Fuel & oil news
Headlines summarized in your language. Refreshed every 30 minutes.
Headlines
Iraq Floats OPEC Exit as Baghdad Hosts EU Energy Talks
Iraq warns it could leave OPEC unless granted a higher production quota, as European officials prepare to visit Baghdad for energy cooperation talks.
Oil Heads for Weekly Decline Despite Hormuz Ship Attack
Oil prices fell, heading for the biggest weekly drop in a month, as transit through the Strait of Hormuz resumed after a cargo ship attack, easing supply disruption fears.
US Natural Gas Rises on Hot Forecasts as July Contract Expires
US natural gas futures rose on the final trading day of the July contract as forecasts of above-average temperatures boosted cooling demand, with thin liquidity amplifying price moves.
Saudi Arabia Boosts Oil Exports as Gulf Ports Resume Operations
Saudi Arabia is ramping up crude exports as Persian Gulf ports resume operations, adding supply to global markets and potentially pressuring oil prices.
Crude Prices Sink as Traders Bet on More Iranian Oil
WTI crude futures fell sharply as traders shifted focus from Middle East supply risks to the prospect of more Iranian oil entering global markets, with the August contract settling at $71.53.
Qatar Offers First Crude Loadings Outside Strait of Hormuz Since War
QatarEnergy tenders crude for loading outside the Strait of Hormuz via ship-to-ship transfers, marking the first such offering since the Iran war began in February.
Asian LNG Buyers Expect Qatar to Let Force Majeure Lapse in July
Asian LNG buyers expect Qatar to let its force majeure expire in July as regional tensions ease and exports ramp up, potentially boosting spot supply.
Traders Pare ECB Rate Bets to Below Quarter-Point Hike in 2026
Traders have scaled back expectations for ECB rate hikes to below a quarter-point in 2026, as falling oil prices ease inflation concerns and reduce the urgency for tighter monetary policy.
China Gives Coal Room to Grow in New Five-Year Energy Plan
China's new five-year energy plan allows coal consumption to grow, prioritizing energy security over climate goals, which could keep global coal demand elevated and pressure emissions targets.
Kazakh Karachaganak Field Cuts Oil Output After Drone Strike
Kazakhstan's Karachaganak field cut crude output by over 25% after a drone attack shut a Russian processing plant, tightening global supply expectations.
European Gas Edges Higher on Hormuz Strait Attack Fears
European natural gas prices edged higher after an attack on a cargo ship in the Strait of Hormuz renewed fears about safe passage through the critical waterway, threatening global LNG supply.
Lundin Oil Executives Face War Crimes Trial Over Sudan Dealings
Former Lundin Oil chairman Ian Lundin and ex-CEO Alexandre Schneiter face trial for alleged complicity in war crimes committed by Sudanese forces during the country's civil war.
Asian shares plunge as profit-taking hits AI-driven rally
Asian equities tumbled on Friday as investors locked in profits from AI-driven rallies, with Japan's Nikkei and South Korea's Kospi leading losses.
China Crude Oil Imports Set to Fall Further in June
China's crude oil imports are expected to decline further in June, extending a period of weak demand that has weighed on global oil prices.
Chinese Energy Firm Huachen Plans New Bond Restructuring After Payment Delay
Huachen Energy Co., a Chinese power producer, plans to propose a fresh bond restructuring to investors as early as August after a payment delay, aiming to ease liquidity pressure.
AI Boom Drives Global Energy Land Rush for Power-Hungry Data Centers
The AI revolution's most critical resource is no longer chips but reliable, high-voltage electricity, sparking an unprecedented global competition among tech giants for power-hungry data centers.
OPEC Control Rejection Could Push Oil Below $50 a Barrel
Growing defiance against OPEC production quotas, highlighted by Iraq's potential exit, raises the risk of a supply glut that could drive oil prices below $50 a barrel in 2026.
Colombia Cocaine Revenue Surpasses Oil Export Earnings in 2024
Cocaine revenues in Colombia reached $16.5 billion in 2024, surpassing oil export earnings of $15 billion, highlighting the scale of the illicit drug trade relative to legal energy exports.
Page 1 of 26
About this page
NowPrice news curates headlines from established financial sources (CoinDesk, Decrypt, Investing.com, MarketWatch, OilPrice, Bloomberg and others). Our editorial team writes concise summaries in 5 languages. We don't republish articles — every story links back to the source.