Fuel & oil news
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Headlines
Europe scrambles to contain energy shock as oil output stalls
The EU faces a second energy crisis in four years as Middle East conflict drives oil and gas prices higher, with Kuwait warning output won't recover for 10-12 weeks after Hormuz reopens.
NRG Energy Says Companies Weren't Ready for AI Data Center Boom
NRG Energy's chief growth and policy officer said energy companies were unprepared for the rapid AI data center expansion, which is straining the US power grid.
Nuclear Startups in Advanced Talks to Buy Cold War Plutonium
Nuclear startups are in advanced negotiations to acquire Cold War-era plutonium, signaling intensifying competition for fuel amid a global nuclear renaissance.
Xcel CEO Frenzel: Investing in Wind, Solar for a Modern Grid
Xcel Energy CEO Bob Frenzel says the company is investing across wind and solar to build a more resilient grid, while noting natural gas prices have remained stable despite rising oil prices from US-Iran tensions.
Santander, JPMorgan Lead $1B Financing for TGS Vaca Muerta Pipeline
Santander, JPMorgan and Citigroup are structuring a $1 billion financing package for TGS's pipeline project in Argentina's Vaca Muerta shale, boosting gas transport capacity.
Fed Beige Book Shows Steady Employment, Higher Inflation on Energy Costs
The Federal Reserve's Beige Book survey indicates steady employment across most districts but higher inflation, driven primarily by rising energy costs linked to the Middle East conflict.
Duke CEO Sees AI Fueling Power Growth at 10 Times Historic Pace
Duke Energy's CEO forecasts power demand will surge at 10 times the historical rate, driven by AI data centers and electrification, signaling major shifts for energy markets.
Stock Picking Moment Arrives, Says Berry as Energy Fades
Ann Berry, founder of Threadneedle Ventures, says the current market favors stock picking over energy value plays, signaling a shift in investor focus.
BP Gets Vote of Confidence as New Top Investor Adds to Stake
A major new BP investor increased its stake after the chairman's firing, signaling confidence in the company's strategy despite boardroom turmoil.
Britain Borrowing Outlook Darkens as Energy Shock Deepens
The OBR warns that government borrowing will spike due to the Iran war, having underestimated the impact of the previous energy price shock from Russia's invasion of Ukraine.
Vitol Warns Gasoline Supply Crunch Looms Amid Iran Conflict
Vitol Group warns gasoline could be the next fuel to face severe supply pressure as the Iran conflict disrupts refining and trade flows, raising risks for global fuel markets.
South Korea Triples Canadian Crude Imports, Boosts LNG in Supply Diversification
South Korea will triple crude imports from Canada this year and boost LNG purchases from Canadian projects, diversifying energy supply amid Middle East supply shocks.
Russia's Refinery Payouts Near Two-Year High, Squeezing State Revenue
Russia's payouts to refiners in May neared a two-year high, reducing oil and gas revenues despite higher crude prices from Middle East tensions.
Morgan Stanley Sees AI-Driven Equity Momentum Continuing
Morgan Stanley strategist Michelle Weaver says AI-driven demand continues to support equities, but warns that the 10-year Treasury yield near 4.5% is a critical level for valuations.
Iraq Plans to Triple Pipeline Oil Exports via Kurdistan to Ceyhan
Iraq approved a plan to triple crude oil exports via the Kurdistan-Turkey pipeline to Ceyhan within three months, as the Strait of Hormuz closure disrupts its seaborne shipments.
Google Parent Alphabet Joins $1B Muni Bond for Prepaid Energy
Alphabet Inc. is entering the municipal bond market through a $1 billion California transaction tied to prepaid energy, signaling growing institutional interest in this niche.
Rubio Says US Wants to End Russian Oil Waivers as Soon as Possible
Secretary of State Marco Rubio told a Senate committee that the Trump Administration wants to end sanction waivers allowing Russian oil sales as soon as possible, though the Treasury Department holds the final decision.
Oil Price Shock Shifts Market Focus to Inflation Ahead of Jobs Data
Traders are shifting focus from a strong jobs report to inflation risks as the war-driven oil price shock raises concerns about sustained price pressures and potential Fed tightening.
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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.