Gas

• Onderzoek wijst uit dat ethyleenoxide (EtO) ongeveer 60 keer kankerverwekkender is dan in 2006 werd gedacht • Een nieuw plan van de regering-Trump om de regelgeving uit 2024 voor giftige ethyleenoxide (EtO)-vervuiling in te trekken, is breder bedoeld om de bevoegdheid van de Environmental Protection Agency (EPA) te beperken om de bescherming van de volksgezondheid rondom gevaarlijke emissies te versterken, en zou kunnen leiden tot de uitstoot van meer van het toxine in de lucht. • Recent onderzoek heeft aangetoond dat EtO ongeveer 60 keer kankerverwekkender is dan men dacht toen de laatste regelgeving in 2006 werd ontwikkeld. In 2024 voerde de Biden-EPA een regel in die de regelgeving verscherpte om de bijgewerkte wetenschap weerspiegelen, en vereiste dat de EtO-uitstoters in het land hun emissies collectief met ongeveer 90% zouden verminderen. Lees verder...

• Het nationale gemiddelde van de benzineprijzen is sinds eind februari met ruim een dollar per gallon gestegen • Donald Trump beloofde de federale benzinebelasting van de VS op te schorten in een poging de druk op Amerikanen te verminderen, nadat de VS-Israël oorlog tegen Iran leidde tot een scherpe stijging van de brandstofprijzen. • De Amerikaanse president vertelde verslaggevers op maandag dat zijn regering zou streven naar het pauzeren van de belasting "totdat het passend is", terwijl automobilisten de kosten tellen van de stijging van de olieprijzen in de twee maanden sinds de Amerikaanse en Israëlische troepen Iran aanvielen.

Norway’s energy minister says country has a ‘responsibility’ to address shortfalls caused by wars in Ukraine and Middle EastIn case of any doubt about Norway’s commitment to maintain – and expand – its production of gas and oil offshore, the energy minister, Terje Aasland, has a pithy response: “We will develop, not dismantle, activity on our continental shelf.”This week, to the alarm of environmental campaigners, he announced that three gasfields off the country’s southern coast would reopen by the end of 2028 – nearly three decades after they closed – to meet a shortfall caused by the impact of the war in Ukraine and disruption to supplies from the Middle East. Continue reading...

• A new U.S. diplomatic proposal to Iran offers potential 'good news' for American gas prices by easing Strait of Hormuz blockade fears. • Analyst John Smith noted the deal could stabilize oil flows, projecting a 10-15 cent per gallon drop if accepted. • Amid ongoing U.S.-Iran frictions, this initiative matters for reducing inflation pressures and supporting consumers hit by recent spikes.

• U.S. gas prices have surged recently, hitting lower-income Americans the hardest amid ongoing economic pressures from geopolitical tensions including the Iran conflict. • The New York Times reports that the price spike exacerbates inequality, with lower-income consumers facing steeper relative burdens on household budgets. • President Trump's claim that the U.S. won the war with Iran has drawn scrutiny, potentially influencing energy markets and public sentiment on fuel costs.

Victorian and federal Labor governments greenlight Otway basin drilling project with potential to supply one-third of state’s gasFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcasA new gas drilling project approved for Victoria’s Otway basin will make “the path to a safe climate harder” and put a “pristine ocean environment” at risk, environment groups have warned.The federal and Victorian governments on Thursday announced they had greenlit the production licence for Amplitude Energy’s Annie gasfield project in the Otway basin, which expects to start producing gas by 2028. Continue reading...

Albanese government announces east coast gas reservation policy, which will require producers to set aside 20% of export volumesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGas companies will be forced to set aside 20% of exports for domestic use under a reservation scheme designed to shore up supplies and bring down prices for households and businesses on the east coast.The federal government announced the design of the reservation scheme on Thursday as part of a wider overhaul of the mechanisms regulating the gas sector. Continue reading...

Ministers also approve exploration in 70 new areas of country’s waters, prompting accusations of madness and greenwashingThe Norwegian government has been heavily criticism for approving plans to reopen three North Sea gas fields nearly three decades after they were closed to help fill the gap in energy supplies created by the Middle East war.Amid sharp price rises in oil and gas since the US and Israel’s attack on Iran in February, Oslo has also given its approval for oil and gas companies to explore in 70 new locations in the North Sea, Barents Sea and Norwegian Sea. Continue reading...

• Average US gasoline prices have climbed to $4.50 per gallon, marking the highest level since 2022 and reflecting broader energy market pressures linked to Middle East tensions and OPEC production decisions. • The price surge comes amid ongoing negotiations between the Trump administration and Iran, which have created uncertainty in global oil markets and affected domestic fuel costs. • Energy analysts attribute the increase to geopolitical risk premiums, reduced supply confidence, and reduced refinery capacity following seasonal maintenance.

