The expansion involves the addition of two 300 TPD furnaces, SG-4 and SG-5, and was earlier expected to be completed by December 2026
The attacks followed recent Houthi advances along Yemen’s western coastline, including the capture of Perim Island at the entrance to the Red Sea
Brent crude futures rose $3.21, or 3.1 per cent, to $107.82 a barrel by 1218 GMT, after touching an intraday high of $108.65
The International Energy Agency (IEA) had previously expected global coal consumption to decline slightly this year
The latest increase followed fresh military action involving the US and Iran as well as attacks by Iran-backed Houthis on Saudi Arabia, adding to uncertainty over energy supplies from the region
Brent crude futures rose $2.11, or 2.40 per cent, to $90.20 a barrel, while US West Texas Intermediate (WTI) crude gained $1.89, or 2.27 per cent, to $85.30 a barrel
Brent crude futures fell 0.7 per cent to $87.24 a barrel in early trade, marking a fourth consecutive session of losses
