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The Latest Breaking News from Natural Gas

Oil Price Today (July 13): Crude oil up almost 5%, nears $80 as US, Iran unleash more strikes. $100 in sight?

Brent crude futures advanced $3.34, or 4.38%, to $79.5 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $3.07, or 4.30%, to $74.20 a barrel. The latest rally comes after both benchmarks climbed 5.5% last week, with WTI once again trading above $74 a barrel. European natural gas futures…

The Economic Times

Hormuz Stays Open as Iran–US Strikes Lift Oil Prices Amid Gulf Tensions

Hormuz Stays Open as Iran–US Strikes Lift Oil Prices Amid Gulf Tensions

Shipping through the Strait of Hormuz remains open despite Iranian claims that it has shut the key transit route for oil and natural gas to traffic.

Nat-Gas Prices Fall on Cooler Weather and Ample Supplies

Nat-Gas Prices Fall on Cooler Weather and Ample Supplies

August Nymex natural gas (NGQ26 ) on Friday closed down -0.072 (-2.39%). Nat-gas prices added to Thursday’s losses on Friday and posted a 1.5-month low. Nat-gas prices are under pressure as US weather forecasts shifted to show cooler weather in the coming weeks, which could potentially curb demand for gas-fired...

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Is it Time to Put Natural Gas on Your Radar?

Now that we are in the heart of summer, the shoulder season in natural gas is over, as cooling demand increases natural gas requirements. While the energy commodity that generates electricity tends to peak during winter and the heating season, above-average temperatures during summer can push prices higher.

Iceland heats almost every home with volcanic heat, pumping naturally heated water from deep beneath its active volcanic landscape instead of burning coal, oil, or natural gas

Iceland harnesses Earth's natural heat for widespread geothermal energy. This system provides heating and hot water to nearly ninety percent of households. Geothermal energy also supports various industries and electricity generation in the country. The nation's long-term investment demonstrates a successful renewable energy transformation. Iceland's model offers valuable lessons for…

The Times of India

Current price of oil as of July 10, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

LNG tankers return to Strait of Hormuz despite renewed Middle East tensions

Liquefied natural gas tankers have resumed transiting the Strait of Hormuz recently. Twenty-two Japan-linked vessels exited the Gulf since Tuesday, Tokyo confirmed. This occurred despite renewed fighting and attacks on commercial shipping. Several ballast LNG tankers entered the strait in recent days. Japan-linked vessels in the Gulf have significantly decreased…

The Economic Times

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Above-Average Build in Gas Storage Weighs on Nat-Gas Prices

Above-Average Build in Gas Storage Weighs on Nat-Gas Prices

August Nymex natural gas (NGQ26 ) on Thursday closed down -0.200 (-6.23%). Nat-gas prices tumbled to a 1.5-month low on Thursday and settled sharply lower. Above-average weekly US nat-gas storage levels undercut prices. The EIA reported on Thursday that weekly EIA nat-gas inventories rose by +61 bcf for the week...

Current price of oil as of July 9, 2026

Current price of oil as of July 9, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

US Stock Market: Meta unveils C$13 billion AI data centre in Canada; stock in focus

US Stock Market: Meta unveils C$13 billion AI data centre in Canada; stock in focus

Meta Platforms will invest C$13 billion in its first Canadian data centre. This facility in Sturgeon County, Alberta, will support artificial intelligence infrastructure expansion. The project highlights Alberta's energy advantages and favourable business environment for technology firms.

The Economic Times

Meta to build C$13 billion Alberta data center, its first in Canada

Meta to build C$13 billion Alberta data center, its first in Canada

Meta has doubled down on AI, pledging hundreds of billions of dollars to build large AI data centers in the U.S. The Alberta announcement represents the company's 33rd data center ‌globally.

