Fuel & oil news
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Headlines
Bond Traders Burned by Fed Pivot Eye Price Data and Oil
Bond traders, caught off guard by the Fed's hawkish pivot, now focus on upcoming PCE data and oil prices to gauge whether rate expectations are justified.
Bloomberg This Weekend: Key Energy and Market Insights
Bloomberg's weekend show features expert discussions on energy markets, including insights from Dan Dicker of The Energy Word, amid global supply concerns.
Equinor Invests $390M to Expand Troll Field as Europe Seeks More Gas
Equinor and partners invest over $390 million to expand the Troll field, unlocking 11 billion cubic meters of gas to bolster Europe's energy security.
Oil Stockpiles Near Danger Zone, Warns Analyst Dan Dicker
Analyst Dan Dicker warns that global oil stockpiles are critically low due to supply disruptions, and if inventories continue to fall, crude prices could surge to $135 a barrel.
Jamie Dimon warns of 'little tsunami' for economy despite stock market rally
JPMorgan CEO Jamie Dimon warns of a 'little tsunami' heading for the economy, even as the S&P 500 and Nasdaq rally on AI optimism and resilient markets.
Russia Fuel Shortages Worsen After Ukraine Drone Strikes on Refineries
Over 50 Russian regions face severe fuel shortages as Ukrainian drone strikes and sanctions cut refining capacity by 20-30%, threatening domestic supply and global diesel markets.
ExxonMobil to Build South Africa's First LNG Import Terminal at Richards Bay
ExxonMobil has signed an agreement to develop South Africa's first LNG import terminal at the Port of Richards Bay, aiming to supply natural gas to the country's power and industrial sectors.
PBF Energy Price Target Raised to $38 by Morgan Stanley
Morgan Stanley raised its price target on PBF Energy to $38, maintaining an Underweight rating, as refining margins remain high despite a pullback from mid-May peaks.
Cactus (WHD) Gets Price Target Hike from Stifel on Strong Q2 Outlook
Stifel raised its price target on Cactus (WHD) to $68, citing strong Q2 guidance and confidence in pressure control and spoolable technologies segments.
Stifel Raises Patterson-UTI Energy Target on Stronger Q2 Guidance
Stifel raised its price target on Patterson-UTI Energy to $15 from $14, citing improved Q2 EBITDA guidance and maintaining a Buy rating with over 45% upside potential.
Wells Fargo Raises Marathon Petroleum Price Target to $344, Sees 43% Upside
Wells Fargo raised Marathon Petroleum's price target to $344, implying a 43% upside, citing strong refining margins and downstream operations.
Northland Raises Solaris Energy Infrastructure (SEI) Target to $104
Northland Capital Markets raised its price target on Solaris Energy Infrastructure (SEI) to $104 from $86, reiterating an Outperform rating and implying 28% upside.
G7 Forms Critical Minerals Alliance to Challenge China's Dominance
G7 leaders at the Evian summit announced a strategic alliance on critical minerals to reduce dependence on China, which dominates global processing of rare earths and metals essential for defense and clean energy.
Energy Security, Not Climate Goals, Now Drives Clean Power Boom
The global energy crisis has accelerated clean energy adoption as nations prioritize energy security over climate goals, potentially reshaping the energy landscape permanently.
Iraq Keeps Syria Oil Route Even After Hormuz Reopens
Iraq plans to keep exporting crude and naphtha via Syria's Baniyas port even after the Strait of Hormuz reopens, reducing its reliance on the chokepoint.
Small Modular Reactors Emerge as National Security Priority
Energy security is now a core pillar of US national security, with small modular reactors gaining attention as a strategic asset amid global competition with China.
IEA Cuts 2026 Oil Demand Outlook Amid Gulf Disruptions, Sees Recovery in 2027
The IEA slashed its 2026 global oil demand forecast to a 1.1 million bpd contraction, citing Gulf supply disruptions, but expects a recovery to 2 million bpd growth in 2027.
US States Push Back Against Data Center Expansion Over Energy Concerns
Several U.S. states are halting or banning data center development as rising electricity demand from tech expansion drives consumer concerns over utility bills and grid reliability.
Jim Cramer Calls SLB the Best Oil Service Stock
Jim Cramer highlighted SLB (Schlumberger) as the top oil service stock, citing its growing digital business despite Middle East peace pressures on crude.
Enbridge Completes Note Exchange to Consolidate Debt at Parent Level
Enbridge Inc. completed a note exchange with its subsidiary Enbridge Pipelines, consolidating debt at the parent level to improve operational flexibility.
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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.