Fuel & oil news
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Headlines
Eni Explores FLNG Deal to Boost LNG Cash Flow
Eni has hired Morgan Stanley to explore a deal involving its floating LNG assets, potentially raising at least €1 billion from infrastructure investors like Apollo, KKR, and Stonepeak.
US to Release New Data on Hormuz Chokepoint and Global Oil Reserves
The US energy statistics agency will begin publishing new data on strategic petroleum reserves and flows through the Strait of Hormuz, a critical chokepoint for global oil shipments.
Kazakh CPC Oil Exports to Drop as Europe Faces Tight Supplies
Kazakhstan will cut crude exports from a key Russian Black Sea port next month, adding to supply tightness for European refineries already hit by Middle East disruptions.
US Power Grid PJM May Be Too Big to Function, Regulator Warns
FERC Chair Laura Swett warned that PJM Interconnection, the largest US power grid, may have become too large to function properly and requires urgent reform.
Venture Global Shares Surge on LNG Deals, Project Expansions
Venture Global shares surged after the LNG exporter announced two new supply deals and expansion plans for Louisiana projects, signaling strong demand for US liquefied natural gas.
Japan and Korea Boost Coal Imports as LNG Prices Surge
Japan and South Korea are ramping up coal-fired power generation and coal imports as LNG prices spike more than 60% since the war began and Middle East supply drops.
Global Supply Shock Reignites Oil Exploration Boom
A historic oil and gas supply crunch is driving governments and industry to prioritize exploration investment, signaling a potential surge in upstream activity.
Energy Supply Tops Agenda for Modi's UAE Visit
Indian Prime Minister Narendra Modi's visit to the UAE focuses on securing stable energy supplies amid rising geopolitical tensions in West Asia, potentially impacting global oil and gas markets.
Yardeni Sees Calm Markets Despite Surging Treasury Yields and Iran War
Veteran strategist Ed Yardeni says markets are taking the Treasury yield surge in stride, looking through inflation from the Iran war energy spike.
US Inflation Accelerates in April as Gasoline and Food Costs Rise
US CPI rose 3.8% year-over-year in April, the fastest since 2023, driven by higher gasoline and food prices, signaling persistent inflation that may delay Federal Reserve rate cuts.
India's Fuel Price Freeze Strains State Retailers as Losses Mount
India's state-owned fuel retailers are selling gasoline and diesel below market prices, incurring billions in losses as the government shields consumers from high international crude costs.
US and China dynamics keep oil market from crisis
Record US exports and slowing Chinese imports are balancing the oil market, preventing a price crisis despite global demand concerns.
Europe Chemicals Sector Gets Brief Reprieve as Asia Supply Tightens
Europe's chemicals sector sees a temporary competitive boost as Middle East supply disruptions tighten Asian feedstock markets, improving margins for European producers.
JPMorgan Strategist Warns Oil Inventories at Stress Levels, May Force Hormuz Reopening
JPMorgan's global market strategist warns that dwindling oil inventories are approaching operational stress levels, which could force the reopening of the Strait of Hormuz amid a standstill in traffic.
ADNOC Gas Aims for 80% Habshan Recovery by End-2026
ADNOC Gas expects to restore 80% of processing capacity at its Habshan complex by end-2026 after war damage, supporting UAE gas output and global LNG supply.
South Korea 10-Year Yield Tops 4% on Rate-Hike Bets From Oil Shock
South Korea's 10-year bond yield breached 4% for the first time since 2023 as oil price spikes from the Iran conflict fuel expectations of aggressive rate hikes by the Bank of Korea.
Qatar Asks Ships to Go Dark at LNG Port in New Safety Measure
Qatar has asked vessels at its main LNG export facility to disable transponders, a move that could disrupt shipping transparency and raise security concerns for global gas flows.
Mitsubishi Heavy Sees Global Gas Turbine Demand Staying Strong
Mitsubishi Heavy Industries forecasts global gas turbine orders will dip slightly in 2026 from 2025 levels but remain elevated, driven by data center expansion for AI and cloud computing.
China LNG Imports Rebound From Eight-Year Low
China's LNG imports have rebounded from an eight-year low in April, with the 30-day moving average hitting its highest since late February, signaling a recovery in demand.
Shipping industry faces bunker fuel shortage as Iran conflict tightens supply
The closure of the Strait of Hormuz due to the Iran war has choked off bunker fuel supply, threatening higher shipping costs and consumer 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.