US secretary of state says US is better off than other countries hit by disruption in oil suppliesMarco Rubio has argued the US is in a “very fortunate” position as fuel prices continue to climb nationwide amid disruption sparked by the US-Israel war on Iran.With average US fuel prices now approaching $4.50 a gallon – their highest level in four years – the US secretary of state was asked on Tuesday how long Americans should accept them at such levels. Continue reading...

The 80-year-old singer will not be performing rescheduled dates in September but assured fans she is receiving treatment and ‘improving every day’Dolly Parton has canceled her Las Vegas residency over ongoing health issues.The 80-year-old singer had originally been scheduled to perform six shows at Caesar’s Palace last December but moved the dates to September 2026. She has now announced on social media that she won’t be able to perform as planned. Continue reading...

The PM is clearly not prepared to risk backlash from Asian energy trading partners during a fuel crisis – but his government will face domestic challenges if it doesn’t move eventuallyGet our breaking news email, free app or daily news podcastTwo separate events on Monday – one in rain-soaked Canberra, the other in sunny Gladstone – neatly explain why the federal government won’t pursue a new gas export tax in next week’s budget and why it might have no choice but to do so in the future.In the nation’s capital, Anthony Albanese hosted his Japanese counterpart, Sanae Takaichi, for annual leaders’ talks that coincided with the 50th anniversary of the signing of a landmark treaty between the two nations. Continue reading...

• National average gasoline prices surged to historic highs on May 3, 2026, amid the ongoing Iran war and disruptions in key oil routes like the Strait of Hormuz. • The spike in fuel and grocery prices is hammering American pocketbooks, contributing to President Trump's declining poll numbers. • Treasury Secretary Scott Bessent stated the U.S. economic blockade is suffocating Iran's regime, costing it $435 million in daily economic activity.

Analysts say Americans have now paid $21.7bn more to fill their tanks since the start of the US war on IranExxon and Chevron quarterly earnings fall despite soaring oil pricesSign up for the Breaking News US newsletter emailThe average price for a gallon of gas in California rose to $6 this week as fuel prices across the US reached their highest level in almost four years.The American Automobile Association reported on Friday that California consumers were paying an average of $6.06, while the national average hit $4.39. The Golden state is the most expensive US market for gas but costs have also risen nationally with a 27-cent rise this week following two weeks of falling prices, AAA said in a statement. Continue reading...

Exclusive: Government should back projects that prioritise renewables to protect consumers from ongoing price shocks, they sayGet our breaking news email, free app or daily news podcastFormer oil and gas industry leaders, including senior executives from BP and Shell, are warning the Albanese government that Australians risk ongoing price shocks and higher costs if it prioritises fossil fuel development in response to the global energy crisis.Sixteen ex-executives and professionals – who had worked for companies including Woodside, Inpex, Exxon Mobil and Esso – have urged the government to reject calls for fast-tracked gas and coal extraction, arguing it would do nothing to improve the nation’s liquid fuel security. Continue reading...

The fuel crisis is seeing more voters keen to shift to renewable energy rather than stick with fossil fuelsGet our breaking news email, free app or daily news podcastA majority of Australians support taxing profits from gas exports and extending the cut to the fuel excise, according to the latest Guardian Essential poll, despite Anthony Albanese on Wednesday ruling out a new tax on existing gas export contracts.The poll also found the fuel crisis is seeing more voters keen to shift to renewable energy rather than stick with fossil fuels. Australians also say they’re already cutting back on travel, switching to public transport and reducing their use of aircon and heating amid the global fuel uncertainty. Continue reading...

Blockade threat in vital strait and Trump’s stance lift crude, pushing pump prices to highest level since 2022Sign up for the Breaking News US email to get newsletter alerts in your inboxAverage US gas prices have hit a new high at $4.23 per gallon, their highest since 2022 and a record since the start of the war with Iran, according to the motor club AAA.The price of Brent crude, the benchmark that influences the price of US gasoline prices, now stands at $114.60 a barrel, up nearly 25% from the recent low since mid-April. US gas prices a year ago averaged $3.16. Continue reading...

• Framingham, MA-based Tortugas Neuroscience raised $106 million in combined seed and Series A funding for small molecule therapies targeting neurological disorders. • Cure Ventures led the seed round, with The Column Group and AN Venture Partners co-leading Series A on April 21. • The investment accelerates development of treatments using validated biological targets, addressing unmet needs in US biotech.

Prime minister says the middle of a global fuel crisis is ‘the worst possible time to jeopardise’ Australia’s partnerships with Asian trading partnersThe prime minister, Anthony Albanese, has confirmed next month’s federal budget will not include a new tax on existing gas export contracts as he criticised the “populist” campaign calling for a levy on producers.As reported last week, Albanese was poised to reject pressure to introduce a 25% tax on gas exports amid concerns the intervention could alienate the same Asian trading partners Australia is relying on for supplies of diesel and petrol. Continue reading...

