Fuel & oil news
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Headlines
Gasoline Dips Below $4 Per Gallon by a Hair
US gasoline prices have slipped just under $4 per gallon, a psychological threshold that could influence consumer sentiment and fuel demand expectations.
Goldman Sachs Warns Strait of Hormuz Traffic May Never Fully Recover
Goldman Sachs warns that tanker traffic through the Strait of Hormuz may only recover to 70% of pre-war levels due to alternative routes, potentially reshaping global oil supply chains.
High Oil Prices Drive 34% Surge in European EV Sales
High oil and fuel prices drove a 34% year-on-year increase in European electric vehicle sales in May, supported by cheaper Chinese imports and rising demand for domestic models like Renault.
Saudi Aramco Eyes $7 Billion Sulfur Asset Sale as Demand Soars
Saudi Aramco is considering selling a stake in its sulfur business for up to $7 billion, capitalizing on surging demand and tight global supply after Middle East disruptions.
Czech Central Bank May Hike Rates for First Time Since 2022
The Czech central bank is considering its first rate hike since 2022 to combat domestic inflation, even as global energy price risks ease.
Enterprise Products Partners Raises Dividend as EBITDA Grows 10%
Enterprise Products Partners raised its quarterly dividend after reporting 10% adjusted EBITDA growth, driven by strong midstream operations and new capital projects.
IEA Sees Massive Oil Surplus in 2027 as Middle East Supply Returns
The International Energy Agency forecasts a significant oil surplus by 2027 as Middle Eastern producers ramp up output, potentially capping crude prices and reshaping energy markets.
Barings Sees High-Yield Opportunity as Fed Holds Steady on Rates
Barings portfolio manager Kelly Burton highlights strong institutional demand for high-yield credits yielding 6-8%, with elevated yields persisting despite Fed policy uncertainty and geopolitical risks.
Clean Energy Investment Hits $2.2 Trillion, Nearly Double Fossil Fuels
The IEA projects global clean energy spending will reach $2.2 trillion in 2026, nearly double fossil fuel investment, marking a historic shift in energy capital allocation.
Alaska Air Group Stock Could Be 19.8% Overvalued After Oil Relief and SAF Progress
Alaska Air Group stock has rallied on lower crude prices and sustainable aviation fuel progress, but analysis suggests it may be nearly 20% overvalued.
RBC Capital Highlights Natural Gas Exposure in Black Stone Minerals Coverage
RBC Capital initiated coverage of Black Stone Minerals with a Sector Perform rating and $16 price target, citing its 76% gas-weighted portfolio and discounted valuation amid weak natural gas fundamentals.
How Canada's Oil Sands Became the Lowest-Cost North American Producer
Canada's oil sands have transformed from high-cost assets to the lowest-cost North American producer, reshaping global supply dynamics and challenging US shale dominance.
Poll Shows Strong Majority of British Columbians Back LNG Projects
A new Nanos poll on behalf of Canada Action finds that 87% of British Columbians support efficient energy infrastructure, 81% back a natural gas export strategy, and 78% favor increasing LNG exports to Asia and Europe.
Energy Stocks Fall 0.8% as Crude Oil Prices Slide Wednesday
Energy stocks declined 0.8% Wednesday afternoon as crude oil prices slid, dragging the NYSE Energy Sector Index lower amid broad market weakness.
IEA Warns of Massive Oil Surplus in 2027 as Middle East Supply Returns
The IEA forecasts a 5 million bpd oil surplus in 2027 as Middle East supply rebounds, potentially reshaping global energy markets.
AI Boom Drives Surge in Geothermal Energy Investment
The surging electricity demand from artificial intelligence is accelerating investment in enhanced geothermal systems as a reliable 24/7 clean energy source.
Russian Gasoline Prices Surge as Ukraine Refinery Strikes Hit Supply
Russian gasoline prices surged as Ukrainian drone strikes on refineries disrupted supply, leading some filling stations to limit sales during peak summer driving season.
ExxonMobil to Supply LNG to South Africa's First Import Terminal
ExxonMobil signed a preliminary agreement to supply LNG to South Africa's first import terminal at Richards Bay, boosting the country's energy diversification efforts.
US Crude Oil Inventories Drop 8.3 Million Barrels, EIA Says
US crude oil inventories fell by 8.3 million barrels last week, now 6% below the five-year average, signaling tightening supply ahead of summer demand.
Iraq Prepares to Boost Oil Exports as Hormuz Reopening Nears
Iraq is finalizing a deal to reopen the Strait of Hormuz, aiming to boost oil exports from its southern ports, which could add supply to global markets and pressure prices.
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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.