Fuel & oil news
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Headlines
Russia Fuel Crisis Deepens as Putin Acknowledges Gasoline Shortages
Russian President Vladimir Putin acknowledged growing gasoline shortages, deepening the country's fuel crisis and raising concerns for drivers and industries.
Pakistan Plans to Boost LPG Imports, Mulls Cheaper Iranian Oil
Pakistan plans to boost LPG imports from Iran and is considering cheaper crude oil imports as US sanctions waivers on Iranian petroleum sales remain in effect until August 21.
Halliburton, Valero and 3 More Stocks Set Up for a Fragile Hormuz Truce
Brent crude has fallen over 20% in the past month as the Strait of Hormuz reopens after nearly four months of disruption, boosting stocks like Halliburton and Valero that are positioned for a fragile truce.
ICE Plans Futures on Monetary Policy and US Natural Gas Storage
Intercontinental Exchange plans to launch futures contracts tied to global monetary policy decisions and US natural gas storage, expanding its energy and macro derivatives lineup.
Kenya, Congo Eurobonds Rally as Oil Rout Eases Import-Cost Fears
Kenyan and Congolese eurobonds are among the best-performing African debt this month as falling crude prices reduce import costs and ease fiscal pressure on oil-importing nations.
European Nuclear Startup Newcleo Eyes US SPAC for Clean Energy Push
Newcleo, a European startup developing nuclear reactors that run on recycled waste, is reportedly seeking a US SPAC merger to fund its clean energy ambitions, signaling renewed investor interest in advanced nuclear technology.
Eni and Adnoc Investment Arm XRG Buy into Argentine LNG Project
Eni and Adnoc's investment arm XRG have agreed to acquire stakes in an Argentine LNG export project, signaling growing international interest in the country's vast Vaca Muerta gas reserves.
Capstone Energy+ Wins Follow-On Order for Chile Refinery Microturbine Expansion
Capstone Energy+ received a follow-on order from Chile's ENAP for a C800 microturbine, expanding capacity to 2.2MW at the world's southernmost refinery in Patagonia.
Mercuria Signs First Uranium Prepayment Deal With Malawi Miner
Mercuria Energy Group signed its first uranium prepayment agreement with a miner in Malawi, marking the trading house's entry into nuclear fuel financing.
Diamondback Energy joins Russell value and defensive indexes
Diamondback Energy has been added to the Russell 1000 Value Defensive and Defensive Indexes, highlighting its role as a value-oriented, lower-volatility oil and gas producer in the Permian Basin.
Mexco Energy Net Income Falls 24% in Fiscal 2026 on Lower Oil Prices
Mexco Energy reported a 24% drop in net income for fiscal 2026, driven by lower oil prices and reduced production, while natural gas gains partially offset the decline.
Infortar Subsidiaries Sign EUR 60 Million Gas Network Loan
Elenger Polska group, subsidiaries of Aktsiaselts Infortar, secured a EUR 60 million syndicated loan to invest in Polish gas network infrastructure.
Gas prices fall but broader inflation retreat will lag, economists warn
Gas prices have dropped sharply from a month ago, but economists warn that broader inflation will retreat more slowly due to sticky costs and still-elevated fuel prices year-over-year.
Middle East Oil Production Rebounds to 15 Million Bpd
Middle East crude output rebounded to 14.6–15 million bpd amid the US-Iran ceasefire, with Rystad Energy predicting full recovery to pre-war levels by end-2026.
Moody’s Says India Can Handle Modest Fiscal Slippage This Year
Moody’s Ratings said India can withstand a wider-than-expected fiscal deficit this year without jeopardizing its investment-grade rating, as higher energy costs are seen as temporary.
China LNG Imports Set to Rise as Summer Heat Boosts Power Demand
China's LNG imports in June are expected to hold near year-ago levels but rise from May, driven by surging summer power demand for air conditioning.
Spanish Inflation Holds Above ECB Target Despite Energy Drop
Spanish inflation unexpectedly held well above the ECB's 2% target in the first reading since the US-Iran peace deal reduced energy prices, complicating the central bank's policy path.
FTSE 100 Futures Steady as Oil Holds Near $72
FTSE 100 futures held steady as oil prices stabilized around $72 per barrel, with traders eyeing supply-demand dynamics and upcoming economic data for direction.
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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.