Fuel & oil news
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Headlines
Sanctioned Russian LNG Tanker Docks at Norwegian Port for First Time
A UK-sanctioned LNG tanker linked to Russia's Arctic gas trade stopped at a Norwegian port, marking the first such vessel appearance under Western sanctions in these waters.
Oil Markets Whipsaw as US-Iran Tensions Swing Crude Near $100
Oil prices swung wildly after reports of a US-Iran framework deal briefly crashed Brent, followed by fresh US strikes that pushed crude back toward $100 a barrel.
BP Fires Chair Albert Manifold Over Conduct Concerns
BP has ousted chair Albert Manifold after less than a year, citing serious misconduct including verbal abuse and bullying, raising governance concerns at the energy major.
Japan Moves to Shield Energy Assets of Its Firms in Russia
Japan is working to safeguard the energy assets of its companies in Russia by maintaining diplomatic channels, as Trade Minister Ryosei Akazawa confirmed ongoing government dispatches to Moscow.
Oklo Shares Jump on US Nuclear Fuel Program Talks
Oklo Inc. shares rose after the Sam Altman-backed company announced talks with the US Department of Energy to supply nuclear fuel, addressing potential supply bottlenecks for reactor deployment.
India's KPI Green Energy Plans $1B Renewables Trust by 2028
KPI Green Energy, part of India's KP Group, plans to launch a renewable energy infrastructure investment trust worth up to $1 billion by the end of fiscal 2028, targeting 1.5-2 GW of operational solar, wind, and hybrid projects.
US Natural Gas Rises on Lower Output, Higher LNG Flows
US natural gas futures rose as producers cut output over the holiday weekend and more gas flowed to LNG export terminals, tightening domestic supply.
TD Securities Strategist Warns of Stagflation Premium in Bond Markets
TD Securities' Pooja Kumra says global bond markets are pricing a stagflation premium driven by higher oil prices and fiscal concerns, with long-end yields reflecting real yield moves rather than inflation expectations.
Nordex Calls for EU Ban on Chinese Wind Turbines in European Grids
German wind turbine maker Nordex urges the EU to ban non-western equipment from new renewable projects, citing concerns over China's dominance in clean energy supply chains.
ECB to Raise Inflation Forecast in June, Lane Says
ECB Chief Economist Philip Lane said the central bank will likely raise its inflation projection in June due to elevated energy prices from the Iran war, signaling a potentially slower pace of rate cuts.
Ferrari Drops 8% as Luce EV Launch Disappoints; US Futures Rise
Ferrari shares plunged nearly 8% after the unveiling of its first EV, the Luce, disappointed investors, while US equity futures rose on Middle East deal hopes despite oil gains from US strikes on Iran.
Canada and India Pursue Major Free Trade Deal Focused on Energy and Tech
Canada and India are negotiating a free trade deal anchored in energy, agri-food, and technology, which Canadian PM Mark Carney called a game changer for Canadian businesses and workers.
Japan's May Oil Imports to Rebound After April Slump
Japan's crude imports are set to rebound in May to about 1.7 million barrels per day as refiners secure alternative supplies amid ongoing Strait of Hormuz disruptions.
Santos Doubles Down on Oil and LNG Expansion in Alaska and PNG
Australia's Santos plans to prioritize growth in crude oil and LNG production across three regions, including Alaska and Papua New Guinea, amid market volatility.
Indonesia Probes Major Palm Oil Companies on Export Price Issues
Indonesia is investigating major palm oil companies for suspected export pricing abuses, adding uncertainty to the global vegetable oil market and potentially tightening supply.
Oil Rebounds as US Launches New Strikes on Iran
Oil prices rebounded after the US launched new military strikes on Iran, raising doubts about a potential deal to reopen the Strait of Hormuz.
ESAI's Emerson Sees More Upside Pressure on Energy Prices
ESAI Energy founder Sarah Emerson warns that energy prices face further upside pressure until physical oil supplies clear global chokepoints like the Strait of Hormuz and rebuild consumer inventories.
QatarEnergy Extends LNG Force Majeure Into August
QatarEnergy extends force majeure on LNG exports until mid-August after Iranian strikes damaged its facilities, tightening global supply.
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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.