US Natural Gas Futures Dip on Lower Flows to LNG Export Plants

By US natural gas futures ended lower as domestic gas flows to liquefied natural gas export terminals along the US Gulf Coast dropped for a third consecutive day. The reduction…

US States Sue Trump Administration and TotalEnergies Over Offshore Wind Cancellation

June 2 (Reuters) – Seven U.S. states led by New York sued the Trump administration on Tuesday for cancelling a major offshore wind ​lease off the coast of New York…

China Solar Makers Launch Space Energy Development Alliance

China’s solar manufacturing industry on Tuesday launched a so-called Space Energy Development Alliance as the Chinese solar sector looks to conquering new frontiers amid oversupply at home. At this year’s…

HSBC Flags a Super-Squeeze In the Oil Market

The Middle East crisis and the still closed Strait of Hormuz have created a “super-squeeze” in oil markets, which could lead to sharp price spikes, analysts at HSBC say. Prices…

IEA: Global Oil Stocks on Track for Historical Lows Ahead of Summer Peak

The International Energy Agency (IEA) has warned that global oil markets could enter a “red zone” in July and August as rapidly depleting crude inventories coincide with the onset of…

JP Morgan Sees Increasing Monthly Oil Demand Losses

In a report sent to Rigzone recently by Natasha Kaneva, J.P. Morgan’s head of global commodities strategy, analysts at J.P. Morgan, including Kaneva, revealed that they were tracking increasing monthly global…

  • Gas
  • June 2, 2026
MHI advances tech that could boost biogas production by 40%

By 11 min ago 2 min read A system under development by Mitsubishi Heavy Industries (MHI) that could boost biogas generation by almost half has been verified by the Japan…

  • Gas
  • June 2, 2026
Plug sells $39.2m tax credits from Louisiana hydrogen liquification site

By 32 min ago 3 min read Plug Power has sold $39.2m of tax credits awarded to its 15-tonne-per-day hydrogen liquefication plant in Louisiana, US, as it looks to buoy…

  • Gas
  • June 2, 2026
Central Welding Supply acquires Washington gas equipment servicing company

By 55 min ago 1 min read US industrial gas and welding supplies company Central Welding Supply has acquired Washington-based gas and welding equipment servicing business Torch and Regulator Repair (T&R…

$90 Oil Could Lift India’s Inflation to 4.8% and Slow GDP Growth

India’s inflation is set to accelerate to 4.8% in the fiscal year 2027, if oil prices average $90 per barrel through March next year, Indian wealth and asset manager 360…