Wholesale Gas Prices Are Reaching Consumers Faster, ECB Says
The surge in wholesale natural gas prices is set to pass through the retail and electricity inflation in the Eurozone faster than in the past, the European Central Bank (ECB)…
Saudi Arabia Reroutes Oil Exports as Houthi Strikes Target Yanbu
Satellite images gathered by Bloomberg show supertankers with capacity for 14 million barrels at Saudi Arabia’s Gulf export terminals over the weekend, the highest tanker count observed since at least…
EFC breaks ground on $210m-backed Texas manufacturing facility
By 56 min ago 3 min read Massachusetts-based EFC Gases and Advanced Materials (EFC) has broken ground on its McGregor, Texas, advanced manufacturing facility to strengthen domestic supply chains for…
U.S. Diesel Hits Record $6.50 as Global Fuel Crunch Deepens
The average retail price of diesel in the United States topped $6.50 per gallon this weekend amid a worsening global fuel crunch that threatens to hit economies, including the world’s…
Norway’s Arctic Oil Pitch Falls Flat in Brussels
The European Commission is expected to keep its current ban on oil and gas drilling in the Arctic despite months-long campaigning from Norway to lift the moratorium, a spokesperson for…
Trafigura Launches Volare Shipping to Cash In on Record Tanker Rates
One of the world’s biggest oil traders, Trafigura, is spinning off its supertanker business in a new company. Trafigura on Monday said it had established a new, dedicated group company,…
India’s Coal Demand Set to Jump 4.2% as Plant Stocks Hit Critical Lows
The share of coal-fired power plants in India running on critically low levels of coal inventory has soared in recent weeks to nearly 40% of all operational coal plants, Reuters…
The $134bn AI wave set to revolutionise semiconductor fabs and gas procurement
By 32 min ago 3 min read Sourcing in the semiconductor industry is complex, involving specialty suppliers that can provide complex or rare gases, chemicals, and equipment. New McKinsey &…
Vorn Bioenergy acquires five biogas plants in Italy
©Vorn Bioenergy / The Martinelle plant is due to be commissioned for biomethane in June 2028 You’ve read 1 of 1 of your free articles this month. By 22 min…
Has the Oil Market Changed Forever?
Has the oil market changed forever following the U.S.-Iran conflict? If so, why? These were the questions Rigzone posed to several oil and gas analysts to try and find out…
