U.S. natural gas futures climbed about 3% on Tuesday on rising flows to liquefied natural gas (LNG) export plants and forecasts for record power demand in some parts of the country as homes and businesses crank up air conditioners to escape a brutal heat wave. Front-month gas futures for August delivery on the New York Mercantile Exchange rose 10.2 cents, or 3.2%, to $3.283 per million British thermal units. For the month, the front-month was down less than 1% in June after soaring about [Read more]
Iran war and AI boom drive wild ride on global markets
Investors have had to gulp down the motion-sickness tablets this year as the turmoil from the Iran war has clashed with a seemingly unstoppable boom in all things AI and otherworldly. Global stocks are now $7 trillion higher than at the end of 2025, even though the war caused a $9 trillion drop in March, when oil shot to $120 a barrel and hopes of lower interest rates were dashed. South Korea's stock market has surged by 100% and Elon Musk's $2 trillion SpaceX has blasted off, but the [Read more]
Shell expects 65% rise in global LNG demand by 2050
Global liquefied natural gas demand is expected to rise by around 65% by 2050, driven largely by Asia as countries seek lower-emission alternatives to coal and data centres boost power demand, Shell said in an annual report on Tuesday. Global demand is likely to reach nearly 700 million metric tons a year by that date, the world's largest trader of the superchilled fuel said in its 2026 LNG Outlook. LNG trade, which reached 422 million tons in 2025, had been set to increase in 2026, it added. [Read more]
Asia’s crude oil imports tick up in June but uncertainty reigns: Russell
Asia's seaborne imports of crude oil lifted slightly in June but stayed near their lowest in more than a decade as the impact of Iran conflict crimped shipments from the Middle East. The top importing region is forecast to receive 20.71 million barrels per day (bpd) in June, up fractionally from May's 20.39 million bpd and nearly 2 million bpd more than the 18.77 million bpd in April, which was the lowest since November 2015, data from commodity analysts Kpler shows. However, despite the [Read more]
Hormuz half-open: tanker fleet prices in recovery hope: Maguire
The world's oil tanker fleet is behaving as if the Strait of Hormuz is reopening — even as the waterway itself remains only partially navigable and politically contested. From ship tracking data to freight rates, the signals are clear: owners and charterers are moving early to position vessels for a return to Gulf exports. But the gap between expectation and reality remains wide, leaving the global oil shipping system in a fragile middle ground between crisis and recovery. SIGNS OF [Read more]
Trump urges gasoline retailers to lower prices, warns of ‘big problems’ if they don’t
U.S. President Donald Trump said on Monday gasoline retailers must get prices down immediately and warned that there will be "big problems" ahead if they did not do so. Here are details: * "Gasoline Retailers must get their Prices down, IMMEDIATELY," Trump wrote on Truth Social. * "There will be no gauging, which is totally illegal. If Retailers don't do this, big problems lie ahead! Start targeting around the $2.50 a Gallon number," he wrote. * Last week, Trump said he has [Read more]
US leads global CO2 emissions increase in 2025, report finds
The United States accounted for about a third of the rise in global carbon emissions in 2025, as higher gas prices pushed power producers back to coal, an Energy Institute report showed. Here are highlights from the report, produced in partnership with Ember, Kearney Institute and KPMG: * U.S. coal consumption jumped 10% last year, reversing a shift towards cleaner fuels and helping lift overall emissions. * Global carbon emissions from the energy sector rose 1.1% to 35,806 million [Read more]
Oil stocks in US Strategic Petroleum Reserve fall by 5.5 million to lowest level since 1983
Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by 5.5 million barrels to 325.7 million barrels, the lowest level since May 1983, according to data from the Department of Energy. The drawdowns are a part of a U.S. agreement to release 172 million barrels from the facility to plug a gap in global inventories after the Iran war and help push down fuel prices. U.S. crude stocks have rapidly declined in recent weeks due to strong export and refining demand for American [Read more]
De-mining of the Strait of Hormuz to be carried out only by Iran, deputy foreign minister says
The removal of mines from the Strait of Hormuz is to be carried out solely by Iran according to the Islamabad MoU between Tehran and Washington, Iran's Deputy Foreign Minister Kazem Gharibabadi said in a post on X on Monday, in response to French President Macron's comments on the subject. Emmanuel Macron said on Monday that France and Oman are working together to de-escalate tensions in the Middle East and will cooperate with their partners on clearing mines from the Strait of Hormuz. The [Read more]
Iraq’s push for bigger OPEC quota driven by revenue pressures, new oil investment
An economic crisis caused by the Iran war and a fresh surge of investment by oil majors are driving Iraq's aggressive push for a higher OPEC production quota, potentially placing it on a collision course with the producer bloc. The pressure from Baghdad adds to the challenges confronting the Organization of the Petroleum Exporting Countries, still reeling from the conflict's fallout and the shock departure of the United Arab Emirates after nearly 60 years as a member. The war, which forced [Read more]
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