gas industry

The United States has finalized new, lower fuel economy standards, easing requirements on automakers in a move that supports continued production and sale of gas-powered vehicles. The rollback of stricter efficiency targets is drawing attention for its implications for the auto industry, fuel costs, and US climate policy.

The European Commission has called on EU member states to reduce their gas and electricity consumption amid rising energy prices. The appeal comes as households and industry across the bloc face high bills, and it signals Brussels' push for demand-side measures to ease pressure on the market. Member states' responses and any binding targets remain to be seen.

The European Union has urged member states to reduce energy demand and fill gas storage facilities as it keeps watch over an emerging price crisis in Europe's energy markets. The appeal, reported by Bloomberg and carried by Japanese outlets, reflects concern that tight supplies could push prices higher and strain households and industry across the bloc in the coming months.

The European Union has called on member countries to reduce their gas consumption as concerns grow over supply. The request reflects fears that gas flows may become insufficient, and it asks national governments to take measures lowering demand. The move is drawing wide attention across Europe as countries weigh how to respond and what it means for households and industry.

Europe is preparing for intensified competition with Asia over liquefied natural gas supplies, according to a Financial Times report. As both regions vie for limited cargoes, buyers could be forced to bid up prices, with implications for Europe's energy security and household and industrial costs. The competition centres on securing winter supply and attracting flexible US and Qatari cargoes away from Asian buyers.

The Trump administration has lowered federal fuel economy standards for cars and light trucks, easing efficiency requirements that automakers previously had to meet. The rollback, widely reported across US news outlets, is expected to reduce vehicle costs for consumers but has drawn criticism from environmental groups who say it will increase fuel consumption and greenhouse gas emissions. The change reverses stricter standards put in place under the previous administration.

The European Union may postpone its methane emissions rules by a year, according to a report from Rigzone. The regulation, part of the bloc's push to cut methane leaks from the energy sector, would affect oil and gas producers exporting to Europe. The possible delay is drawing attention from energy firms and climate advocates awaiting clarity on compliance timelines.

The Trump administration is sharply scaling back federal fuel economy standards for new cars, according to a New York Times report. The move would weaken mileage requirements for gas-powered vehicles, reversing stricter efficiency rules and drawing criticism from climate advocates while being welcomed by automakers and industry groups.

The Trump administration has completed its rollback of federal fuel-economy standards, weakening requirements that auto manufacturers improve the average fuel efficiency of new vehicles. The move reverses stricter rules adopted under the Biden administration, which were aimed at cutting gasoline consumption and greenhouse-gas emissions. The change is expected to draw legal challenges from states and environmental groups, while automakers weigh how the looser standards affect their production plans.

The Trump administration is moving to lower federal fuel economy standards for cars and light trucks, rolling back efficiency requirements that had been set to tighten over the coming years. Automakers and environmental groups are expected to clash over the change: manufacturers may welcome reduced compliance costs, while critics warn it will raise gasoline consumption and emissions. The move marks a significant shift in US vehicle policy.

US Supreme Court Justice Samuel Alito has withdrawn from a climate change case after complaints were raised about his financial holdings in oil and gas companies. The recusal means he will not take part in the court's consideration of the dispute, which touches on matters central to climate litigation and energy industry interests.

The European Union has ruled out new oil and gas drilling in the Arctic, reaffirming its position against fossil fuel expansion in the polar region. The move aligns with the bloc's climate commitments and its long-standing push to protect the environmentally sensitive Arctic from extractive industries. Commenters are weighing what the decision means for energy security, climate policy and the EU's role in Arctic affairs.

A campaign is calling for national delegations to the COP31 climate summit to exclude fossil fuel lobbyists entirely. The push aims to prevent oil, gas and coal industry representatives from influencing negotiations at the UN climate talks. Advocates argue industry presence undermines the credibility and ambition of the summit's outcomes.

The Wall Street Journal reports that American pressure, including tariffs and trade threats, is pushing Canada to accelerate development of its vast energy resources. The piece examines how Ottawa and industry are responding by seeking new pipelines, export routes and customers beyond the United States. Analysts see the moment as a potential turning point for Canada's oil, gas and critical minerals sectors, reducing reliance on the U.S. market.

The US government is moving to simplify environmental reviews for natural gas projects, a step officials describe as making project development easier. The change could speed up permitting for pipelines, terminals and other gas infrastructure, cutting the time and paperwork developers face. Environmental groups are likely to object that weaker reviews raise risks to air, water and affected communities.

CERAWeek, the annual energy industry gathering in Houston, USA, is under way, bringing together more than 10,000 attendees from around 90 countries. The conference draws chief executives of major corporations alongside government representatives to discuss energy policy, oil and gas markets, and the global energy transition. It is widely regarded as one of the sector's most influential annual meetings.

Around 8% of workers in Norway's oil industry are threatening to go on strike starting June 5, a move that could disrupt production on the Norwegian continental shelf, a major supplier of oil and gas to Europe. The threat comes amid ongoing wage negotiations in the offshore petroleum sector, with unions and employers working to avoid industrial action during the summer season.

Arevia Power, previously known as a solar developer, is reportedly repositioning itself toward gas-fired power and data center energy projects. The reported pivot highlights how energy companies are chasing demand from data centers rather than renewables alone. Details on the scale of the shift and its clients remain limited, but the move fits a broader industry trend of repurposing clean-energy developers for AI-driven power demand.

Chinese gas turbine manufacturers are setting their sights on challenging the established global players in the industry, with Malaysia cited as a possible starting point for their international expansion. The report highlights Beijing's broader push to move Chinese heavy-industry firms into markets long dominated by Western manufacturers, and raises questions over whether Southeast Asia will be the first testing ground for that ambition.

Zodiac Maritime is moving into LNG shipping, placing a new order with South Korea's Hanwha Ocean to expand its fleet beyond traditional tanker and dry cargo segments. The move signals growing shipping-industry confidence in long-term demand for liquefied natural gas transport capacity.

Toyota's next-generation Corolla, expected around 2028, could be offered with a full range of powertrains including gasoline, hybrid, plug-in hybrid and fully electric versions. Reports suggest the automaker plans to keep its best-selling compact competitive across markets by letting buyers choose their preferred technology rather than forcing a single drivetrain. The news is drawing attention from auto enthusiasts and industry watchers tracking how mainstream manufacturers balance EV transitions with continued demand for traditional engines.

South Korean shipbuilder Hanwha Ocean has secured an order to build two LNG carriers. The deal adds to the company's orderbook in the liquefied natural gas shipping segment, where Korean yards compete heavily with rivals for newbuild contracts. Details on the customer, contract value and delivery schedule were not immediately disclosed.

Koreans in their 20s are increasingly choosing electric vehicles over gasoline cars, according to Korea JoongAng Daily. The trend reflects a generational shift in the world's major carmaking nation, where younger buyers are reportedly more drawn to EVs for running costs and environmental reasons, leaving older drivers sticking with combustion models.

The Trump administration has announced it is scaling back fuel efficiency standards for new cars, loosening requirements that automakers improve gas mileage across their fleets. The move reverses stricter emissions and efficiency rules put in place under previous administrations, and is likely to draw opposition from environmental groups and some states while being welcomed by automakers seeking lower compliance costs.

The Retail Energy Supply Association, a US trade group representing competitive retail energy suppliers, has elected a new president to lead the organization through 2027. The appointment signals continuity of the group's advocacy for retail energy markets during a period of policy debate over electricity and natural gas competition.