The Latest Breaking News from Gas Prices

The head of the Federal Energy Regulatory Commission that oversees the interstate transmission of natural gas, electricity and oil on Thursday would not say whether it will launch a formal investigation into soaring natural gas prices in California but did say the agency has assigned staff to examine whether any…

Annual inflation cooled in January for the seventh month in a row. But price increases accelerated between December and January, fueled by rising shelter, food and gasoline prices.

Russia’s invasion of Ukraine last year caused oil and gas prices to surge, triggering a cost of living crisis in many countries, including the UK.

The French fossil fuel exploitation multinational, TotalEnergies, said on Wednesday that high oil and gas prices had bolstered its net profit to a record 18 billion euros in 2022. The company has announced higher dividend payments for shareholders.

Oil and gas giant comes in for criticism as it lowers the ambition of its climate change pledges

BP today racked up an annual profit of $27.6 billion (£23 billion), more than double the previous year’s haul after a surge in oil and gas prices.

Energy company faces calls for toughened windfall tax as it reaps rewards from high gas prices

Gov. Gavin Newsom on Monday jumped into the debate over the spike in natural gas prices affecting millions of California utility customers, calling on federal regulators to look at whether gouging or market manipulation is at work.

Struggling households will see average bills rise from £2,500 to £3,000 a year in the spring after the Tories decided to cut subsidy levels under the Energy Price Guarantee