Natural gas futures plummeted as much as 12% in the U.S. as forecasts shifted warmer through the middle of next month, allaying concern about tight domestic supplies amid a global shortage of the heating fuel.

California’s record heat is sending natural gas prices in the region to the highest since February as electricity demand surges at a time when supplies needed by power plants have been tight.

NextEra Energy Inc. and OPAL Fuels plan to capture methane from a Minnesota landfill to produce renewable natural gas, adding to a series of projects seeking to cash in on the energy source while helping cut greenhouse-gas emissions.

Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a violation of the U.S. Constitution’s commerce clause.

Elon Musk recently moved to Texas, where he launches some of his rockets and is building a battery factory. Now, for good measure, he plans to drill for natural gas in the state.

Wilks Brothers has made a competing proposal to recapitalize struggling energy company Calfrac Well Services Ltd. and criticized management’s deal as favoring insiders.

Absent a settlement before EQT Corp.’s annual meeting in Pittsburgh on July 10, shareholders will decide between competing rosters of candidates for the board of directors.

UPS Inc. has agreed to buy the equivalent of 170 million gallons of renewable natural gas from Clean Energy Fuels Corp. over the next seven years in what the company described as the biggest-ever deal involving the alternative fuel.

Natural gas has begun flowing again on a pipeline in British Columbia after a rupture on an adjacent line forced oil refineries in Washington to cut output and sent gasoline prices soaring up and down the West Coast.

When it comes to liquefied natural gas in particular, refiners have turned their attention to a broader use: plastic goods.