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RARE PHOTOS: 14 - The Real Truth

Oil India reports natural gas presence in second Andaman offshore well

Oil India Limited has found natural gas in its third exploratory well in the Andaman offshore block. This is the second well in the block to confirm hydrocarbon presence. The discovery is a positive indicator for future exploration in the area. OIL is currently processing seismic data for further appraisal…

The Economic Times

West Asia crisis: Why India needs a fertiliser security strategy

West Asia crisis: Why India needs a fertiliser security strategy

India’s fertiliser security is deeply tied to global supply chains. The country imports 60% of its DAP requirement, remains fully dependent on imported potash, and even domestic urea production relies heavily on imported liquefied natural gas.

The Economic Times

US Development FinCrop to invest $1.5 billion in Indo-Pacific energy platform, eyes South Asia buildout

US Development FinCrop to invest $1.5 billion in Indo-Pacific energy platform, eyes South Asia buildout

The US International Development Finance Corporation is investing $1.5 billion in a new energy platform for the Indo-Pacific. This major project will focus on South and Southeast Asia. It aims to develop liquefied natural gas and other energy infrastructure. The investment will help strengthen energy security and meet growing power…

The Economic Times

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Smaller Inventories and Hotter US Temps Boost Nat-Gas Prices

July Nymex natural gas (NGN26 ) on Thursday rose +0.122 (+3.80%). Nat-gas prices rallied sharply on Thursday due to a smaller-than-expected increase in weekly nat-gas storage. The EIA reported nat-gas inventories rose by +95 bcf in the week ended May 29, below expectations of +99 bcf and the five-year average...

Asia turns to U.S. oil and gas amid Iran war: 'We get too much into that tree-hugging mode'

Singapore looks to U.S. supplies as it builds out its natural gas importing infrastructure.

Current price of oil as of June 4, 2026

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

India's ageing ammonia plants need upgradation, says industry body FAI

India's fertiliser sector faces a challenge with its heavy reliance on imported natural gas. The Fertiliser Association of India is urging for improved efficiency and new technology in ammonia production. This is crucial for strengthening domestic fertiliser security. The industry is working towards better plant operations and maintenance.

The Economic Times

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Nat-Gas Prices Climb on Expectations of a Smaller Storage Build and Hotter US Temps

Nat-Gas Prices Climb on Expectations of a Smaller Storage Build and Hotter US Temps

July Nymex natural gas (NGN26 ) on Wednesday rose +0.047 (+1.48%). Nat-gas prices moved higher on Wednesday on the outlook for a below-average build in weekly nat-gas storage. The consensus is that Thursday’s EIA weekly nat-gas inventories will climb by +99 bcf for the week ending May 29, below the...

Current price of oil as of June 3, 2026

Current price of oil as of June 3, 2026

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

Crude, LPG supply to India smoothens in May after two glitchy months; LNG supply beats pre-war levels

Crude, LPG supply to India smoothens in May after two glitchy months; LNG supply beats pre-war levels

In May, India's oil and gas imports showed clear signs of recovery after recent setbacks, with crude oil inflows rising, though they have not yet reached the robust numbers seen in February. Natural gas supplies saw a notable upswing, going past pre-war levels.

The Economic Times

Nat-Gas Prices Drop on Signs of Larger US Domestic Supplies

Nat-Gas Prices Drop on Signs of Larger US Domestic Supplies

July Nymex natural gas (NGN26 ) on Tuesday fell -0.012 (-0.38%). Nat-gas prices settled lower on Tuesday for a second session, as US LNG export volumes fell due to seasonal maintenance, boosting US domestic nat-gas supplies. Flows to US LNG export terminals on Tuesday fell to 16.9 bcf, the lowest...

Current price of oil as of June 2, 2026

Current price of oil as of June 2, 2026

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

Nat-Gas Prices Fall Back on Cooler Forecasts for the East

Nat-Gas Prices Fall Back on Cooler Forecasts for the East

July Nymex natural gas (NGN26 ) on Monday fell -0.111 (-3.37%). Nat-gas prices on Monday edged up to a new 2-month high but then fell back and closed sharply lower. Nat-gas prices fell back amid weather forecasts by Vaisala of cooler weather in the East for June 6-10, although above-normal...

Pennsylvania Households Say Their Utility Bills Are Starting to Feel More Unpredictable Than Grocery Costs

Pennsylvania Households Say Their Utility Bills Are Starting to Feel More Unpredictable Than Grocery Costs

Grocery prices often dominate conversations about inflation, but many Pennsylvania households have started focusing on a different budget headache. Utility bills, once considered relatively stable and predictable, now seem to bounce around from month to month with surprising intensity. Families who carefully plan their monthly expenses often find themselves blindsided…

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May’s Top Performers and Underperformers

A stronger dollar, weaker bonds, and uncertainty on the economic and geopolitical landscapes weighed on many commodities in May 2026. Many commodities experienced double-digit percentage declines, while none were more than 10% higher for the month that ended on Friday, May 29, 2026.

The Economic Times

U.S. Stock Market IPO: ERock eyes staggering $5 billion. Check company profile, symbol at New York Stock Exchange

ERock, founded in 2006, provides natural gas generators to data centers, ⁠utilities, and commercial and industrial customers across nine U.S. states, with a huge chunk of revenue coming from high-growth regions like Texas and California.

Current price of oil as of June 1, 2026

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

Forecasts for Above-Average US Temps Boost Nat-Gas Prices

July Nymex natural gas (NGN26 ) on Friday closed up +0.005 (+0.15%). Nat-gas prices climbed to a 2.5-month nearest-futures high on Friday and settled slightly higher on the outlook for above-normal US temperatures next month, potentially boosting nat-gas demand from electricity providers to power increased air-conditioning usage. Forecaster Vaisala said...

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OCI Global Q1 2026 Trading Update

AMSTERDAM, May 30, 2026 /PRNewswire/ -- Hassan Badrawi, CEO of OCI Global: "During the first quarter, OCI made continued progress in executing its strategic priorities, including the completion of the sale of OCI Ammonia Holding to AGROFERT, the handover of Beaumont New Ammonia to Woodside, and the monetisation of our…

Current price of oil as of May 29, 2026

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

The Economic Times

Indian power firms snap up gas to meet rising night-time cooling demand

India's power companies have significantly boosted natural gas purchases from a domestic exchange, quadrupling them to combat soaring summer electricity demand. Blistering heatwaves have driven peak power needs to record highs, forcing reliance on gas-fired plants. Despite price hikes and supply challenges, this fuel is crucial for meeting demand, though…

Nat-Gas Prices Surge as Storage Tightens and US Weather Turns Hotter

July Nymex natural gas (NGN26 ) on Thursday closed up +0.190 (+6.14%). Nat-gas prices rallied to a 2.5-month nearest-futures high on Thursday and settled sharply higher on a smaller-than-expected weekly storage increase. EIA nat-gas inventories rose +92 bcf in the week ended May 22, below expectations of +96 bcf. Nat-gas...

The Economic Times

Elon Musk defends AI ambitions as IPO reveals trouble

Elon Musk insists that his artificial intelligence venture xAI remains a serious competitor, pushing back against mounting doubts after revelations that the supercomputing facilities built to power his own AI models are being rented out to a rival. It has also landed a Pentagon contract worth up to $200 million…

Current price of oil as of May 28, 2026

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

The Economic Times

World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEA

The world faces an unprecedented energy security crisis, forcing nations to seek new supply routes and boost domestic production. The International Energy Agency warns this will reshape global investment, mirroring the 1970s oil shocks. While renewables and nuclear power see growth, natural gas and even coal are experiencing a resurgence…

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