Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump Alone Can Fix Gas Prices-But Not Likely This Summer
With the Strait of Hormuz closed for 96 days and no end to the Iran war in sight, an energy expert told Forbes gas prices “will get worse before they get better”—as Americans make trade-offs to get away this summer. On May 27…
Trump tries to boost oil and gas drilling in remote Alaska
On Friday, the Interior Department's Bureau of Land Management was set to hold an oil and gas lease sale bid opening for tracts of land in the Coastal Plain of the wildlife refuge, also known as the 1002 area. The area stretches across 1.56 million…
Why is the US not drilling more oil as gas prices soar
The United States is producing more oil than any country in the world. Yet Americans are still paying sharply higher prices at the pump—and experts told Newsweek that more domestic drilling is unlikely to deliver quick relief. The national…
Europe Is Stockpiling Enough Gas to Avoid Another Energy Crisis
To gauge the outlook for European inflation it helps to go underground: to the dozens of natural gas storage sites used to stock up on fuel during the summer for use in winter. Although the seasonal refill is going slowly, Europe is probably going…
Republicans face ticking midterm clock as Iran fallout keeps pressure on gas prices
As the Trump administration weighs diplomacy and military pressure against Iran, a political clock is ticking at home. Even if the Strait of Hormuz — the global oil choke point largely shuttered since the conflict with Iran due to Iranian…
Gas prices: Drop 17 cents per gallon in one week as decreases at the pumps continue
The national average price for regular gas fell on Friday, dropping 17 cents in one week to $4.22 per gallon, according to AAA. Gas prices have declined for two consecutive weeks, amid a decrease in hostilities between the United States and Iran.
European Gas Set for Weekly Gain With US-Iran Deal Still Elusive
European natural gas prices headed for a weekly gain as uncertainty over the prospects for a peace deal between the US and Iran dominated sentiment after fighting in the Middle East intensified. Benchmark futures rose as much as 1.3% after…
Surging gas prices are hitting the Pentagon: Most affected equipment
The U.S. Defense Department is facing $1 billion in unexpected fuel costs, a new report shows, and the hike is likely to hit fuel-thirsty American military aircraft such as bombers the hardest as the world reels from unpredictable oil and gas…
Kemi Badenoch erupts at 'utter madness' as huge amount of North Sea oil and gas revealed
Kemi Badenoch is calling for more oil and gas drilling in the North Sea Kemi Badenoch hit out at the 'utter madness' of opposition to North Sea drilling after new research showed the huge amount of oil and gas still remaining. A study by the…
AI Power Boom Revives Natural Gas as Infrastructure Bet
A surge in electricity demand from artificial intelligence and data centers is reshaping North America's power markets, creating a “renaissance” for natural gas after decades of limited new development, according to KKR & Co. partner…
Oil execs warn Trump that gas prices could spike due to dwindling supplies: report
Several oil industry executives have reportedly privately warned the White House that the ongoing closure of the Strait of Hormuz is straining global oil inventories and could lead to gas price spikes in the coming weeks. For more than three…
US set to hold latest oil and gas lease sale for Alaska's Arctic National Wildlife Refuge
JUNEAU, Alaska (AP) — The Trump administration's push to expand oil and gas development in Alaska faces a new test Friday, with the latest lease sale set for the Arctic National Wildlife Refuge. Opponents of drilling in the refuge's coastal…
Think gas prices are high now? This quiet shift at U.S. refineries could trigger an even more painful summer.
U.S. refiners are producing and exporting jet fuel at a record clip at the expense of their gasoline and diesel runs, a worrying mismatch as the summer travel season kicks into high gear and stockpiles dwindle. Refiners have moved quickly to stem…
Smallwood sets out Rovers 'aim' as Gas confirm signing of ex-loanee
Richie Smallwood is aiming to get Bristol Rovers' good run of form 'going again' next season, after the Gas confirmed the permanent arrival of the former loanee as their first signing of the summer transfer window. Rovers announced on Friday that…
Beer Demand Goes Flat As Even Alcoholics Pull Back With Gas Above $4
Beer sales across the U.S. over Memorial Day weekend were troublingly soft, according to a new Goldman report, which attributed the weakness primarily to a 'challenging macro backdrop' and unusually cold weather across parts of the Lower 48 states.
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