Permian to US Gulf Coast Crude Pipeline Operational After Oil Spill

By and HOUSTON, May 7 (Reuters) – A pipeline that ships crude ​oil between the Permian basin in ‌West Texas and Houston was fully operational on Thursday after a brief…

US Considers Tapping Oil at Military Bases to Refill Reserve

By The Trump administration is studying using oil under land at US military bases and other Department of War sites to help refill the nation’s depleted emergency reserves, according to…

Western Midstream to Pay $1.6 Billion for Permian Pipelines

By Western Midstream Partners LP agreed to acquire closely-held pipeline operator Brazos Delaware II for about $1.6 billion. The deal, which is expected to close by the end of June,…

Chinese-Owned Oil Tanker Hit Near Hormuz as US Pauses Ship-Protection Plan, Report Says

(Reuters) – A Chinese-owned oil products tanker was attacked near the Strait of Hormuz on Monday, Chinese media outlet Caixin reported, as President Donald Trump launched a U.S. plan that…

Iran Cut Back Oil Production by 400,000 bpd, US Energy Secretary Says

U.S. Energy Secretary Chris Wright said on Thursday that Iran appears to have cut back oil production by 400,000 barrels per day and is likely to reduce it more as…

EU Imports of Yamal Gas Hit Record Ahead of Ban on Russian LNG

The EU boosted its imports of Russian LNG from the Yamal LNG project to a record high in the first four months of 2026, just before the bloc started implementing…

Angola’s First New Refinery in 50 Years Ships Its First Fuel Cargoes

The Cabinda oil refinery in Angola, the first that was built in the country since it gained independence from Portugal 50 years ago, has started shipping fuels to the domestic…

EU: Airlines Should Pay Passengers for Cancelations due to Fuel Price Surge

Airlines will have to continue reimbursing travelers if they cancel flights due to high jet fuel prices, EU Sustainable Transport and Tourism Commissioner, Apostolos Tzitzikostas, told the Financial Times in…

IEA: Tight Gas Markets Will Last Through 2030

The war in Iran and the subsequent loss of LNG supply from the Middle East are altering the medium-term outlook of global natural gas balances, with tighter markets set to…

  • Gas
  • May 7, 2026
Industrial gas majors eye growing role in space launch economy

The rapid expansion of commercial space launches is developing into a potentially significant growth market for industrial gas companies, with Linde indicating the sector could eventually become large enough to…