Fuel & oil news
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Headlines
China Car Sales Plunge 21.5% as Gasoline Demand Weakens
China's car sales fell 21.5% in April to the lowest since 2022, driven by a 30% drop in gasoline vehicle sales amid higher fuel prices, signaling weaker oil demand.
Thai Oil Diversifies Crude Sources to Cut Mideast Reliance
Thai Oil Pcl, Thailand's largest refiner, is sourcing crude from Africa and the Americas to reduce Middle East dependence, potentially reshaping regional crude flows and refining margins.
Modi Urges Indians to Conserve Fuel as Oil Shock Spreads
Indian Prime Minister Narendra Modi urged citizens to work from home, reduce travel, and conserve fuel to save foreign exchange amid rising oil prices.
Asian Currencies Slide as Crude Jumps on Middle East Standoff
Emerging Asian currencies fell, led by the Korean won and Thai baht, as crude oil prices surged amid stalled Middle East peace talks, heightening risk aversion and inflationary pressure.
China Private Refiners Seek Approval to Cut Run Rates
China's private refiners have requested government approval to lower crude processing rates, reversing a prior mandate to maximize output for fuel security.
Oil Tankers Go Dark to Exit the Strait of Hormuz
Three supertankers carrying Iraqi and Emirati crude switched off transponders to exit the Strait of Hormuz undetected, highlighting ongoing regional risks for oil transit.
Oil Surges as Trump Rejects Iran's Offer
Oil prices surged after President Trump rejected Iran's latest diplomatic offer, prolonging the closure of the Strait of Hormuz and tightening global supply.
FTSE 100 Futures Rise on Oil Gains, Weaker Pound
FTSE 100 futures advanced as rising oil prices boosted energy stocks and a weaker pound supported export-oriented companies.
Saudi Aramco Warns of Prolonged Oil Supply Disruption
Saudi Aramco's CEO warned of a long oil supply disruption from a near-closure of the Strait of Hormuz, as the company reported a profit jump on higher prices and pipeline bypass capacity.
EM Stocks Near Record High on Tech Rally, Oil Gains
Emerging-market stocks rallied toward a record high, driven by AI-related tech gains and rising oil prices amid stalled US-Iran talks.
Modi Urges Indians to Cut Fuel Use Amid Iran War Oil Spike
Indian Prime Minister Modi calls on citizens to conserve fuel and avoid unnecessary travel as oil prices surge due to the Iran conflict, raising supply concerns for energy traders.
China April Auto Sales Drop as War Hits Demand for Gasoline Cars
China's April auto sales fell 21.5% as the Iran oil shock slashed gasoline vehicle deliveries, with EV demand insufficient to offset the decline, pressuring fuel demand outlook.
US stock futures fall, oil surges as Trump rejects Iran offer
US stock futures fell and oil prices surged after President Trump called Iran's latest offer to end the war 'totally unacceptable', escalating geopolitical risk.
Philippine Peso Weakness Persists Despite Rate Hike Bets on Energy Costs
The Philippine peso is expected to fall further as high energy import costs outweigh the impact of anticipated central bank rate hikes.
Oil Prices Rise as Trump Calls Iran Response Unacceptable
Oil prices rose after President Trump said Iran's response to a U.S. offer was totally unacceptable, raising geopolitical risk.
Oil Bets Worth $7 Billion Raise Insider Trading Fears
Over $7 billion in perfectly timed oil bets, spanning futures and prediction markets, have sparked insider trading fears as lawmakers and analysts suspect leaks ahead of major Iran-US developments.
Stock Rally Stalls as Hormuz Deadlock Lifts Oil
A stock market rally stalled as oil prices rose after US-Iran talks failed to resolve the Hormuz Strait impasse, reviving supply risk premiums.
Green Energy Stocks Gain Momentum as Earth Day Nears
Green energy stocks are rising as Earth Day approaches, reflecting growing investor interest in renewable energy and sustainability.
Oil Market Burns Through Safety Cushion as Supply Shock Deepens
Global oil inventories are falling at a record pace as the Middle East conflict drains strategic reserves and disrupts supply, with analysts warning the safety cushion is finite.
Oil Market Depletes Safety Cushion as Supply Shock Intensifies
The oil market is rapidly using up its spare capacity buffer as a supply shock tightens global availability, raising volatility risks.
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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.