Fuel & oil news
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Headlines
ECB's Lane: No Pre-Set Rate Path Despite Energy Price Risks
ECB Chief Economist Philip Lane said policymakers won't be boxed into a particular rate path, as second-round effects from higher energy prices may take time to materialize.
French Inflation Unexpectedly Falls Back to ECB's 2% Target
French inflation unexpectedly slowed to the ECB's 2% target for the first time since the Iran war, driven by lower energy costs, reducing pressure for further rate hikes.
Thailand Eyes US LNG Investments to Boost Energy Security
Thailand is considering investments in US LNG export projects to strengthen its energy security, reflecting growing Asian demand for American gas.
Trump Pressures Gas Stations to Cut Prices Immediately
President Trump publicly scolded fuel retailers for not cutting pump prices despite crude oil at $68, warning of legal consequences if they fail to comply.
China Factory Activity Beats Forecasts as Exports Surge
China's official manufacturing PMI rose to 50.3 in June, beating forecasts, as booming exports boosted factory activity and signaled sustained energy demand.
Growing Oil Glut Spurs Asian Refiners to Offer Cargoes to the US
A surge in Persian Gulf oil output after the Strait of Hormuz reopening is creating a glut, pushing Asian refiners to divert cargoes to the US market.
Hormuz Tanker Traffic Rises as Supertankers Enter Persian Gulf
Traffic through the Strait of Hormuz has risen for the first time since Iran's recent attacks, with supertankers returning to the Persian Gulf, signaling a potential easing of supply disruption fears.
Questerre Preferred Shares Start Trading on Euronext Growth Oslo
Questerre Energy Corporation's Series 2 Preferred Shares, tracking the company's Quebec oil and gas assets, began trading on Euronext Growth Oslo under ticker QGAS after a 10:1 share consolidation.
Indonesia Biofuel Mandate Strains Producers and Tightens Palm Oil Supply
Indonesia's push for a higher palm-oil blend in biodiesel is straining domestic producers and diverting supply from export markets, tightening global palm oil availability.
Pakistan Buys Emergency LNG Cargo as Qatar Exports Disrupted
Pakistan secured an emergency LNG cargo for prompt delivery as tensions in the Strait of Hormuz disrupt Qatari exports, highlighting supply risks for Asian buyers.
Stockpile Buying Could Drive the Next Oil Rally
Global stockpile buying, driven by supply losses from Middle East conflict and reserve replenishment needs, could fuel the next oil rally.
Hormuz Crisis Accelerates Southeast Asia Solar Boom
The Strait of Hormuz crisis has accelerated clean energy adoption in Southeast Asia, with solar capacity surging as governments seek to reduce oil dependence.
Heat Wave Drives Up Energy Demand, Cooling Costs Expected to Surge
A dangerous heat wave across the US is expected to spike electricity demand for cooling, driving up natural gas and power prices and raising household energy bills.
China's Coal Habit Outpacing Its Clean Energy Boom
China's coal consumption continues to grow faster than its renewable energy expansion, raising concerns about global carbon emissions and energy transition pace.
Russia Adds New Vessel to Dark Fleet as Arctic LNG 2 Output Rises
Russia has added a newly flagged LNG tanker to its dark fleet, picking up a cargo from the US-sanctioned Arctic LNG 2 project as output ramps up.
JPMorgan Struggles to Place 15% Loan for Trump-Backed Oil Driller
JPMorgan Chase is struggling to attract investors for a $775 million loan to a Trump-backed oil driller offering a 15% interest rate, signaling tight credit conditions in the energy sector.
Energy Stocks Edge Higher Monday Afternoon, NYSE Energy Index Up 0.2%
Energy stocks edged higher Monday afternoon, with the NYSE Energy Sector Index rising 0.2%, as traders weighed sector-specific drivers amid broader market gains.
Libya Oil Output Hits 13-Year High, Nears 1.5 Million bpd Target
Libya's oil output has reached its highest level in 13 years at 1.487 million bpd, nearing the NOC's short-term target and signaling potential for further gains amid OPEC's bullish long-term demand outlook.
Wall Street Cuts Long-Term Oil Forecasts on Weak Demand
JPMorgan, Citi and other major banks are lowering long-term oil price forecasts as weakening global demand outweighs geopolitical risks in the Middle East.
Philippines Becomes World's Top Solar Panel Buyer Amid Energy Crisis
The Philippines has become the world's top buyer of solar panels, spending over $407 million from March to May, as high electricity prices and fossil fuel shortages drive a rooftop solar boom.
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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.