Fuel & oil news
Headlines summarized in your language. Refreshed every 30 minutes.
Headlines
AI Data Centers Consume Equivalent of 500 Barrels of Oil per Bitcoin
AI data centers now consume massive amounts of energy, with Bitcoin mining using up to 500 barrels of oil equivalent per coin, raising concerns about energy demand and oil market implications.
Murphy Oil Makes Oil Discovery at Bubale-1X Offshore Côte d'Ivoire
Murphy Oil announced an oil discovery at the Bubale-1X well offshore Côte d'Ivoire, with 100 feet of net oil pay across two reservoirs, boosting the region's exploration potential.
Greece Energy Sector Attracts $26B as Europe Replaces Russian Gas
Greece's energy sector has drawn over $26 billion in investments from global funds as Europe accelerates efforts to replace Russian gas by 2027, positioning the country as a key transit hub.
Race to Revive Venezuela's Oil Wealth Gains Momentum as Output Rises
Venezuela's oil production and exports are rising after the capture of Nicolas Maduro, with the US pressing for increased output and investment in the country's vast reserves.
Centrica CEO Eyes US for More LNG Deals and Trading Expansion
Centrica plans to increase US LNG purchases, betting on the fuel's long-term role in global energy despite geopolitical pressures to diversify supply sources.
Gasoline Prices Drop but Pre-War Levels Still Distant
Gasoline prices are falling from crisis highs after the U.S.-Iran agreement, but remain well above pre-war levels as market fundamentals adjust.
China Builds New LNG Hub as Russian Imports Surge
China is preparing a second terminal to receive sanctioned Russian LNG from the Arctic LNG 2 project, with the Longkou terminal expected to be fully operational before October 2026.
Iran's Oil Exports Through Hormuz Hit Wartime High
Iran has ramped up oil exports through the Strait of Hormuz to a wartime high after the US lifted its naval blockade, with three supertankers carrying 6 million barrels already in transit.
Industry veteran warns Trump jawboning masks oil-supply disaster, $135 crude possible
An industry veteran warns that President Trump's jawboning has masked a looming global oil-supply disaster, with crude prices potentially surging to $135 per barrel.
Pound Falls as Starmer Resigns; Iran Cites Progress in US Talks
The pound weakened against major currencies after UK PM Starmer announced his resignation, while oil prices dipped as Iran cited major progress in peace talks with the US.
Airlines to Benefit From Lower Fuel Costs, But Ticket Cuts May Lag
Airlines are poised to benefit from lower fuel costs after the US-Iran peace deal drove oil prices down, but constrained capacity may keep ticket prices elevated.
China Unveils New Rules to Boost Clean Energy Consumption
China introduced new mandates requiring increased use of renewables, shifting focus from building generation to ensuring clean energy is consumed, which could reshape global fuel demand.
Analysts Warn China Oil Demand May Never Fully Recover
Analysts warn that China's crude oil imports may stay permanently depressed due to transport electrification, with electric vehicle adoption reducing long-term fuel demand.
Dollar Rises as Fed Rate Hike Bets Firm, Pressuring Oil
The dollar strengthened as traders brought forward expectations for a Federal Reserve rate hike as soon as September, adding downward pressure on oil prices despite progress in US-Iran nuclear talks.
European Gas Edges Higher After Rocky Start to Iran Peace Talks
European natural gas prices rose as US-Iran peace talks got off to a rocky start, with President Trump issuing fresh threats, raising supply risk concerns.
Mike Henry on BHP exit, copper demand and AI-driven energy transition
Outgoing BHP CEO Mike Henry discusses the strategic importance of copper, the impact of AI on energy demand, and why the miner abandoned its pursuit of Anglo American.
Raymond James Cuts Mach Natural Resources Price Target on Oil Drop
Raymond James lowered its price target on Mach Natural Resources (MNR) to $18 from $20, citing the sharp decline in oil prices, while maintaining a Strong Buy rating.
Qatar Gas Plant Blast at Ras Laffan Injures Dozens, 18 Missing
A blast at Qatar's Ras Laffan gas complex during startup has injured dozens and left 18 missing, raising supply concerns for global LNG markets.
UK energy crisis drives manufacturing offshore, trade body warns
A UK trade body warns of deindustrialization unless the government expands relief for manufacturers hit by soaring energy costs from carbon levies and Middle East tensions.
EQT Stock: Why This Natural Gas Company Still Has Appeal
EQT shares have underperformed the hot energy sector this year, but the natural gas company still offers compelling traits for investors.
Page 21 of 26
About this page
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.