Fuel & oil news
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Headlines
India Orders Major Strategic Oil Reserve Expansion After Supply Crisis
India has ordered state-owned ONGC to build and fill a new strategic petroleum reserve site with an estimated $1.6 billion investment, aiming to boost energy security after the Iran war supply crisis.
Philippines Seeks Long-Term Oil Supply Deal With Russia
Philippine President Ferdinand Marcos Jr. announced plans to formalize a long-term oil supply deal with Russia, as the country faces supply shortages from the Middle East amid geopolitical tensions.
Iran Conflict Boosts Renewable Energy Interest, Multilateral Lender Says
The Iran conflict, which has driven crude oil prices to multi-year highs, is accelerating global interest in renewable energy and energy security projects, according to the Private Infrastructure Development Group.
Hormuz Traffic Thins Friday as Shipowners Err on Side of Safety
Traffic through the Strait of Hormuz thinned on Friday as shipowners prioritized safety, a day after a surge in oil flows following US-Iran vows to lift blockades, raising supply risk premiums.
UK Bonds Fall as Burnham Win, Oil Prices Renew Fiscal Concerns
UK government bonds fell on Friday as a special election win by Andy Burnham added political uncertainty, while higher oil prices renewed inflation concerns and fiscal pressure.
Malik: War Scars Affect US and GCC Relations as Iran Deal Takes Effect
Hasnain Malik of Tellimer discusses how the interim US-Iran peace deal and resumed oil shipments through the Strait of Hormuz impact US-GCC relations amid lingering war scars.
Oil Prices Rebound as US-Iran Peace Talks Postponed
Oil prices rebounded in early Asian trade on Friday after Switzerland confirmed that peace talks between the US and Iran had been postponed, reigniting supply risk premiums.
South Korea Producer Prices Jump Most Since 2022 on Energy Costs
South Korea's producer prices rose at the fastest pace in nearly four years in May, driven by higher energy costs, signaling persistent inflationary pressures that could influence the Bank of Korea's policy stance.
Europe Enters Nuclear Golden Age as AI Boom Drives Power Demand
Europe is experiencing a nuclear power revival driven by surging electricity demand from AI and data centers, with Germany considering extending oil reserve relief despite falling prices.
First Oil Sands Project in 10 Years Starts Production in Alberta
International Petroleum Corp. has started commercial production at the Blackrod oil sands project in Alberta, the first new oil sands project since 2014, targeting 80,000 barrels per day.
Hawkish Central Banks Weigh on FTSE 100, Risk-On Mood Lifts Nikkei 225
Hawkish signals from major central banks pressured the FTSE 100, while a risk-on mood lifted the Nikkei 225, as oil prices retreated on Middle East de-escalation.
Mesa Royalty Trust Skips June 2026 Distribution on High Costs
Mesa Royalty Trust announced no distribution for June 2026 as costs exceeded revenue from oil and gas sales, highlighting margin pressure in mature basins.
Germany Considers Extending Oil Reserve Relief Despite Falling Prices
Germany is considering extending a temporary reduction in national oil stockpiling requirements beyond August 31, even as falling prices and easing geopolitical tensions reduce supply risks.
FERC Chair Warns US Electric Grid 'Not Going to Work' for Data Centers
FERC Chair Laura Swett warns that without interventionist action, US electric grids cannot handle surging data center power demand, threatening energy reliability.
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 Crash But Inventories Tell a Different Story
Brent crude fell below $77 a barrel after the US and Iran agreed to reopen the Strait of Hormuz, but inventory data suggests the selloff may be overdone.
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.
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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.