Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Middle East war: After oil and gas, concerns grow over minerals crunch
Until war erupted on 28 February with the Israeli-US bombing of Iran and counterstrikes across Gulf States, a wide range of key minerals and related products was available, according to the UN Economic Commission for Europe (UNECE). But as the…
Tesla Says EV Orders Benefitted From Soaring Gas Prices
On Wednesday, Tesla reported a “resurgence” in global demand, including a “slight growth in the United States,” and its highest first-quarter order backlog in two years, despite the brutal blow the Trump administration…
Pakistan Rushes to Buy LNG From Spot Market to Ease Gas Shortage
Pakistan is looking to buy liquefied natural gas from the expensive spot market for the first time in over two years as the government rushes to ease an energy shortfall triggered by the conflict in the Middle East. State-owned Pakistan LNG Ltd.
U.S. Oil and Gas Executives Lament Market Chaos Stemming From Iran War
American energy executives are lamenting the market chaos caused by the war in Iran, according to a new survey from the Federal Reserve Bank of Dallas. Many responses to the survey, which includes anonymous comments from companies in the oil and…
Urgent action on oil and gas decommissioning could create 25,000 jobs - report
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. A think tank has called for “urgent action”…
High US diesel costs could impact your life more than gas prices
While gasoline prices remain high at pumps across the U.S., experts warn that the cost of another fuel could ultimately impact consumers more. “It's diesel that really runs the economy, and kind of runs the world,” Joe DeLaura, a…
Government set to reject gas tax proposal
Plans to impose a windfall tax on gas exports in next month's federal budget appear to have been shelved amid fears of angering key trading partners Australia is dependent on for vital fuel supplies, government sources say. As Anthony Albanese…
ENFR Can See Substantial Growth Driven By Global Gas Demand (NYSEARCA:ENFR)
ALPS Alerian Energy Infrastructure ETF earns a 'Buy' rating, offering diversified exposure to U.S. oil and gas midstream operators. ENFR benefits from secular tailwinds: rising domestic electricity demand driven by data center growth and…
Albanese poised to kill off move to increase taxes on gas giants
The ABC revealed last month that Treasury had been asked to model options to levy gas company windfall profits. The prime minister is understood to be opposed to any such move in next month's budget, given the current fuel crisis. A Greens-led…
All the alternative routes for Middle East oil and gas to bypass the Strait of Hormuz
The U.S.-Israeli war with Iran has disrupted shipping through the Strait of Hormuz, with only three vessels passing the waterway in the past 24 hours, shipping data showed. The Strait is considered the world's most important oil chokepoint and had…
American Express CEO: Our cardholders don't care about high gas prices right now
American Express (AXP) stock fell at the open, even as results beat across the board. But considering US households were hit over the head with $4 per gallon gas in the quarter, one could appreciate the resiliency of the card giant's business. 'I…
China's Factory Hub Faces Gas Price Shock as War Tightens Supply
The Chinese industrial hub of Guangdong, an economic powerhouse comparable in size to South Korea, has seen some electricity prices almost double due in part to constraints on the supply of natural gas from the Middle East. The coastal province…
Urgent action on oil and gas decommissioning could create 25,000 jobs - report
A think tank has called for “urgent action” to ensure oil and gas companies decommission old North Sea infrastructure, saying doing so could create up to 25,000 jobs and deliver a £15 billion economic boost. A report by Redwater…
Restaurants are getting anxious about gas prices
Operators discussed the economy at RLC this week. | Photo: DV Productions and Jon Mouer The first thing Panda Express CFO David Landsberg does when he wakes up is check the chain's sales from the day before. These days, he's waiting for the impact…
As gas prices go up from the Iran war, Fox News celebrates the 'biggest payday in history' for oil companies
Fox host Sean Hannity: “America is now benefitting financially because of the blockade” on Iranian ports. Hannity continued: “The price of natural gas is way up overseas, all while the price of American natural gas has actually…
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