers strike from June 5, Norway offshore output would fall by about 45,500 barrels of oil equivalent per day.

2026-06-03

Offshore Norway said if oil and gas workers strike from June 5, Norway offshore output would fall by about 45,500 barrels of oil equivalent per day.

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2026-06-03

Security in the Strait of Hormuz has deteriorated amid US‑Israel‑Iran fighting, prompting Danish shipping giant Maersk to suspend vessel transits and activate contingency plans, including land routing of cargo. Maersk’s chief commercial officer Carst

Security in the Strait of Hormuz has deteriorated amid US‑Israel‑Iran fighting, prompting Danish shipping giant Maersk to suspend vessel transits and activate contingency plans, including land routing of cargo. Maersk’s chief commercial officer Carsten Kildahl said the measures protect crew but are creating severe economic pressure: direct Gulf trades and other routes face higher costs from rerouting and rising fuel, with incremental expenses already exceeding $500m/month. The group cannot absorb the full burden and will pass some costs to customers, many of whom are also facing higher raw‑material prices. Industry contacts say higher transport and production costs may feed through to consumer prices.
2026-06-03

According to Hong Kong Stock Exchange filings, Tencent Holdings (00700.HK) repurchased 275,500 shares on June 3, at a cost of HK$127.4 million.

According to Hong Kong Stock Exchange filings, Tencent Holdings (00700.HK) repurchased 275,500 shares on June 3, at a cost of HK$127.4 million.
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