Fuel & oil news
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Headlines
Senator Armstrong: Permitting Reform Key to Lower Energy Costs
Senator Alan Armstrong argues that permitting reform, not federal spending, is the most effective way to lower housing and energy costs by addressing regulatory delays that create infrastructure bottlenecks.
Goldman Sachs Sees US Inflation Easing by 2027 as AI, Energy Effects Fade
Goldman Sachs forecasts core PCE inflation to reach 3.2% by end-2026 before easing to 2.2% in 2027 as AI pricing distortions and energy pressures subside.
AI Energy Crunch Drives Investor Hunt for Next IPO Winners
The AI boom's surging electricity demand is driving investor interest in energy startups and IPOs, with billions flowing into unproven technologies.
Strait of Hormuz Traffic Plunges as Safety Fears Persist After Ship Strikes
Daily ship movements through the Strait of Hormuz have fallen from over 140 in February to around 30-40 after recent attacks, raising supply risks for global oil markets.
APA Corporation Upgraded to Buy at Roth Capital on Crude Outlook
Roth Capital upgraded APA Corporation to Buy, raising its price target to $38, citing a near-term bottom in global crude prices that could boost the independent energy producer's outlook.
Xcel Energy Price Target Raised to $89 by Morgan Stanley on Utility Outlook
Morgan Stanley raised its price target on Xcel Energy to $89 from $87, reaffirming an Equal Weight rating, signaling a nearly 9% upside from current levels.
USMCA Trade Deal Faces Renegotiation Challenges Across North America
The USMCA trade deal faces renegotiation challenges as cross-border auto, agriculture, and energy integration test the viability of North America's economic partnership.
Sonangol Secures $2.65B Debt Deal as Angola Oil Giant Faces Funding Needs
Angola's state oil company Sonangol secured a $2.65 billion financing deal from a consortium of international banks to fund operations and capital investments, highlighting the company's reliance on external debt amid low oil prices.
Robinson Energy Lists on TSX Venture Exchange, CEO Rings Closing Bell
Robinson Energy Limited celebrated its new listing on the TSX Venture Exchange by ringing the closing bell, marking a milestone for the Papua New Guinea-focused gas company.
CATL Bets Big on Sodium Batteries as Lithium Volatility Persists
CATL, the world's largest battery maker, is shifting focus from EVs to energy storage and betting on sodium-ion technology to reduce reliance on volatile lithium supply chains.
Exxon Gas Trading Head Departs for Expand Energy
Exxon Mobil's head of US gas and power trading is leaving to join Expand Energy, marking another senior departure from the supermajor's trading unit amid efforts to expand the business.
Trump Accuses Iran of Violating Ceasefire With Hormuz Drone Attack
President Trump accused Iran of violating the ceasefire by firing on cargo ships in the Strait of Hormuz, raising risks for global oil flows through the key chokepoint.
Global Stocks Slide as Tech Jitters Return, OpenAI IPO Delayed
Global stocks ended the week lower as tech jitters resurface, with OpenAI reportedly delaying its IPO into next year, adding to uncertainty in energy markets.
Oil Tanker Earnings Plunge $200,000 as More Ships Return to Hormuz
Oil tanker earnings plunged by $200,000 as more vessels are willing to transit the Strait of Hormuz, easing fears of supply disruption and capping a volatile week for crude carrier rates.
Russia's Fuel Crisis Drives It to Seek Gasoline From Kazakhstan
Russia is seeking to buy 50,000 tons of gasoline from Kazakhstan amid a severe fuel shortage caused by Ukrainian drone strikes on refineries, but Astana is hesitant due to potential export consequences.
Euro Zone Inflation Likely Slowed in June as Energy Costs Ease
Euro zone inflation is expected to have slowed in June for the first time since the Iran war began, driven by easing energy costs, which could reduce pressure on the ECB to keep raising rates.
US Consumer Sentiment Rises But Stays Near Record Low
US consumer sentiment rose in June as lower gasoline prices provided relief, but the index remains near its record low amid persistent inflation concerns.
Iraq Floats OPEC Exit as Baghdad Hosts EU Energy Talks
Iraq warns it could leave OPEC unless granted a higher production quota, as European officials prepare to visit Baghdad for energy cooperation talks.
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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.