Fuel & oil news
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Headlines
Gold Holds Drop as US-Iran Clashes Keep Inflation Risks in Focus
Gold prices remain under pressure as renewed US-Iran hostilities threaten nuclear talks and keep energy costs and inflation risks elevated, supporting a hawkish Fed stance.
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.
Asian Stocks Slide on Broadcom Outlook, Oil Edges Lower
Asian stocks fell alongside US equity futures after Broadcom's weak forecast, while oil prices edged lower amid renewed US-Iran tensions.
Oil Falls as US Announces Israel-Lebanon Ceasefire Deal
Oil prices slipped after the US announced a ceasefire agreement between Israel and Lebanon, removing a geopolitical risk premium that had supported crude over recent sessions.
Big Tech Faces Rising Energy Costs as AI Drives Power Demand
Rising electricity consumption from artificial intelligence is pushing up energy costs for major technology companies, adding pressure on margins amid massive AI spending pledges.
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.
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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.