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…
Labour MPs told backing North Sea is 'about more than oil and gas'
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. MPs are being urged to back North Sea oil and…
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…
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…
The EV market is on the road to recovery thanks to high gas prices
EV sales were up nearly 15 percent from the start of the year, but the recovery is a bit of a mixed bag. EV sales were up nearly 15 percent from the start of the year, but the recovery is a bit of a mixed bag. Image: Hugo Herrera / The Verge 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…
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…
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…
View: US gas price relief remains elusive
The resumption of tit-for-tat strikes between Iran and the US puts President Donald Trump's goal to slash retail fuel prices ahead of the midterm elections further out of reach. US crude prices ticked to a four-week high above $80 per barrel on…
Consumer inflation cooled more than expected in June as gas prices fell
This story about the June 2026 CPI inflation report will be updated with further details. Inflation pulled back in June after surging in prior months due to the Iran war's impact on energy prices throughout the economy. The Bureau of Labor…
China investigates mine-safety official for corruption after deadly gas explosion
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Falling gas prices likely cut inflation last month but renewal of Iran war could undo progress
Inflation likely cooled last month as gas prices declined, providing consumers with some welcome relief even as renewed combat with Iran has sent oil prices climbing again. The government's latest inflation report, to be released Tuesday, is…
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