Global Supply Woes Push Copper Past $11,400 Per Ton
Soaring copper orders from South Korea and Taiwan led to the biggest rise in requests for withdrawals from London Metal Exchange warehouses since 2013, pushing copper prices to a new…
China’s Oil Demand to Remain Weak Until At Least Mid-2026
China’s oil demand will likely stay tepid for months ahead, at least until the middle of 2026, according to private refiner Hengli Petrochemical. “It’s difficult to find a very bright…
Soaring U.S. Natural Gas Prices Could Boost Coal Power Generation
U.S. coal-fired power generation is set to rebound in the winter months as surging natural gas prices prompt utilities to switch from gas to using more coal. U.S. benchmark natural…
Pakistan Inks Five Oil and Gas Exploration Deals
Pakistan has signed five deals for oil and gas exploration with local private and state-owned companies that will develop three offshore and two onshore blocks, Pakistani media reported, citing a…
China’s Petrochemicals Surge Raises Global Oversupply Fears
A buildout in new petrochemical capacity in China is fueling fears that the country could tip the global market into oversupply, hurting smaller petrochemical producers. Bloomberg reported today that China’s…
Stefan Messer honoured at inaugural gasworld Global Innovation Awards
Stefan Messer, chairman of Messer’s supervisory board since 2023 and the company’s CEO prior to that through a period of dramatic change, has been recognised with a lifetime achievement award…
Biomethane gaining ground in Europe but has stalled in UK, says study
Europe’s biomethane sector has grown substantially over the past several years with capacity increasing by 37% in the EU between mid-2023 and mid-2024. Despite this growth, the UK biomethane sector…
Amogy secures funding for ammonia-fuelled floating power plants
US ammonia-to-power specialist Amogy has secured an undisclosed investment to accelerate the development and deployment of ammonia-based technologies for zero-emission floating power plants. The funding will be provided by London-based…
USA Gasoline Price Falls to Lowest Level Since May 2021
The average U.S. gasoline price fell to “the lowest level since May 2021” over the weekend, Patrick De Haan, Head of Petroleum Analysis at GasBuddy, highlighted in a blog posted…
Norco grows healthcare network with Petersen Medical acquisition
Employee-owned US industrial gas distributor Norco has expanded its medical footprint with the acquisition of Petersen Medical, a longstanding Utah-based home-healthcare provider. The purchase expands Norco’s medical division, Norco Medical,…
