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…
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…
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…
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…
Oil Pulls Back as Trump Claims Lebanon Ceasefire Deal Is Within Reach
The oil price rally lost steam after President Donald Trump’s diplomatic efforts to de-escalate tensions in Lebanon calmed commodity markets, pushing global oil prices lower and allowing crude to ease…
Venezuela Oil Exports Hit 7-Year High
Venezuela’s oil exports inched up from April to hit a fresh seven-year high in May as shipments to the United States and India continued to rise. Venezuela exported an estimated…
Pure DC claims European first cross-border biomethane purchase for data centre
By 2 min ago 4 min read Pure Data Centres Group (Pure DC), the pan-European and Middle East developer and operator of hyperscale cloud and AI data centres, claims to…
OCI to divest 50% of nitrogen business to Agrofert for €55m
By 18 min ago 2 min read Energy and chemicals firm OCI Global has agreed to sell 50% of its nitrogen business, Nitrogen Intermediate Holding, to European nitrogen products manufacturer…


Qatar Offers First Crude Loadings to Buyers Since War Began
China’s Crude Imports Set to Hit Weakest Level Since 2016
Kazakhstan Cuts Gas Output after Drone Strike on Russian Processing Plant
Hormuz Shipping Confidence Is Still Shaky
Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens
Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit
US electricity demand to rise 21% by 2030
Oil Set for Hefty Weekly Losses as Tankers Exit Strait of Hormuz
Trump Clean Energy Tax Credit Cutoff Drives Project Rush as Prices Set to Soar
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