IEA Revises 2026 Forecast: Oil Deficit Widens as Iran War Cuts Production

Global oil demand is set to exceed supply in the current year amid the ongoing conflict in the Middle East, reversing previous projections of a surplus. According to the May…

  • Gas
  • May 13, 2026
Messer names new CEO in suite of leadership changes

By 49 min ago 2 min read Industrial gas firm Messer has named a new CEO in a suite of changes to its leadership team. Bernd Eulitz, Deputy CEO since…

  • Gas
  • May 13, 2026
E-fuels firm Liquid Wind is up for sale after declaring bankruptcy

Örnsköldsvik project © Övik Energy By 33 min ago 2 min read Swedish green hydrogen-based e-fuel firm Liquid Wind and its subsidiaries are now up for sale after the firm…

  • Gas
  • May 13, 2026
Natural hydrogen firm secures €31m to carry out exploration campaign

By 41 min ago 2 min read French start-up Mantle8 has raised €31m ($36.3m) in Series A funding to finance an exploration and drilling campaign to develop sources of high-purity,…

Oil Little Changed as Trump Heads to China

Oil little changed as Trump heads to China Summary Oil prices remain above $100 per barrel Investors await Trump-Xi meeting in Beijing US inflation posts largest gain in three years…

US EIA Concedes Middle East Supply Disruptions are Far Worse Than Prior Estimates

Reuters The U.S. Energy Information Administration on Tuesday revised its earlier forecasts to reflect a much bigger and lengthier hit to global oil supplies from the Iran war than it…

Europe’s Gas Industry Seeks Relief From Storage Mandates

European Union gas industry lobby groups are urging Brussels to relax gas storage refill targets amid the supply crunch prompted by the war in the Middle East. The EU has…

Citi Sees India’s Power Demand Rising 5%-6% Annually Amid Energy Buildout

India’s power sector is set to grow by 5-6% each year in the medium term as investments in both thermal and renewable power generation are projected to surge amid growing…

Japan’s Refinery Utilization Hits 73% as Strategic Oil Stocks Flow In

Japan’s refinery utilization rates are rebounding in May as releases from petroleum reserves and increased supply of non-Middle East crude are easing the crude supply crunch seen in March and…

Rising Jet Fuel and Ticket Prices Could Disrupt Summer Air Travel

Summer travel could be disrupted for millions of airline passengers as airlines pass on higher jet fuel prices onto air fares and cancel unprofitable routes, according to the global association…