US representatives Jared Huffman and Jamie Raskin earlier this month called agreements outrageous and unlawfulSign up for the Breaking News US email to get newsletter alerts in your inboxThe Trump administration blocked two permitted US wind energy projects from development this week, with an agreement to pay millions of dollars in refunds to the companies behind them if those funds are reinvested in oil and gas.US Department of the Interior officials framed the canceled agreements as a way to “promote US energy security and affordability” by funneling funds “away from intermittent, higher-cost energy sources toward proven conventional solutions”, in an announcement issued Monday. Continue reading...

Oil prices surged after negotiators remained gridlocked over reopening of strait of Hormuz, sending prices $1 higher than last yearUS gas prices rose to their highest level in four years on Thursday, reaching an average $4.18 a gallon at the pump as US-Israeli peace talks with Iran remain at a standstill.The last time average US gas prices breached $4.15 a gallon was in April 2022, when oil prices soared shortly after Russia invaded Ukraine. Average gas prices are now $1 higher than just a year ago, when they were closer to $3.15 a gallon. Continue reading...

Energy company hails ‘exceptional’ contribution of oil trading operations as profits hit $3.2bn in the first quarterBusiness live – latest updatesBP’s quarterly profits have more than doubled amid 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 from $1.38bn in the equivalent period a year ago and outstripping City forecasts of $2.67bn. Continue reading...

David Pocock says prime minister – who is trying to shore up fuel supplies – is parroting industry talking pointsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastLabor is poised to reject a growing push for a new 25% tax on gas exports in next month’s budget, prompting David Pocock to accuse the government of “caving in” to the gas industry.It’s understood the government has elected not to pursue a new tax on gas exports in the budget, prompted in part by the global oil crisis and Anthony Albanese’s diplomatic efforts in shoring up fuel supply from Asian allies by pledging reliable access to liquefied natural gas. Continue reading...

Shell Australia says campaign needed to ‘counter-balance’ claims by levy advocates – but Ed Husic urges industry ‘do not spend millions defending the indefensible’The gas giants are mounting a multi-million dollar advertising campaign to fight against a new export tax, prompting Labor MP Ed Husic to accuse the industry of “defending the indefensible”.Shell Australia is among half-a-dozen oil and gas companies contributing around $1m to an Australian Energy Producers (AEP) campaign that attempts to justify the amount of tax the industry pays, a parliamentary inquiry heard on Wednesday. Continue reading...

Jubilation is turning to disenchantment as young activists arrested after protest calling for election date to be setThe arrest of several protesters in Madagascar has increased fears among young people that the military regime that took power last year after huge Gen Z demonstrations will be no better than the government it overthrew.Four Gen Z activists, Herizo Andriamanantena, Miora Rakotomalala, Dina Randrianarisoa and Nomena Ratsihorimanana, were arrested on 12 April, one of their lawyers said, two days after taking part in a protest calling for an election date to be set. Continue reading...

ACT independent David Pocock is calling for a 25% tax on gas exports to fund welfare and housing. Follow today’s news liveGet our breaking news email, free app or daily news podcastLabor should use the proceeds of limiting tax concessions for property investors and a crackdown on gas export profits to fund welfare increases and build housing, charities and social service groups say.Ahead of next month’s federal budget, the Albanese government is under pressure to wind back negative gearing rules and the 50% capital gains tax discount for property investments, and to tax more of the profits from soaring commodity exports, pushed up by the global energy shock.People on the lowest incomes are skipping meals, delaying medical care and rationing energy just to get by.Frontline services are operating at capacity, facing growing demand and increasingly complex needs. Current policy settings are not meeting the needs of our communities – it’s clear that significant and sustained public investment is essential. Continue reading...

Chris Wright says ‘I don’t know’ when asked about lower cost of gas as average price soars to $4 a gallon in USChris Wright, the Trump administration’s energy secretary, acknowledged Sunday that it might not be until 2027 before US gas prices come back under $3 a gallon.Asked by Jake Tapper, the CNN State of the Union host, when he thought “it’s realistic for Americans to expect the gas will go back to under $3 a gallon”, Wright replied: “I don’t know. That could happen later this year. That might not happen until next year.” Continue reading...

In Hamtramck, Abdulrahman Abohatem placed himself between 16-year-old girl and man before police arrestA gasoline station clerk who came to a suburban Detroit girl’s defense when she entered his store and mouthed the word “help” ultimately had a hand in saving the teenager after a stranger had kidnapped her at gunpoint on her way to school, according to authorities.“I believe this could have [gone] a lot worse than it did,” said police chief Hussein Farhat of Hamtramck, Michigan, at a news conference addressing a rescue partially attributed to convenience store employee Abdulrahman Abohatem. “We have every belief that this could have ended really badly.” Continue reading...