Fuel & oil news
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Headlines
U.S. LNG Emerges as Global Supply Backbone Amid Middle East Risks
U.S. LNG is solidifying its role as the backbone of global gas supply as Middle East instability and geopolitical risks disrupt traditional trade flows, reshaping energy security for buyers in Europe and Asia.
NextEra Energy to Buy Dominion Energy in $67B Deal; Ryanair Gains on Narrower Loss
NextEra Energy agreed to acquire Dominion Energy in a $67 billion stock deal, creating a massive utility; Ryanair shares rose after reporting a narrower net loss but flagged rising costs.
Brazil's Record Oil Production Hits New High in March 2026
Brazil's oil production hit a record high in March 2026, reinforcing its role as a key non-Middle Eastern supplier amid global supply risks.
New Fed Chair Faces Pressure as Oil Prices Fuel Inflation
Kevin Warsh won Senate confirmation as Fed Chair, facing pressure from Trump to cut rates even as rising oil prices stoke inflation.
BofA Sees $90 Brent as Best-Case Oil Scenario for 2026
Bank of America's commodities chief sees Brent averaging $90 as the best-case scenario for the rest of 2026, with upside risk from Iran tensions.
BofA Warns of Tight US Gas Market and Higher Prices This Summer
Bank of America's Francisco Blanch warns of a significant global oil deficit leading to higher US gas prices and potential availability issues this summer driving season.
China Burns More Coal and Gas as Wind and Nuclear Output Falls
China boosted coal and gas power generation by 3.1% in April as wind and nuclear output fell, raising concerns about higher emissions and fuel demand ahead of summer.
Russia Quietly Adds Four LNG Carriers to Arctic Dark Fleet
Russia has added four LNG carriers to its dark fleet servicing the sanctioned Arctic LNG 2 project, according to shipping data analysis, potentially boosting its ability to bypass Western restrictions.
US Equity Investors Eye Treasury Yields as Oil Gains Stoke Inflation Fears
Rising crude oil prices are fueling inflation concerns, keeping US equity investors focused on Treasury yield movements and potential Fed policy responses.
European LNG Imports Extend April’s Drop as Flows to Asia Climb
European LNG imports are set for a second consecutive monthly decline as cargoes increasingly divert to Asia, driven by stronger demand and higher prices in the region.
IEA Warns Commercial Oil Inventories Falling at Accelerating Pace
IEA Executive Director Fatih Birol warned that commercial oil inventories are shrinking at an accelerated pace, signaling tightening supply that could support crude prices.
Iran Tanker Cluster at Kharg Island Hits Post-Blockade High
A cluster of 23 tankers has formed around Iran's Kharg Island, the largest since the US Navy blockade began a month ago, threatening oil supply flows.
Thai Court Challenge Casts Doubt on $12 Billion Energy Loan Plan
Thailand's Constitutional Court will review a challenge to the government's 400 billion baht emergency borrowing plan, creating uncertainty over its ability to subsidize rising energy costs and support fuel markets.
Ukraine Uncertain of US Stance on Russia Oil Sanctions
Ukraine says it remains uncertain about the US stance on Russian oil sanctions after Washington let a waiver for Russian crude purchases expire, raising questions about enforcement.
Italy's Meloni Asks EU for Budget Flexibility Over Energy Costs
Italian Prime Minister Giorgia Meloni has requested that the European Commission grant more flexibility within EU budget rules for measures addressing rising energy costs, signaling potential fiscal support for energy-intensive sectors.
HSBC Launches $4 Billion Fund for China Clean Energy Exports
HSBC has launched a $4 billion credit facility to finance China's clean energy technology exports, including wind, solar, EVs, and AI, amid rising demand for alternatives to fossil fuels.
Why Oil, Beef, Electricity Prices Make No Sense – Odd Lots Live
A live Odd Lots discussion with Javier Blas and Lorcan Roche Kelly explores why commodity prices from oil to beef are behaving irrationally, leaving traders and consumers baffled.
India Can Weather Russian Oil Waiver Expiry on Ample Supply
India's oil refiners are expected to manage supply disruption after the US let its waiver on Russian crude purchases expire, supported by weaker demand and available barrels from the US and Middle East.
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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.