The International Energy Agency (IEA) forecasts global natural gas demand will fall 0.5 per cent in 2026 as Middle East conflict-driven supply disruptions, higher prices and reduced LNG flows through the Strait of Hormuz weigh on consumption.
The United States launched a fresh wave of military strikes across Iran overnight, targeting more than 80 sites after Tehran resumed attacks on commercial shipping in the Strait of Hormuz, further destabilising a fragile ceasefire agreed less than three weeks ago.
Yokogawa Corporation of America has been selected as Main Automation Contractor (MAC) for the Commonwealth LNG project in Louisiana, US, strengthening its role in one of the country’s major LNG developments.
Global liquefied natural gas (LNG) trade reached a record 436.98 million tonnes in 2025, rising 6.3 percent and marking the fastest growth since 2022, according to the International Gas Union (IGU).
British budget airline easyJet has agreed in principle to a revised takeover offer from US investment firm Castlelake, valuing the carrier at up to £5.5 billion ($7.34 billion).
Valvitalia Group has secured a contract worth approximately $30 million to supply valves for the Desert Southwest pipeline, one of the largest energy infrastructure projects currently under development in the southwestern US.
US-Saudi consortium Mera Oil has entered the final stage of selecting a host location for its planned $5 billion integrated refinery and energy export corridor. Following three years of evaluation, three GCC sites outside the Strait of Hormuz have been shortlisted.
Saudia has expanded its codeshare partnerships with Delta Air Lines, Air France-KLM and Virgin Atlantic, enhancing access to North America through major European hubs. The agreement will connect travellers to nearly 30 destinations across the US and Canada via Paris, Amsterdam and London.
Oil prices climbed sharply on Wednesday as renewed military clashes between the United States, Saudi Arabia and Iran kept traders on edge about supply disruptions, even as Oman unveiled a Gulf-backed proposal aimed at safeguarding shipping through the Strait of Hormuz.
The Middle East moved closer to a broader regional confrontation on Wednesday as Iran launched a failed ballistic missile attack on US forces, while the United States and Saudi Arabia carried out joint airstrikes against Iran-backed militias in Iraq.
