Fuel & oil news
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Headlines
US Crude Oil Inventories Post Surprise Build of 3 Million Barrels
The EIA reported a surprise build of 3 million barrels in US crude inventories for the week ending July 3, defying expectations of a draw and signaling potential oversupply.
Occidental Upgraded by Evercore on Deleveraging, Cash Flow Upside
Evercore ISI upgraded Occidental Petroleum to Outperform from Underperform, citing deleveraging and lower costs that boost free cash flow and potential shareholder returns.
Energy Stocks Rise Pre-Bell as Oil Prices Hold Gains
Energy stocks advanced in pre-market trading Wednesday, supported by steady oil prices as the Energy Select Sector SPDR ETF gained.
Vitol Eyes Venezuela Expansion as Oil Industry Returns
Commodity trader Vitol plans to establish a presence in Venezuela as interest in the country's oil wealth surges following the US ousting of President Maduro.
Stocks Drop, Oil Jumps After Trump Says Iran Ceasefire Over
US equity futures slumped and oil prices extended gains after President Trump declared a tentative ceasefire with Iran is over, escalating geopolitical tensions in the Middle East.
63 Million Barrels of Crude Stuck at Sea as US Pulls Iran Sanction Waiver
The US cancellation of Iran's sanctions waiver has left 63 million barrels of crude stranded at sea, tightening global supply and boosting oil prices.
China Boosts Diesel and Gasoline Exports This Month
China has granted additional export permits for diesel, gasoline, and jet fuel this month, signaling a major policy shift that could pressure global refining margins.
German Bond Yields Top 3% as Oil Rally Stirs Inflation Worries
German benchmark bond yields climbed above 3% for the first time in nearly a month as rising oil prices, fueled by Middle East tensions, stoked inflation expectations and pressured fixed-income markets.
Euro Bears Return as Surging Oil Prices Test Currency Rebound
Traders are buying insurance against renewed euro weakness as surging crude oil prices threaten last week's rebound, highlighting the currency's sensitivity to energy costs.
Jefferies Raises EOG Resources Price Target to $175, Maintains Buy
Jefferies raised its price target on EOG Resources to $175 from $170, maintaining a Buy rating ahead of Q2 earnings, implying nearly 34% upside.
TD Cowen Cuts TotalEnergies Price Target, Keeps Buy Rating
TD Cowen lowered its price target on TotalEnergies (TTE) to $102 from $106 but maintained a Buy rating, citing a revised outlook for oil majors ahead of Q2 earnings.
Morgan Stanley Cuts Occidental Petroleum Target to $68, Sees 39% Upside
Morgan Stanley lowered its price target on Occidental Petroleum from $74 to $68, citing changes in global energy prices, but maintained an Equal Weight rating with over 39% upside potential.
Federal Signal Faces Oil Shock Test as Margin Expansion Story Wavers
Federal Signal's margin expansion narrative faces a critical test after Iran's missile attack on tankers near the Strait of Hormuz sent oil prices surging, raising fuel and borrowing costs for industrial firms.
Iran-US Tensions Push Oil Prices Higher as Traders Eye Supply Risks
Escalating Iran-US tensions are driving oil prices higher as markets reassess supply risks from the Strait of Hormuz and potential disruptions.
Ackman Backs Khodorkovsky Fuel Crisis Warning: Russia Refining Worse Than Drone Damage
Bill Ackman amplified exiled oligarch Mikhail Khodorkovsky's warning that Russia's fuel crisis stems from refining and logistics failures, not crude output, with government actions worsening shortages.
Gold Steadies After Fresh US Strikes in Iran Cloud Rate Outlook
Gold prices held steady as renewed US airstrikes on Iran raised concerns about higher energy prices and inflation, clouding the Federal Reserve's interest rate outlook.
Oil Prices Drop to Pre-War Levels as Hormuz Traffic Resumes
Oil prices have fallen back to pre-war levels as US and Iran negotiations progress and Strait of Hormuz exports recover, easing supply fears.
Iraq's Oil Ambitions Clash With OPEC+ Quotas as US Inventories Drop
Iraq's plan to boost oil output to 7 million bpd within three years challenges OPEC+ discipline, while falling US crude inventories signal tightening supply.
Exxon Sees $3.7 Billion Profit Surge From War-Driven Oil Rally
ExxonMobil reported a second-quarter profit surge of nearly $4 billion, driven by higher oil prices amid the Iran conflict, highlighting the war's impact on energy markets.
LDC Gas Forum Rockies & West 2026 Kicks Off in San Diego August 10-12
Over 250 natural gas industry decision-makers will gather in San Diego from August 10-12 for the 22nd annual LDC Gas Forum Rockies & West, focusing on market insights and transactions for natural gas and LNG in the U.S. Rockies and West regions.
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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.