Fuel & oil news
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Headlines
OPEC Bets on India, Not Europe, to Drive Future Oil Demand
OPEC's World Oil Outlook 2026 forecasts oil demand rising to 113.3 million bpd by 2030, with India as the key driver, challenging peak-oil narratives.
Gulfport Energy vs Viper Energy: Producer or Royalty Collector
Gulfport Energy and Viper Energy represent two distinct energy investment strategies—production versus royalty collection—with diverging revenue growth and risk profiles.
Oil Prices Tumble Below $77 as US-Iran Talks Signal Supply Relief
Brent crude fell below $77 a barrel, the lowest since early Middle East war, after the US and Iran signed a memorandum to reopen the Strait of Hormuz, but inventory data suggests the market may be overreacting.
SpaceX stock surges as traders pile in during wild week
SpaceX stock saw a sharp rally as retail and institutional traders piled in, reflecting heightened speculative interest in the private space company.
Return to $3 Gasoline? What It Will Take for US Drivers
Oil prices fell after a US-Iran deal to reopen the Strait of Hormuz, but analysts say US gasoline won't return to $3 until crude and gasoline stockpiles are replenished, likely not before end of 2026.
High Tanker Rates Disrupt Persian Gulf Oil Shipments to Asia
Chinese and Indian refiners struggle to secure supertankers for Persian Gulf crude as freight rates triple and war-risk guarantees remain uncertain, threatening supply flows to Asia.
India Pump Prices Stuck Despite Global Crude Crash
India's fuel prices remain elevated despite falling global crude oil prices, as retailers need time to pass on cheaper crude costs to consumers.
Iran Needs a Deal as Oil Crisis Turns Its Key Asset Into a Liability
Iran's oil export model, reliant on China and shadow logistics, faces disruption from the Strait of Hormuz crisis, making a nuclear deal more urgent despite sanctions.
JPMorgan Says European Stocks Cheap After Oil Slump
JPMorgan says European equities are attractively valued after the oil price slump, as easing Middle East tensions may boost investor appetite for the region.
Iran Nuclear Talks Stalled Over Fate of Enriched Uranium Stockpile
Negotiations over Iran's nuclear program remain deadlocked as the fate of its 440.9 kg stockpile of 60% enriched uranium poses a key obstacle, with implications for oil market stability in the Middle East.
Australia Renewable Energy Pipeline Surges 30% to Record 32.3 GW
Australia's pipeline of probable clean energy projects jumped by about 30% to a record 32.3 GW, driven by government tenders for nearly 10 GW of new capacity.
BOE Holds Rates at 3.75%, Cites Encouraging Oil Price Drop
The Bank of England held its key rate at 3.75%, noting the recent drop in oil prices as encouraging, though two policymakers dissented in favor of a hike.
Gasoline Dips Below $4 Per Gallon by a Hair
US gasoline prices have slipped just under $4 per gallon, a psychological threshold that could influence consumer sentiment and fuel demand expectations.
Goldman Sachs Warns Strait of Hormuz Traffic May Never Fully Recover
Goldman Sachs warns that tanker traffic through the Strait of Hormuz may only recover to 70% of pre-war levels due to alternative routes, potentially reshaping global oil supply chains.
High Oil Prices Drive 34% Surge in European EV Sales
High oil and fuel prices drove a 34% year-on-year increase in European electric vehicle sales in May, supported by cheaper Chinese imports and rising demand for domestic models like Renault.
Saudi Aramco Eyes $7 Billion Sulfur Asset Sale as Demand Soars
Saudi Aramco is considering selling a stake in its sulfur business for up to $7 billion, capitalizing on surging demand and tight global supply after Middle East disruptions.
Czech Central Bank May Hike Rates for First Time Since 2022
The Czech central bank is considering its first rate hike since 2022 to combat domestic inflation, even as global energy price risks ease.
Enterprise Products Partners Raises Dividend as EBITDA Grows 10%
Enterprise Products Partners raised its quarterly dividend after reporting 10% adjusted EBITDA growth, driven by strong midstream operations and new capital projects.
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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.