Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What is the windfall tax on oil and gas companies and how much do they pay?
Rising oil prices are set to put the spotlight back on the amount of money the sector is making since energy costs surged at the beginning of the Iran war. Energy firms operating in the UK are subject to a windfall tax that was introduced in 2022…
Gas prices at highest level since beginning of Iran war
The average cost of gas in the U.S. on Tuesday reached its highest level in four years — a result of skyrocketing energy prices triggered by the U.S.-Israeli conflict with Iran. The national average reached $4.18, a 40-percent jump since the…
BP's Profit More Than Doubles in Q1 as US Gas Prices Rise - TT
BP's profit more than doubled in the first quarter as the war in Iran continues and the average price for gasoline hit a new high for the year in the U.S. The oil and gas industry has been in upheaval since the start of the Iran war in February. A…
U.S. Natural Gas Futures Little Changed in Early Trade
0952 ET – U.S. natural gas futures are trading sideways with the market caught between some late-season heating demand in the north and limited cooling demand in the south. “The trend has been for the colder camp to gain momentum…
Polls, gas prices have Democrats up and GOP down on midterms
Democrats are growing increasingly optimistic and Republicans increasingly gloomy about the midterm election outlook, as polls move against President Trump and redistricting wars between the parties look like they won't make a huge difference in…
Posco ramps up industrial gas push beyond steel
Posco said Tuesday it is accelerating expansion of its industrial gas business as a future growth engine, aiming to capture rising demand from advanced industries such as semiconductors, aerospace and secondary batteries. As these sectors expand…
Gas prices hit record high; King Charles's jaunt around DC
The president called for ABC to fire late-night comedian Jimmy Kimmel over a joke he made last week about first lady Melania Trump having the “glow” of “an expectant widow.” 🔎 Read the president's critique Keep…
Fayette County coroner reports overdose from 'gas station heroin'
Someone overdosed on a drug called 'gas station heroin' for the first time in Fayette County, Coroner Bob Baker said on Tuesday. Baker blamed the overdose entirely on tianeptine, a drug that has not been approved by the U.S. Food and Drug…
BP profits more than double as oil and gas prices soar in Iran war
BP's quarterly profits have more than doubled after a jump in oil and gas prices linked to the conflict in the Middle East. The energy company said on Tuesday that underlying profits for the first quarter were $3.2bn (£2.4bn), up by more than…
Rockets and Feathers': Why Gas Prices Stay High Even As Oil Falls
There's an old saying, apparently, that in the event of any shock to energy prices — like Operation Epic Fury — gasoline and diesel prices at the pump go up like a rocket, and come down like a feather. In the half-century or so I've…
Citadel Books More US Rockies Gas Transport on Key Pipeline
Citadel Energy Marketing, the merchant trading arm of Ken Griffin's Citadel, has expanded its natural gas pipeline transportation capacity on a key interstate conduit from the Rocky Mountains to Arizona by 37%, positioning itself ahead of…
Phil Mattingly and Richard Quest explain why higher gas prices are likely here for awhile | CNN Politics
On 'Inside Politics,' CNN's economic experts Phil Mattingly and Richard Quest break down the link between oil markets, OPEC and gas prices in America as the war in Iran stretches on. 'Every moment that oil is at these elevated levels, the economies…
Air Liquide Revenue Rises on Gas, Services Business Strength
posted higher first-quarter revenue, boosted by its gas and services businesses performance. The French industrial-gases company said Tuesday that revenue for the three-month period rose 1.9% on a comparable basis to 6.79 billion euros ($7.96…
Labour voters want to increase oil and gas drilling, poll shows
MANY more Labour voters than not want increased oil and gas drilling, according to a poll that heaps more pressure on Sir Keir Starmer to overrule Ed Miliband's Net Zero crusade. A JL Partners survey found 50 per cent of the PM's supporters at the…
GM Boosts Profit Outlook as Truck Sales Buck Rising Gas Prices
General Motors Co. raised its profit outlook for the year by $500 million, saying its pickups and sport utility vehicles continue to sell even as gasoline prices soar due to the war in Iran. The Detroit-based automaker now expects as much as $15.5…
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