Fuel & oil news
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Headlines
India May Cut Russian Oil Imports If US Waiver Expires
Indian refiners may be forced to cut Russian crude imports if the US sanctions waiver expires this weekend, adding supply uncertainty to global oil markets.
IEA Warns Oil Inventories Falling at Record Pace Amid Middle East Conflict
The International Energy Agency reports global oil inventories are falling at a record pace and will continue to drop for months as the Middle East conflict disrupts supply through the Strait of Hormuz.
Europe Gas Lobby Urges EU to Ease Storage Refill Targets
European gas industry groups are urging Brussels to relax storage refill targets as Middle East conflict tightens LNG supply and raises costs.
Trump Repeats War Threats Against Iran Ahead of Xi Meeting
US President Donald Trump has renewed military threats against Iran ahead of a meeting with Chinese President Xi Jinping, raising risks for global oil supply as China is Iran's top crude buyer.
Europe's LNG Dependence on US Set to Hit 80% in Two Years, IEEFA Warns
Europe's LNG imports from the US could rise to 80% of total within two years, raising supply security concerns as reliance on a single source deepens.
India FX Reserves Seen Robust to Defend Rupee Against Oil Shock
India's foreign-exchange reserves are deemed sufficient to shield the rupee from oil price spikes driven by Iran tensions, with buffers above taper tantrum stress levels, economists say.
Japanese Funds Dump Most US Debt Since 2022 as Fed Wagers Flip
Japanese investors sold the most US sovereign bonds in nearly four years as surging oil prices triggered a sharp reversal in Federal Reserve policy expectations, raising risks for energy-importing nations and fuel demand.
Iran-Linked LPG Tanker Crosses US Navy Blockade Line
An LPG tanker linked to Iran has sailed past the US Navy's blockade line, raising tensions in the Persian Gulf and threatening fuel supply routes.
Trump-Xi Beijing summit in focus as oil supply risks mount
The Trump-Xi summit in Beijing unfolds amid the Iran war, elevated oil prices, and a Strait of Hormuz blockade, heightening supply risks for global energy markets.
Middle East Undiscovered Gems to Watch in May 2026
Amid geopolitical tensions and volatile oil prices, Middle Eastern markets have retreated, but resilient stocks with strong fundamentals offer opportunities for discerning investors in May 2026.
China’s Eve Energy Signs Battery Deal With India’s Godawari
China’s Eve Energy will supply large-scale batteries to India’s Godawari New Energy, as India’s renewable expansion boosts energy storage demand.
Canada Economy Caught Between Oil Windfalls and Trade War Risks
A Bank of Canada survey flags geopolitical and trade tensions as top risks, with oil windfalls offering a buffer but Trump tariffs and Middle East war uncertainty clouding the outlook.
Geothermal Developer Fervo Raises $1.89 Billion in US IPO
Fervo Energy raised $1.89 billion in a US IPO priced above the marketed range, signaling strong investor appetite for next-generation geothermal power.
Australian Treasurer Warns Macro Outlook Much More Uncertain
Australian Treasurer Jim Chalmers said the macroeconomic outlook is much more uncertain, with elevated oil prices and slowing global growth, in his budget speech.
Asian Stocks Slide as US Inflation Rises on Energy Disruptions
Asian stocks are set to open lower after Wall Street losses, as US inflation data revealed the impact of energy disruptions linked to the Iran conflict, strengthening the dollar and pressuring bonds.
5 Oilfield Services Stocks Built for a Post-Hormuz World
With the Strait of Hormuz blockade entering its tenth week and Brent near $107, oilfield services stocks are positioned to benefit from sustained high prices and supply disruption.
China Manufacturing Hub Faces Energy Stress as Iran War Disrupts Fuel
China's key manufacturing hub faces an energy stress test as the Iran war disrupts fuel shipments, threatening industrial output and adding to global supply chain concerns.
S&P 500 and Nasdaq Fall as Oil Jumps on Supply Concerns
U.S. equities fell on Tuesday as a surge in oil prices, driven by supply concerns, weighed on investor sentiment and raised inflation fears.
US LNG Pioneer Charif Souki Says He Will Never Go Public Again
Charif Souki, a key figure in the US LNG export boom, says his next venture will stay private after taking two previous companies public, signaling a shift in capital strategy for the sector.
Russia Sees 2026 Oil Output Flat as Kyiv Steps Up Drone Strikes
Russia expects oil output to stay flat in 2026 and grow modestly thereafter, as Ukrainian drone strikes increasingly target its energy infrastructure, adding supply uncertainty for global crude markets.
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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.