Fuel & oil news
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Headlines
Oil climbs on Trump Iran warning, but supply buffer loss looms
Oil futures rose Monday after President Trump warned Iran of consequences, but analysts warn that shrinking global spare capacity could fuel a sharper price rally.
Ford takes first big step toward becoming an energy business
Ford signs a deal with a French electric utility, marking its first major move into the energy business as it expands beyond auto manufacturing.
US and China Clean Energy Investment Slumps 42% on Policy and Market Shifts
Clean energy manufacturing investment in the US and China dropped 42% from 2023 peaks, driven by China's oversupply correction and US policy uncertainty, signaling a potential slowdown in global renewable capacity additions.
Mexico Signs Deal for Floating Gas Plant to Meet Yucatan Demand
Mexico signed a deal to deploy a floating gas power plant in the Yucatan peninsula, part of a broader push to boost electricity generation and prevent seasonal blackouts.
Granite Ridge Resources Q1 Earnings Miss on Weak Oil, Gas Prices
Granite Ridge Resources reported Q1 earnings that missed Wall Street estimates on both revenue and EPS, driven by weak realized oil and gas prices in the Permian Basin and higher service costs.
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.
Australian Strike Threatens to Tighten Global LNG Supply Further
A union strike threat at Inpex's Ichthys LNG facility in Australia from May 27 could further tighten already strained global LNG markets amid geopolitical supply risks.
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.
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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.