The Economic Times

Nat-Gas Erases Early Gains on the Outlook for Larger US Inventories

Nat-Gas Erases Early Gains on the Outlook for Larger US Inventories

August Nymex natural gas (NGQ26 ) on Wednesday closed down -0.053 (-1.62%). Nat-gas prices on Wednesday fell from a 1.5-week high and settled lower on the outlook for a larger-than-normal increase in weekly US domestic stockpiles, which are already above the five-year average. The consensus is that Thursday’s weekly EIA...

Govt seeks proposals for coal gasification projects under Rs 37,500-cr incentive scheme

Govt seeks proposals for coal gasification projects under Rs 37,500-cr incentive scheme

The incentive, launched in May this year, is aimed at promoting surface coal/lignite gasification for the production of syngas and downstream value-added products such as synthetic natural gas (SNG), urea, ammonium nitrate, methanol, DME and other chemicals, thereby enhancing the country's energy security, reducing import dependence, and facilitating utilisation of…

The Economic Times

Current price of oil as of July 8, 2026

Current price of oil as of July 8, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

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The Economic Times

What are the risks of an LNG tanker explosion?

A Qatari LNG tanker sustained damage in an attack near the Strait of Hormuz. The vessel, Al Rekayyat, is reportedly at risk of exploding following the incident. This marks the second war-related attack on an LNG carrier this year. LNG is natural gas cooled to liquid form for easier transport.…

The Economic Times

US oil prices jump after US military launches strikes against Iran

U.S. oil prices increased significantly after military strikes against Iran. These actions followed Iranian attacks on three commercial vessels in the Strait of Hormuz. A Qatari liquefied natural gas tanker reported being struck by a drone. Maritime security sources indicated a Saudi-flagged crude oil tanker was also damaged. Fears of…

Nat-Gas Prices Climb on Carryover Support from European Nat-Gas

August Nymex natural gas (NGQ26 ) on Tuesday closed up +0.020 (+0.62%). Nat-gas prices pushed higher on Tuesday amid carryover support from a rally in European nat-gas prices to a 3-week high after a Qatari LNG gas carrier was attacked in the Strait of Hormuz. If European countries are unable...

The Times of India

Third tanker hit in Strait of Hormuz in 24 hours as Qatar blames Iran, raising fears over global energy route

Commercial tankers faced escalating attacks in the Strait of Hormuz recently. Qatar blamed Iran for an unacceptable assault on its liquefied natural gas vessel. The United Kingdom Maritime Trade Operations reported three tanker incidents within 24 hours. These attacks threaten regional stability and global energy security significantly. Diplomatic efforts continue…

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The Independent UK

Three tankers hit in latest attacks in Strait of Hormuz, British military says

Current price of oil as of July 7, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Oil tanker hit by 'unknown projectile' in Strait of Hormuz, British military says

Iranian state television said a liquified natural gas tanker came under attack Tuesday in the Strait of Hormuz off Oman after ignoring warnings, implying Tehran carried out the assault on a tanker it said was carrying natural gas from Qatar.

Stronger Domestic Demand Lifts Nat-Gas Prices

August Nymex natural gas (NGQ26 ) on Monday closed up +0.049 (+1.53%). Nat-gas prices settled higher on Monday amid speculation that the recent heatwave that engulfed over two-thirds of the US sparked heavy demand for nat-gas from electricity providers to power the surge in air-conditioning usage, which also drew down...

Current price of oil as of July 6, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

The Times of India

Texas school was secretly using stolen gas to heat its classrooms, then one invisible leak killed 295 people in seconds

A routine school day in the small town of New London, Texas, turned into one of the deadliest disasters in American history when a massive explosion ripped through the New London Consolidated School, reducing much of the five-year-old building to rubble in just a few seconds. By the time the…

The Conversation

B.C. and Alberta fall behind on fracking safety distances for residents

In May, Prime Minister Mark Carney announced plans to double the capacity of Canada’s electricity grid by 2050, using natural gas in the name of “powering Canada strong.” Almost all Canadian natural gas these days is derived from hydraulic fracturing — known as fracking — an industrial process involving large…

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