Fuel & oil news
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Headlines
Oil Prices Rebound as US-Iran Peace Talks Postponed
Oil prices rebounded in early Asian trade on Friday after Switzerland confirmed that peace talks between the US and Iran had been postponed, reigniting supply risk premiums.
South Korea Producer Prices Jump Most Since 2022 on Energy Costs
South Korea's producer prices rose at the fastest pace in nearly four years in May, driven by higher energy costs, signaling persistent inflationary pressures that could influence the Bank of Korea's policy stance.
Europe Enters Nuclear Golden Age as AI Boom Drives Power Demand
Europe is experiencing a nuclear power revival driven by surging electricity demand from AI and data centers, with Germany considering extending oil reserve relief despite falling prices.
First Oil Sands Project in 10 Years Starts Production in Alberta
International Petroleum Corp. has started commercial production at the Blackrod oil sands project in Alberta, the first new oil sands project since 2014, targeting 80,000 barrels per day.
Hawkish Central Banks Weigh on FTSE 100, Risk-On Mood Lifts Nikkei 225
Hawkish signals from major central banks pressured the FTSE 100, while a risk-on mood lifted the Nikkei 225, as oil prices retreated on Middle East de-escalation.
Mesa Royalty Trust Skips June 2026 Distribution on High Costs
Mesa Royalty Trust announced no distribution for June 2026 as costs exceeded revenue from oil and gas sales, highlighting margin pressure in mature basins.
Germany Considers Extending Oil Reserve Relief Despite Falling Prices
Germany is considering extending a temporary reduction in national oil stockpiling requirements beyond August 31, even as falling prices and easing geopolitical tensions reduce supply risks.
FERC Chair Warns US Electric Grid 'Not Going to Work' for Data Centers
FERC Chair Laura Swett warns that without interventionist action, US electric grids cannot handle surging data center power demand, threatening energy reliability.
OPEC Bets on India, Not Europe, to Drive Future Oil Demand
OPEC's World Oil Outlook 2026 forecasts oil demand rising to 113.3 million bpd by 2030, with India as the key driver, challenging peak-oil narratives.
Gulfport Energy vs Viper Energy: Producer or Royalty Collector
Gulfport Energy and Viper Energy represent two distinct energy investment strategies—production versus royalty collection—with diverging revenue growth and risk profiles.
Oil Prices Crash But Inventories Tell a Different Story
Brent crude fell below $77 a barrel after the US and Iran agreed to reopen the Strait of Hormuz, but inventory data suggests the selloff may be overdone.
SpaceX stock surges as traders pile in during wild week
SpaceX stock saw a sharp rally as retail and institutional traders piled in, reflecting heightened speculative interest in the private space company.
Return to $3 Gasoline? What It Will Take for US Drivers
Oil prices fell after a US-Iran deal to reopen the Strait of Hormuz, but analysts say US gasoline won't return to $3 until crude and gasoline stockpiles are replenished, likely not before end of 2026.
High Tanker Rates Disrupt Persian Gulf Oil Shipments to Asia
Chinese and Indian refiners struggle to secure supertankers for Persian Gulf crude as freight rates triple and war-risk guarantees remain uncertain, threatening supply flows to Asia.
India Pump Prices Stuck Despite Global Crude Crash
India's fuel prices remain elevated despite falling global crude oil prices, as retailers need time to pass on cheaper crude costs to consumers.
Iran Needs a Deal as Oil Crisis Turns Its Key Asset Into a Liability
Iran's oil export model, reliant on China and shadow logistics, faces disruption from the Strait of Hormuz crisis, making a nuclear deal more urgent despite sanctions.
JPMorgan Says European Stocks Cheap After Oil Slump
JPMorgan says European equities are attractively valued after the oil price slump, as easing Middle East tensions may boost investor appetite for the region.
Iran Nuclear Talks Stalled Over Fate of Enriched Uranium Stockpile
Negotiations over Iran's nuclear program remain deadlocked as the fate of its 440.9 kg stockpile of 60% enriched uranium poses a key obstacle, with implications for oil market stability in the Middle East.
Australia Renewable Energy Pipeline Surges 30% to Record 32.3 GW
Australia's pipeline of probable clean energy projects jumped by about 30% to a record 32.3 GW, driven by government tenders for nearly 10 GW of new capacity.
BOE Holds Rates at 3.75%, Cites Encouraging Oil Price Drop
The Bank of England held its key rate at 3.75%, noting the recent drop in oil prices as encouraging, though two policymakers dissented in favor of a hike.
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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.