Fuel & oil news
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Headlines
Energy Stocks Rise Late Tuesday as NYSE Energy Index Gains 0.3%
Energy stocks edged higher late Tuesday, with the NYSE Energy Sector Index rising 0.3%, reflecting cautious optimism in the sector amid mixed commodity prices.
API Chief: Strategic Petroleum Reserve Needs Upgrade, Not Political Use
API President Mike Sommers says the Strategic Petroleum Reserve is in desperate need of upgrading and should not be used for political purposes, urging a focus on energy security.
China Eyes $2 Billion Uzbek Mining Bet as Central Asia Courtship Accelerates
China is reportedly considering a $2 billion investment in Uzbek mining, deepening its economic ties in Central Asia amid growing competition with Russia and the West.
Tanker Rates Surge as Hormuz Crisis Drives Record Earnings
Tanker rates in the Gulf have nearly doubled in a week as Middle Eastern producers rush to move stranded crude, pushing daily earnings for VLCCs above $190,000.
Europe's Top Gas Distributor to Invest $14.8 Billion in AI-Backed Networks
Europe's largest gas distributor plans to invest $14.8 billion in AI-enhanced network infrastructure, aiming to optimize energy distribution and reduce operational costs.
Saudi Arabia Chooses China as Future Superpower Partner Over US
Saudi Arabia has shifted its strategic alignment towards China as its primary superpower partner, moving away from the US after the 2014-2016 oil price war and subsequent geopolitical realignments.
Pemex and Petrobras Team Up on Oil and Refining Projects
Mexico's Pemex and Brazil's Petrobras have agreed to collaborate on oil exploration, production, and refining, signaling deeper cooperation between Latin America's two largest state-owned energy companies.
EG Group Files for $1 Billion US IPO, Fuel Retail Giant Expands
EG Group, a major gas station and convenience store operator, has confidentially filed for a US IPO targeting about $1 billion, signaling expansion in fuel retail.
Treasuries Gain as Stock Selloff, Oil Drop Curb Rate-Hike Bets
Treasuries rose as a selloff in US stocks and falling oil prices reduced expectations for Federal Reserve interest-rate hikes over the next year.
Traders Question How Much Iranian Oil Can Really Return to Market
Despite US-Iran talks and a 60-day sanctions waiver easing supply fears, traders remain cautious on how much Iranian oil can realistically return to the global market.
Oil Tankers Exit Dark Mode as Strait of Hormuz Reopens Tentatively
A growing number of oil tankers are broadcasting positions to pass through the Strait of Hormuz, signaling a tentative recovery in traffic after a US-Iran peace deal memorandum.
Russia Gasoline Crunch Spreads After Refinery Drone Attacks
At least two-thirds of Russia's regions face fuel rationing or supply disruptions after Ukrainian drone strikes on refineries, worsening the gasoline crunch.
North Sea Crude Weakens as Mideast Oil Floods Back to Market
North Sea crude benchmarks weaken as a wave of Middle Eastern oil heads to Europe after the Strait of Hormuz reopening, raising supply glut concerns for fuel traders.
Carnival stock jumps 24% in a month as fuel costs drop
Carnival shares surged 24% in the past month, supported by record bookings and falling fuel prices, which directly lower operating costs for cruise operators.
Zerodha's Kamath Bets on Energy Transition Stocks in India
Nikhil Kamath, co-founder of Zerodha, highlights energy transition as a key investment theme in India, citing opportunities across the value chain amid US-Iran tensions.
Kanin Energy to Build 7 MW Waste Heat Power Plant at Colorado Gas Site
Kanin Energy plans a 7 MW waste heat to power facility at Phillips 66's Mewbourn gas complex in Colorado, cutting emissions and power costs.
India's US LPG Imports Set to Hit Record High in June
India is set to import a record 1.1-1.2 million tons of US LPG in June, nearly double May's volume, as it replaces constrained Middle East supply despite higher prices.
ECB Official Warns Oil Price Spillover Threatens Eurozone Economy
ECB Governing Council member Jose Luis Escrivá warns that rising oil prices are beginning to spill over into other sectors of the eurozone economy, signaling broader inflationary pressure.
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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.