Crisis and Risk Management news

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  30 March 2026

  PETRONAS Monitors Malaysia’s Fuel Supply

  Fuel supply strained by West Asia crisis—~40% of crude via Strait of Hormuz; crude prices +40%, shipping and insurance up. Domestic demand exceeds supply; govt subsidises RON95/diesel; avoid hoarding.
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  30 March 2026

  LANXESS hikes sulfur-based product prices 40%

  Immediate average 40% price increase on sulfur-based products (sulfuric acid, oleum, sodium bisulfite) due to higher sulfur, logistics and energy costs; adjustment needed to secure supplies.
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  27 March 2026

  Sasol — Middle East developments and business impact

  Middle East conflict disrupted gas supply - ORYX GTL shut; ~60 staff safe. Fuel and chemicals impacted; Secunda/Natref secure inventories and alternative crude; contingencies active.
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  27 March 2026

  LKAB cuts Kiruna production

  Changing rock conditions force temporary shutdown of pellet plant KK3 Apr–Nov, cutting ~2 Mt deliveries in 2026. No layoffs; plant gets maintenance; other mine areas assessed; restart aimed 2027.
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  26 March 2026

  thyssenkrupp Electrical Steel extends Isbergues production cuts amid import crisis

  Below-cost imports forced full Isbergues shutdown Jun–Sep; orders slashed, ~1,200 jobs at risk; company seeks urgent trade protection; customer supply remains guaranteed.
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  26 March 2026

  Equinor completes investigation into Mongstad benzene exposure

  Probe: prolonged benzene exposure during filling—task overran; no re-assessment; respirators insufficient. Naphtha→glycol; more PPE, detector training and a safety engineer; authorities notified.

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  25 March 2026

  Boliden: Seismic damage at Garpenberg cuts production to ~30%

  Seismic activity eased; limited production restarts in Q2 at ~100 kt/month. Major damage in an ore body delays some mining into 2026. Q1 EBITDA impact -SEK400M; zinc grade slightly down.
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  25 March 2026

  BASF raises European standard amines prices up to 30%

  European commodity amines face immediate or per-contract price rises across ethanol, ethylene, methyl/isopropanol and DMF-related amines, due to higher raw-material, energy and logistics costs amid the Middle East conflict.
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  23 March 2026

  ADNOC’s Al Jaber: Weaponizing the Strait of Hormuz Is Economic Terrorism

  Al Jaber says choking the Strait of Hormuz is economic terrorism that raises costs worldwide; it's a security, not supply, issue. Urges open waters, cites UAE resilience and invites leaders to ADIPEC.
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  23 March 2026

  LANXESS raises Polymer Additives prices up to 50%

  Increase reflects cumulative cost rises for energy, critical raw materials and logistics amid geopolitical tensions; aimed at safeguarding long‑term supply reliability and sustainability.
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  20 March 2026

  WACKER raises silicone prices effective April 1, 2026

  Middle East conflict disrupted energy, raw-materials and trade routes, raising oil, gas, feedstock and logistics costs. Silicones unit affected; customers will be notified.
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  19 March 2026

  QatarEnergy: Missile strikes cut LNG export capacity 17%, $20bn annual loss

  Missile strikes at Ras Laffan damaged LNG Trains 4 & 6; repairs may take 3–5 years with force majeure on contracts. Pearl GTL offline ≥1 year; condensate, LPG, naphtha and helium production affected.
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  19 March 2026

  Technip Energies: Gulf region update

  Monitoring Gulf after attacks on Riyadh refinery and Ras Laffan LNG; no injuries or damage at operated sites; precautionary shelter-in-place and relocations; coordinating with authorities.
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  19 March 2026

  Hungary refuses to recognize Croatian convictions against MOL Group CEO

  Budapest court ruled Croatian convictions incompatible with Hungarian law, citing fair-trial and defense breaches, after ICSID/UNCITRAL found no corruption and INTERPOL lifted the warrant
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  19 March 2026

  Equinor Annual Report 2025

  Record production and strong cash results in 2025; safety improved; adjusted operating income $27.6B; production 2,137 mboe/d; renewables +25%; emissions −34% since 2015.
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  19 March 2026

  QatarEnergy: Missile Attacks Damage LNG Facilities

  18 Mar strike at Ras Laffan damaged Pearl GTL. Early 19 Mar missile attacks hit multiple LNG sites, causing large fires and extensive damage; emergency teams responded, no casualties.
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  18 March 2026

  Boliden: Garpenberg mine production suspended after seismic activity

  Garpenberg mine evacuated March 14 after heightened seismic activity; concentrator stopped March 15. Inspections began March 18; gradual restart pending inspections; timing and impact unknown.
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  18 March 2026

  BASF raises European Home Care, I&I and Industrial Formulators prices up to 30%

  Prices increased up to 30% (higher for some items), effective immediately or per contracts, citing raw material volatility, rising logistics, packaging and energy costs across Europe.
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  16 March 2026

  Neste Advocates Strong Anti-Fraud Measures in Biofuels Supply Chains

  Neste emphasizes rigorous supplier audits, traceability, and collaboration to combat fraud in renewable raw materials, ensuring compliance and authenticity in its supply chains.
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  16 March 2026

  Equinor Completes Investigation of Mongstad Fatal Accident

  An internal probe into a fatal crane accident at Mongstad identifies safety improvements for lifting operations. Measures are being implemented to prevent future incidents.
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  16 March 2026

  Garpenberg Mine Incident - Boliden

  A rock fall at Garpenberg mine led to injuries and evacuation due to increased seismic activity. Production halted pending safety inspections.
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  13 March 2026

  MOL and Slovnaft File Complaint Against JANAF's Pricing Practices

  JANAF's pricing is deemed excessive and unjustified, impacting energy supply security. MOL and Slovnaft have raised concerns with the European Commission over these practices.
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  10 March 2026

  Ercros: Selling Shares Means Missing Future Gains

  Shareholders selling now miss future synergies. Bondalti's bid may hinder Ercros' 3D Plan and strategic investments. Energy price risks persist amid geopolitical tensions.
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  10 March 2026

  ABO Energy Bondholders Approve Restructuring

  Bondholders support restructuring, waive termination rights, and elect a joint representative to negotiate agreements, ensuring continued progress for the company's recovery plan.
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  9 March 2026

  MOL Group and JANAF Begin 10-Month Adria Pipeline Capacity Tests

  The Adria pipeline undergoes 10-month tests to assess transport performance, logistics, and capacity, involving international experts. Results aim to resolve capacity debates by 2027.
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  7 March 2026

  Aurubis Hamburg Site Fatal Accident

  A deflagration during routine operations led to a fatality and minor injury. The fire was controlled, and authorities are investigating. No environmental threat occurred.
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  6 March 2026

  Heidelberg Materials Closes Paderborn Cement Plant

  Due to declining demand, the Paderborn plant will close, affecting 53 jobs. Heidelberg offers internal transfers. Quarry and concrete operations remain. Ternocem production moves elsewhere.
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  4 March 2026

  MOL and Slovnaft File Complaint Against JANAF for Monopoly Abuse

  JANAF delays crude oil supply, citing legal checks, despite EU sanctions compliance, causing supply issues for Central Europe. MOL seeks EU intervention for fair access and pricing.
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  4 March 2026

  QatarEnergy Announces Force Majeure

  Production of LNG and related products halted; affected buyers informed. Communication with stakeholders ongoing.
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  3 March 2026

  Grupa Azoty on Fertilizer Order Suspension

  New March orders for nitrogen fertilizers are temporarily suspended, but production continues at full capacity and existing orders are being fulfilled.