Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil and gas industry expected surplus - but war brought shortage instead
In 2023, the International Energy Agency predicted that by 2028 the world's oil companies would produce more oil than people wanted to buy. Prices responded to that and similar projections of slowing oil demand, dropping too low to attract…
States tackle high gas prices as Trump predicts relief after midterms
States are taking steps to ease the burden of high gasoline and diesel prices as President Donald Trump said Monday that fuel prices will fall once the Iran war is over. “Iran will never have a nuclear weapon—we're going to win that…
Natural Gas Slides on Milder Temperature Outlook
0934 ET – Weather in the U.S. is expected to bring only mild temperatures for most of the country, in turn limiting consumer demand for natural gas. According to the latest forecasts from the NOAA's Climate Prediction Center, the eastern…
Kemp suspends Georgia's gas tax, declares state of emergency
Sept. 29 (UPI) -- Georgia Gov. Brian Kemp is suspending the state's gas tax for 30 days, while declaring a state of emergency due to 'global market volatility.' Kemp signed the executive order Monday declaring a state emergency and suspending the…
Queensland demands urgent gas reservation probe
Queensland's Crisafulli government is seeking an independent probe into federal Labor's plan to force the state's gas producers to set aside up to 20 per cent of their supplies for domestic use, which it says could curtail investment and push up…
$117 billion fuel shock: Why the worst gas price hikes are still ahead
If you think your energy costs are high now, the situation may be about to get a whole lot worse. With traffic in the Strait of Hormuz – normally the primary route for oil leaving the Middle East – hovering below 15% of prewar levels…
Trump's Transportation Dept. Rolls Back Fuel Efficiency Standards Despite Surging Gas Prices
President Donald Trump once again has his finger on the pulse of the nation, and he's identified what the people are yearning for in these trying times: dirtier cars that cost more to drive. With the war with Iran driving diesel to all-time record…
This Trade On Natural Gas Bets On A Mild Winter
Winter is coming, but the thick jackets may stay in the closet a little longer. A milder-than-normal winter is expected across the northern U.S. as a strengthening El Niño climate pattern takes hold. Option spreads can let traders bet…
Direct neutral gas found in galaxies 700M yrs post-Big Bang
Approximately 13.8 billion years ago, the Big Bang is hypothesized to have occurred, kickstarting our universe and eventually life on our small, blue world. While the Big Bang has yet to be directly observed, scientists have worked tirelessly to…
Gas prices in Israel cross $10 per gallon, setting punishing new record
The price of gasoline in Israel will rise by 52 agorot per liter at midnight between Wednesday and Thursday, reaching an all-time high of NIS 8.27 per liter, equivalent to $10.17 per gallon, following a surge in the dollar exchange rate and global…
Sabotage halts Syria gas pipeline in latest attack on energy sector
An apparent explosion on an eastern gas pipeline in Syria halted gas flow to power stations in the latest act of sabotage against the Mediterranean country's energy facilities, authorities said Tuesday. 'A fire broke out Monday evening in a gas…
Diesel export ban could backfire on gas prices, CEO says - TT
Such a ban also would affect Europe, which has been importing more U.S. diesel in recent months. (Brandon Bell/Getty Images) TotalEnergies CEO Patrick Pouyanné said Sept. 28 that a proposed U.S. diesel export ban could reduce refinery output…
Trump is eyeing an export ban on U.S. diesel. It could cause gas prices to soar, experts warn.
A move by the U.S. to temporarily halt diesel exports amid record-high prices would initially lower costs, but a prolonged ban could drive up domestic gasoline prices, according to Goldman Sachs. President Trump on Sunday told reporters his…
Spain to cap gas price hikes, extend fuel discounts
Economy Minister Carlos Cuerpo said the package aimed to 'extend and adapt' support measures first taken in March after the conflict, triggered by US-Israeli strikes on Iran, plunged global energy markets into turmoil. The volatility has affected…
Here's What All-Electric Bay Area Restaurants Have Learned From Ditching Gas | KQED
This story is part of Flipping the Switch, KQED's series about California's transition to clean energy and what it means for you. What works? What doesn't? And how much does it cost? In the highly partisan debate over which Bay Area restaurant…
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