Gas Industry News

How high gas prices amid Iran war affect the tourism industry, according to this New Jersey professor

Gavin Newsom blames record-high gas prices on Trump's war in Iran

Sign up for our US Editor's Picks newsletter to get all the biggest exclusive stories Trump supporters have blasted California Governor Gavin Newsom after he blamed sky-high gas prices on the president's war in Iran. Since the US-Israeli attack was…

RWE to Invest $19.6 Billion in US With Focus on Gas Generation

RWE AG has announced plans to invest in gas-fired power plants in the US, where it has so far focused exclusively on renewables. The German energy company said it will spend €17 billion ($19.6 billion) in the US until 2031, around half of…

The real inflation rate? Try 3.3% - and that's before the jump in gas prices.

The federal government's publication of the latest consumer inflation data saw Wall Street once again engaging in its favorite activity — spraying BS as far and wide as possible, and on an industrial scale. Moments after the latest official…

India Cooking Gas Crunch Fuels Inflation Fear as Iran War Widens

Tushar Dhadam, who runs a small restaurant in one of Mumbai's commercial hubs, was forced to raise the price of a vegetarian thali, a popular lunch dish on his menu, by 10% in the past week. He paid a premium to buy a commercial cooking gas…

Unprecedented' agreement releases emergency oil reserves as gas prices spark concerns

After deliberating and assessing the global oil market situation in the face of Middle Eastern conflicts stemming from the United States' attack on Iran, a cohort of 32 different developed nations agreed to make an 'unprecedented' move to help…

High gas prices hit Montanans harder

MISSOULA — The recent surge in gas prices has many in Montana wondering what's behind it. Is it just the Iran conflict, or are other factors at play? Dr. Robert Sonora, with the University of Montana College of Business, joined MTN's Mark…

Europe explores capping natural gas prices

Our digitised version of the FT newspaper, for easy reading on any device. FT Digital Edition: our digitised print edition Global news & analysis Expert opinion Translate instantly to 26 languages Lex: FT's flagship investment column FT Magazines…

Former Climate Hero Wins Permit for 41 Gas Turbines in Mississippi

According to CNBC, Elon Musk's xAI, a wholly-owned subsidiary of SpaceX, achieved a coup on Tuesday when it was permitted by the local environmental authorities to power AI data centers by constructing 41 natural gas-burning turbines in Southaven…

German defense giant stock that's surged has run out of gas

After falling short of the very high expectations of investors and analysts with its full-year earnings release Wednesday, Rheinmetall XE:RHM slumped more than 5% in European trading. Headquartered in Dusseldorf, the manufacturer of weapon systems…

Americans' Iran War pain at the gas pumps is spelling doom for these guys

Donald Trump is barreling his Republican Party towards a midterm election that could once again mark defeat for a president at war with Americans' perceptions of the economy under his watch. With the GOP still struggling to pass any meaningful…

Analysts Expect 46 Billion-Cubic-Foot U.S. Natural Gas Storage Withdrawal

Natural gas in underground storage is expected to have decreased by 46 billion cubic feet to 1,840 Bcf in the week ended March 6, according to the average estimate of 11 analysts, brokers and traders surveyed by The Wall Street Journal. Estimates…

Newsom knocked for 'insane' California gas prices after blaming Trump for rising costs

While California Democratic Gov. Gavin Newsom blames President Donald Trump's actions in Iran for the price of gas, critics are calling him out for 'insane' climate policies as the state's prices at the pump soar significantly above the national…

Gas prices are bad, but the real pain at the pump is diesel

Prices at the pump face a long road ahead as long as the war with Iran continues to trigger uncertainty and price hikes stemming from the disruption of oil flowing through the Strait of Hormuz. 'You can't replace 20 million barrels of flow every…

India rations cooking gas as Strait of Hormuz tensions choke supplies

Restaurant and hospitality associations across India have warned that disruption to liquefied petroleum gas (LPG) supplies due to the US-Israeli war against Iran could lead to widespread closures of businesses. The National Restaurant Association…