Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
Meta Cloud Ambitions Could Challenge AWS, Azure, and Google Cloud, Says Morgan Stanley 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
easyJet Agrees in Principle to £5.23 Billion Castlelake Takeover Offer 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds 
US-listed Brooge Energy Ltd. expects eight new tanks at its oil-storage terminal in UAE to be fully operational by the end of the year to store a single customer's stock that booked to lease all the additional capacity.
The new tanks of Brooge located at the port of Fujairah will boost its capacity by 3.8 million barrels of crude and refined products, pushing its total storage capacity to 6.3 million barrels.
A planned third phase of expansion that would add a further 22 million barrels of oil storage is set for completion in late 2022, with a potential customer seeking to lease the planned capacity.
Brooge described its negotiations with the potential customer to be in an “advanced” stage.
The storage operator also plans to expand to produce low-sulfur fuel oil and build a 25,000-barrel-a-day refinery to be operational in the third quarter of 2021.
Brooge suffered a $77 million loss in 2019 loss after earning $16 million in 2018.
It has so far recorded a revenue of $44 million this year, which it expects to rise later in 2020 with the start of the new tanks.
With the coronavirus pandemic pulling down fuel demand, traders began looking for more oil storage.
