Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Inflation cools sharply as gas prices plunge
Declining costs for energy and gasoline helped slow inflation significantly last month, easing one of the principal economic headwinds facing U.S. households in 2026. According to the latest reading from the Bureau of Labor Statistics (BLS)…
U.S. Natural Gas Futures Extend Losses
U.S. natural gas futures continue under selling pressure with inventories well above average and LNG demand softer due to terminal maintenance. The U.S. natural gas market remains focused on summer weather to drive demand, with little near-term…
Consumer Prices Cooled Last Month-Down From 3-Year High As Gas Prices Eased
Inflation cooled faster than expected in June, with a brief peace deal between Iran and the U.S. lowering oil prices, according to federal data published Tuesday, as Federal Reserve officials suggested long-term price increases would soon be a…
Inflation cools more than expected in June as gas costs fall and underlying prices ease
Still, excluding the food and energy categories, core prices were unchanged in June, a positive sign that underlying inflation is cooling. On a yearly basis, core prices rose just 2.6%, down from 2.9% the previous month. Core inflation remains…
'Pipeline, not policy': NT issues plea on gas reservation
The Northern Territory has told the Albanese government that its planned gas reservation system makes no sense in the territory and has asked instead for Canberra to back a major pipeline to transport gas from the vast Beetaloo Basin to the east…
Falling gas prices cut inflation last month - TT
U.S. inflation cooled in June as prices fell 0.4% from May and annual inflation eased to 3.5%, the Labor Department said July 14. Falling gas, clothing and used-car prices drove the decline, while rising oil prices tied to U.S.-Iran tensions could…
Bay Area Air District mulls delays, changes to ban on natural gas water heaters
Amid concerns about affordability, the Bay Area Air District said it would consider adding exemptions and delaying the start of a looming ban on new natural gas water heater installations. Under the rules, set to take effect in January 2027…
Batteries charge ahead as data centres fuel gas turbine costs: CSIRO
Australia's top science agency has found batteries are now cheaper at supplying peak demand for power than gas. The CSIRO's annual GenCost report notes insatiable demand for gas-fired power from US data centres is driving up turbine costs. At the…
Inflation eased more than expected in June as gas prices fell, CPI report shows
Inflation slowed more than expected in June, easing to an annual rate of 3.5% from 4.2% in May as lower gasoline prices helped cool price growth, according to Labor Department data released Tuesday. Economists polled by the financial data firm…
BP Flags $1 Billion Writedown From Gas and Low Carbon Business
BP Plc said it expects to write down another $1 billion from energy transition assets in the second quarter, as the British major continues the painstaking work of re-orientating itself toward its core oil and gas business. At the same time, oil…
China investigates mine-safety official for corruption after deadly gas explosion
The top mine safety official in one of China 's major coal producing regions is under investigation for corruption following a gas explosion that killed 82 workers in May. Hu Haijun, the director of the Shanxi Bureau of the National Mine Safety…
Oil prices are spiking again. Here's what it means for gas prices
Oil prices soared in recent days as fighting in the Middle East escalated, threatening to end a weeks-long stretch of relief for drivers at the pump. Brent crude futures, the benchmark index for worldwide trading, rose to $84.50 a barrel on…
Japan's Power Prices Hit Six-Week High on Heat Wave, Gas Crunch
Japan's spot power price climbed to a six-week high as rising temperatures in the capital city lifted consumption, while renewed disruptions to shipping through the Strait of Hormuz drove up fuel costs. The nationwide day-ahead spot price increased…
Drivers pay up to 3.50 francs per liter of gas
Gas prices in Russia continue to rise sharply. A video from a gas station now shows that drivers have to pay the equivalent of nearly 3.50 francs per liter of gasoline. As a result of massive Ukrainian attacks on Russian refineries, fuel is in…
U.S. inflation cooled to 3.5% in June as gas prices fell - National
U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to American consumers, while underlying price pressures also cooled more than expected. Prices dropped 0.4 per cent from May to June, the…
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