Fuel & oil news
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Headlines
Pakistan Seeks Urgent LNG Cargo as Hormuz Attacks Disrupt Supply
Pakistan issues an urgent tender for an LNG cargo after renewed hostilities in the Strait of Hormuz disrupt supply, raising concerns over Asian spot LNG prices and energy security.
Deutsche Bank Eyes India, Indonesia Bonds on Oil Below $70
Deutsche Bank's private arm signals it will buy emerging Asia bonds if oil stays below $70, as lower crude reduces inflation and yields in import-dependent economies.
Modi and Albanese Pledge Deeper Economic, Defense, Energy Ties
Indian PM Modi and Australian PM Albanese met in Melbourne to deepen economic, defense, and energy cooperation, signaling stronger bilateral ties.
Sempra Infrastructure Ships First LNG Cargo from Mexico Pacific Coast
Sempra Infrastructure's ECA LNG Phase 1 project in Ensenada, Mexico, has shipped its first LNG cargo, marking a milestone toward full commercial operations and adding a new supply source from North America's Pacific Coast.
Carnival (CCL) Slides on Oil Price Fears, Is It 28% Undervalued
Carnival (CCL) shares fell sharply as rising oil prices stoked concerns over cruise fuel costs, while the stock was also removed from several Russell growth indices.
American Airlines Launches Ontario-Chicago Route Amid Oil Price Volatility
American Airlines Group launched daily nonstop service between Ontario International and Chicago O'Hare, adding capacity on a contested route as oil price volatility impacts airline stocks.
Dangote Plans to Double Refinery Capacity to 1.45 Million b/d
Dangote plans to add a second crude distillation unit at its Lekki refinery, lifting total capacity to 1.45 million b/d and potentially making it the world's largest refinery.
Gulf Oil Producers Slash Prices to Asia in Market Share Battle
Saudi Arabia and other Gulf producers have slashed crude prices for Asian buyers by the most in two decades, reigniting competition for market share after the Strait of Hormuz reopened.
Texas A&M Discovery Could Slash Battery Costs Using Natural Gas
Scientists at Texas A&M University accidentally discovered a method to produce graphene oxide from natural gas, potentially lowering lithium-ion battery costs and reducing reliance on traditional graphite sources.
India's $100B Grid Bet Fuels Solar Manufacturing Boom
India's $100 billion grid modernization plan is driving a rapid expansion in domestic solar manufacturing, shifting the country from coal dependency to renewable energy leadership.
Canada and Alberta Sign Deal for New West Coast Oil Pipeline
Canada and Alberta signed a landmark agreement to advance a West Coast oil pipeline to Asian markets, targeting construction approval by September 2027.
Why Big Oil Belongs in Your Retirement Portfolio
Energy stocks offer diversification and inflation protection, making a case for including Big Oil in retirement accounts like 401(k)s and IRAs.
Record US Fuel Exports Strain Domestic Stockpiles as Iran Tensions Rise
Record US fuel exports, driven by strong overseas demand and rising Iran tensions, are depleting domestic stockpiles and pushing energy prices higher.
Treasury Yields Surge as Markets Bet Warsh Fed Will Hike Rates
The two-year Treasury yield surged near a 17-month high on Wednesday as markets price in a September rate hike, driven by rising oil prices from US-Iran tensions and expectations that Fed Chair Warsh will act on inflation.
Russia Bans Diesel Exports After Ukraine Strikes Refineries
Russia banned all diesel exports through July to stabilize domestic fuel supply after Ukrainian drone strikes crippled key refineries, tightening global diesel markets.
Saudi Efforts to Revive Gulf Oil Loadings Hit Buyer Caution
Saudi Arabia's push to resume oil loadings at Ras Tanura faces buyer reluctance amid renewed shipping threats in the Persian Gulf, potentially tightening supply.
Brent Surge Hits Options Levels That May Amplify Rally
Brent crude surged 8% on Wednesday, pushing futures into high open interest options levels that could fuel further gains as dealers hedge delta exposure.
Global Nuclear Capacity to Surge 44% by 2036, Led by China and India
Global nuclear power capacity is expected to rise 44% by 2036, with China overtaking the US as the top nuclear holder and India boosting capacity for energy security.
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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.