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natural gas

Gas prices top $4 for the first time in four years due to Iran conflict

(The Center Square) – Gas prices topped $4 nationally on Tuesday, March 31, according to fuel price trackers Gas Buddy and the AAA motor club. “Gasoline and diesel prices continue to climb to multi-year highs as the effective closure of the Strait of Hormuz curtails the flow of millions of

Middle East war: global economic fallout

Middle East war: global economic fallout

Here are the latest economic events in the Middle East war: - Oil prices rise - Oil prices sank and most stocks rose Tuesday, following a Wall Street Journal report that indicated Donald Trump was willing to end the Iran war even if the key Strait of Hormuz remained closed. Market experts

Uncertainty over war-induced oil crisis dominates key energy summit

Uncertainty over war-induced oil crisis dominates key energy summit

The world's largest energy conference wrapped up in Houston on Friday with the crisis caused by the US-Israel war on Iran dominating discussions -- but with little to show for it beyond a prevailing sense of uncertainty. A week of meetings for CERAWeek -- dubbed the "Davos of

At 'Davos of energy', AI looks to gas to power its rapid expansion

At 'Davos of energy', AI looks to gas to power its rapid expansion

Natural gas took center stage this week at the world's largest energy conference, as major market players discussed how to power the rise of artificial intelligence. In the halls of CERAWeek, where around 10,000 experts and executives converged, attendees debated the fastest way to feed the burgeoning

Japan to boost coal-fired power as Mideast war causes energy turmoil

Japan to boost coal-fired power as Mideast war causes energy turmoil

Japan's government plans to temporarily lift restrictions on coal-fired power plants as it seeks to ease an energy crunch caused by the Middle East war, officials said on Friday. Officials presented the plan at a meeting of a panel of experts, who approved the proposal, the industry

Cyclone triggers outages at major Australian LNG plants

Cyclone triggers outages at major Australian LNG plants

Some of the world's largest LNG plants were forced shut on Friday by a cyclone off western Australia, squeezing fuel supplies already stretched thin by war in the Middle East. Energy giant Chevron said it suffered outages at its Gorgon and Wheatstone gas plants, which collectively supply more

US cannot meet Iran war-induced LNG shortfall: industry leaders

US cannot meet Iran war-induced LNG shortfall: industry leaders

Business leaders are warning that the United States lacks the infrastructure to alleviate a global LNG shortage caused by the US-Israel war on Iran, which has kept a fifth of the world's energy supplies from leaving the Gulf. US President Donald Trump's commitment to fossil