Eversource says it wants to decrease gas bills by 10% for Massachusetts customers in March and April. On Monday, Eversource filed the counterproposal in response to the state's Department of Public Utilities request that energy companies cut gas rates by 5%.

The state’s two biggest utilities said Monday they will reduce gas bills for the next two months, but recoup the costs later this year.

Australian oil and gas major Woodside Energy reported its smallest annual underlying profit in three years on Tuesday, hurt by lower realised prices, but maintained its 2025 output forecast on expectations of strong demand for liquefied natural gas.

A record year for oil and gas production in 2024 helped to offset a 6% drop in sales revenue as Woodside realized lower prices for its output, the company said.

Lower oil and gas prices account for a downturn in underlying profit reported by Woodside Energy Group Ltd (ASX:WDS) in its full-year financial report for 2024. Woodside’s underlying profit was $2.88 billion in 2024 – a drop of 13% compared to the previous year,