Oil Prices Crash as Traders Bet the War Is Over

The oil market just did something remarkable. After spending months pricing in tanker attacks, shut-in production, damaged LNG facilities, and the largest supply disruption in modern oil market history, traders…

US Crude Oil Inventories Down Again, Losing 52 Million Barrels in 9 Weeks

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 8.33 million barrels in the week ending June 12. Analysts had expected a 4.5…

Oil Tankers Reverse Course on Hopes of Hormuz Reopening

Two tankers that were heading to Africa have changed course and are now moving to the Middle East, Bloomberg reported today, citing ship-tracking data. One of the tankers, a Suezmax,…

China Bets on Ultra-Deep Shale Gas to Boost Energy Security

China’s state-owned oil and gas major and top refiner Sinopec is ramping up exploration in the shale formations of the Sichuan basin with a view to increasing the country’s shale…

China’s Gasoline Car Market Is Crashing as Fuel Prices Surge

Gasoline car demand in China is slumping on higher fuel prices resulting from the crisis in the Middle East, with gas guzzlers such as Range Rover, fetching discounts of up…

Qatar Prepares LNG Comeback Ahead of Hormuz Reopening

Qatar has started to return LNG tankers back to the Middle East in anticipation of an imminent reopening of the Strait of Hormuz that would allow the world’s second-biggest LNG…

  • Gas
  • June 17, 2026
Air Liquide to support 90,000 Spanish patients with AI-enabled homecare

By 34 min ago 3 min read Industrial gas major Air Liquide has secured a four-year homecare contract in Spain’s Valencia region that will see it provide more than 90,000…

Oil Prices Steady as Investors Weigh Peace Deal, IEA Glut Forecasts

Get the Latest US Focused Energy News Delivered to You! It’s FREE: Summary Details emerge of interim U.S.-Iran peace deal IEA sees supply significantly overtaking demand next year U.S. crude…

GOING DEEPER: Understanding the U.S. Strategic Petroleum Reserve (SPR) – How It Works & More

By EnergyNow Editorial Staff The U.S. Strategic Petroleum Reserve (SPR) is the world’s largest government-owned emergency crude oil stockpile. It was created after the 1973 Arab oil embargo to protect…

Developing World Won’t Completely Entrust Energy Security to the US, Says Cheniere Energy’s CFO

Developing world won’t completely entrust energy security to the US, says Cheniere Energy’s CFO Cheniere Energy does not expect developing countries to rely solely on the U.S. for their energy…