Fuel & oil news
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Headlines
Australia Oil and Gas Exploration Set for Renaissance Amid Energy Crisis
Australian oil and gas companies are planning a major exploration push as the Iran war-driven energy crisis boosts activity and domestic fuel supply concerns persist.
US energy chief dismisses global warming as heat emergency grips America
The US energy secretary downplays global warming as a historic heat wave threatens record temperatures, raising concerns about energy demand and grid reliability.
Iran Supply Crunch Could Push Oil Below $40, Analyst Warns
A contrarian analyst warns that an Iran-induced supply crunch could trigger a recession and push oil below $40, challenging the consensus view of higher prices.
China's Energy Future Runs on Coal and Solar
China's latest five-year plan reveals continued heavy investment in both coal and renewable energy, highlighting a dual-track strategy that balances energy security with climate goals.
Brent Crude Benchmark Faces Identity Crisis as North Sea Output Fades
For the first time, no Brent crude cargoes are scheduled to load in August, signaling the benchmark's gradual disconnect from its namesake field as North Sea output declines.
ECB's Dolenc Sees No Urgency to Hike If Energy Markets Stay Calm
ECB Governing Council member Primoz Dolenc indicated that the central bank may hold rates steady at its next meeting if Middle East tensions do not disrupt energy markets, providing relief to oil and gas traders.
Russian Refinery Disruptions Ripple Across Central Asian Fuel Markets
Disruptions to Russian refineries from the Ukraine war are driving fuel price spikes across Central Asia, with governments seeking alternative supply sources.
Chip Stocks Rally as Oil Heads for Quarterly Drop
Chipmaker stocks lead a broad market rally as oil prices head for a quarterly decline, with the yen sinking to a four-decade low and sovereign wealth funds shifting into private credit.
Beaver Island Tests Freshwater Wave Energy as New Frontier
Beaver Island in Lake Michigan will host a pilot project for freshwater wave energy, aiming to provide reliable power to the remote community and advance the technology for global applications.
ECB's Rehn Warns Energy Shock Fuels Stagflation Risks
ECB's Olli Rehn warns that the Middle East conflict-driven energy shock is creating stagflationary pressures, complicating the central bank's policy path.
Shell Sees Global LNG Demand Rising 65% by 2050 on Asian Growth
Shell forecasts global LNG demand will surge 65% by 2050 from 2025 levels, driven by South and Southeast Asia, though the Strait of Hormuz crisis has stalled growth this year.
Oil Supply Recovery Slower Than Expected, CIBC Trader Says
CIBC Private Wealth's Rebecca Babin warns that oil supply recovery is overestimated, expecting prices to settle between $75 and $80 per barrel by year-end.
Asia Crude Imports Stay Well Below Pre-War Levels in June
Asia's crude oil imports in June are expected at 20.71 million bpd, far below the pre-war average of 26.79 million bpd, as constrained Middle Eastern flows and high prices persist.
German Inflation Eases as Oil Retreat Tames Prices in Europe
German inflation cooled more than expected in June, driven by falling global oil prices, signaling relief for energy markets across Europe.
Oil Heads for Biggest Quarterly Drop Since 2020 on Glut Fears
Oil prices are on track for the steepest quarterly decline since 2020 as Morgan Stanley warns of a potential glut, with Strait of Hormuz flows accelerating amid US-Iran peace talks.
India State Refiners Plan to Cut Middle East Oil Dependence
Indian state-owned refiners plan to cut Middle East oil reliance after the Iran war supply shock, turning to spot purchases and alternative sources to diversify crude imports.
Morgan Stanley cuts oil-price target as Strait of Hormuz reopens faster
Morgan Stanley lowered its oil price forecast, citing a faster-than-expected reopening of the Strait of Hormuz, which eases supply disruption fears.
Japan Nears Longest Postwar Growth Streak Amid Oil Price Pressure
Japan is on the verge of its longest postwar economic expansion, but higher oil prices from Iran tensions and BOJ rate normalization are squeezing households and fueling inflation concerns.
US Led Global CO2 Emissions Growth in 2025, New Report Says
A new report finds the United States accounted for about 30% of the global increase in CO2 emissions in 2025, driven by a 10% rise in coal power generation.
China Eases Fuel Export Curbs on Ample Supply, Boosting Refinery Margins
China has lifted some restrictions on oil-product exports in the past week, rolling back measures introduced to safeguard domestic supplies after the Middle East conflict began, which could pressure global fuel prices.
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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.