Energean Slashes Dividend After Israel Gas Shutdown Cuts Output

UK-based oil and gas producer Energean plc on Wednesday slashed its first-quarter dividend and full-year production outlook following a 41-day halt to production at a gas field offshore Israel due…

Woodside CEO: Markets Are Badly Underestimating the LNG Supply Shock

The global gas markets are seriously underestimating how the shock loss of LNG supply from the Middle East will affect the world and economies in the coming months and years,…

Indonesia Tightens Grip on Key Commodity Exports

Indonesia, the world’s biggest nickel producer and top coal exporter, is moving to tighten control over exports of key commodities, Indonesian President Prabowo Subianto said on Wednesday. The government is…

Three Supertankers Carrying 6 Million Barrels Exit Strait of Hormuz

Three commercial supertankers carrying a combined 6 million barrels of Middle East crude oil have successfully exited the Strait of Hormuz, Reuters reports. The vessels departed the strategic waterway on…

UK Eases Some Russian Oil Sanctions as Fuel Prices Soar

As a result of spiking fuel prices and concerns about jet fuel supply shortages, the UK government has waived sanctions on imports of diesel and jet fuel processed from Russia-origin…

  • Gas
  • May 20, 2026
EU approves €288m German state aid for two semiconductor projects

By 32 min ago 2 min read The European Commission has approved €288m ($334m) in direct grants through German state aid to develop two domestic semiconductor facilities and strengthen the…

Oil Prices Slump After Trump Comments While Analysts Point to Supply Crunch

Summary Trump and Vance talk up Iran deal prospects Another two oil tankers exit Strait of Hormuz Official U.S. stockpiles data due at 1430 GMT (Reuters) – Oil prices lost…

Would USA Allow Iran Hormuz Tax In Exchange for Peace Deal?

How likely is it that the U.S. would allow Iran to tax, or impose a toll on, ships transiting through the Strait of Hormuz in exchange for a peace deal?…

  • Gas
  • May 20, 2026
30MW UK-backed green hydrogen project takes FID

By 6 min ago 2 min read The UK Government backed Barrow Green Hydrogen project has reached final investment decision (FID) under the joint venture (JV) between its main developers,…

  • Gas
  • May 20, 2026
30MW UK-backed green hydrogen project takes FID

By 6 min ago 2 min read The UK Government backed Barrow Green Hydrogen project has reached final investment decision (FID) under the joint venture (JV) between its main developers,…