Gas Industry News

Gujarat cuts industrial gas use by 50%

The Gujarat government has imposed a 50 per cent cut on industrial uses of gas amid concerns over the Middle East conflict, a state minister said on Tuesday, while assuring that domestic LPG distribution remains uninterrupted. The state and the…

Soaring Gas Prices Are Latest Blow for Auto Industry in Constant Whiplash

When Zach Carabajal saw gas prices skyrocketing, the car salesman sprang into action. Accustomed to selling sporty Mazdas in the middle of Texas truck country, Carabajal saw an opportunity to capitalize. He pulled together an online video…

Texas oil and gas industry leaders weigh in on impacts of Iran conflict

(The Center Square) – After oil futures hit $119 a barrel Sunday night before dropping to $100 on Monday morning in response to a likely prolonged conflict with Iran, the stock market sank. As gas prices and other associated costs keep…

We may not be running out of gas but we still need a serious strategic gas reserve | Nils Pratley

Alarmed that Great Britain has only enough gas in storage to cover two days of consumption ? Actually, Michael Shanks, the energy minister, is right that the bald statistic is not a reason to run for the hills. But he would help his case if he…

European Gas Drops Amid Trump's Efforts to Calm Energy Markets

European natural gas dropped after US President Donald Trump predicted the Iran war will end soon, as he faces mounting pressure over how the conflict has upended energy markets. Benchmark futures fell as much as 16%, following oil, after extreme…

Gas Prices Spike 14% as Iran Conflict Shakes Global Energy Markets

Gas prices across the United States have surged, jumping 14% in just one week, as the ongoing conflict involving Iran sends shockwaves through global energy markets. Lawmakers are now debating the economic impact as concerns grow about rising costs…

Stocks tumble as oil surges and gas prices spike

Stocks fell sharply Monday morning as oil prices surged above $100 a barrel after Middle Eastern producers began cutting output amid the escalating war with Iran. The Dow Jones dropped 634 points or 1.34 percent, while the S&P 500 and Nasdaq also…

Gas prices near 2,600 won in Seoul as drivers cut back

March 9 (Asia Today) -- Gasoline prices at some stations in Seoul have climbed close to 2,600 won ($1.95) per liter, prompting drivers to reconsider driving and leaving both motorists and gas station owners frustrated. At a gas station near…

European Gas Falls as Oil Retreat Drags Broader Energy Market

0806 GMT – European natural-gas prices plunge as fears of prolonged disruptions in the Middle East ease after President Trump said the war in Iran will end “very soon.” In early trading, the front-month Dutch TTF contract drops…

Gas, oil prices worry GOP as Trump floats taking over Strait of Hormuz

Republicans on Capitol Hill are growing worried about President Trump's bet that Americans are willing to swallow higher gas prices due to the conflict with Iran, especially ahead of the November elections. The president, only weeks ago in his…

India Prioritises LPG, CNG Gas Supply Amidst Middle East Conflict Disruptions

Photograph: PTI Photo from the Rediff Archives India prioritises LPG, CNG, and piped cooking gas supply due to Middle East conflict disruptions affecting LNG imports. Fertiliser sector gas supply is second priority, guaranteed at least 70% of past…

Restaurants warn they could close as Iran war sparks gas shortage

India 's hospitality sector is bracing for widespread disruptions and potential shutdowns as a critical shortage of cooking gas grips the nation. Restaurants and hotels across the country are facing dwindling supplies, a direct consequence of the…

Chances of gas prices hitting $5 by end of March

Gas prices are soaring as global oil markets reel from the new conflict in the Middle East, raising concerns that American motorists could be paying $5 at the pump by the end of the month. According to data from GasBuddy, the average price for…

Now 25 Day Wait To Book Gas Cylinder

Facing potential LPG supply disruptions due to global tensions, India has implemented a 25-day gap between gas cylinder bookings to manage resources and prioritise essential services. India mandates a 25-day gap between LPG cylinder bookings to…

California gas prices jump as Iran conflict impacts fuel markets, AAA says