Fuel & oil news
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Headlines
Consumer spending rises again — and now cheaper gas is on the way
Consumer spending rose again, signaling resilient demand, while expectations of cheaper gasoline ahead point to easing inflation pressures that could support fuel markets.
China Raises Fuel Export Allowances for July to Ease Supply Fears
China raises refined fuel export quotas for July to 800,000 metric tons, up from 600,000 in June, easing Asian supply concerns and potentially capping regional fuel prices.
ADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap Project
ADNOC has signed agreements with BP and TotalEnergies, granting each a 10% stake in the consortium developing Abu Dhabi's Bab Gas Cap project, one of the emirate's largest gas fields.
India's 7% Growth Target Hinges on $70 Oil, Central Bank Official Says
A senior Indian central bank official said the economy could return to 7% growth in FY2026-27 if oil prices stay near $70 per barrel, easing inflation and Middle East tensions.
UK Gilt Yields Hit 3-Month High as Oil Drop Boosts Bonds
UK gilt yields climbed to a three-month high as falling oil prices eased inflation concerns, boosting demand for bonds despite political uncertainty.
Iraq Warns It Might Quit OPEC If It Doesn’t Get Quota Hike
Iraq warned it might leave OPEC unless it gets a higher production quota, echoing the UAE's earlier exit to boost output, raising supply concerns for oil markets.
FTSE 100 Set to Fall as Brent Slides Below $73
London's FTSE 100 is set to open lower as Brent crude slides below $73 per barrel, weighing on energy stocks and dampening investor sentiment.
Natural Gas Prices Set to Ease as Qatar Restores LNG Output
Natural gas prices are expected to ease in Q3 2026 as Qatar restores LNG output after the Strait of Hormuz reopening, according to the Gas Exporting Countries Forum.
Palm Oil Posts Biggest Drop in a Month as Crude Erases War Gains
Palm oil futures tumbled the most in over a month, pressured by falling crude and soy oil prices and a stronger ringgit, signaling weaker demand for biodiesel feedstock.
Adnoc LNG Tanker Resumes Signal in Persian Gulf After US-Iran Deal
An Adnoc LNG tanker resumed broadcasting its location in the Persian Gulf, signaling increased transparency after the US-Iran interim peace deal reduced regional tensions.
Rosneft Proposes 30% Crude Refining in Russia to Ease Fuel Crunch
Rosneft has proposed that oil companies refine at least 30% of their crude in Russia to address domestic fuel shortages, a move that could reshape export flows and support global oil prices.
Trump Slams Oil Companies Over Gas Prices, Orders DOJ Probe
President Trump accused oil companies of price gouging as Brent crude fell to $73.50, the lowest since the Iran war began, and ordered the DOJ to investigate.
US and Qatar Warn EU of Gas Crunch Over Methane Rules
Top US and Qatari energy officials warn the EU that strict methane regulations could trigger a gas supply crunch and higher prices, as compliance remains unfeasible for LNG producers.
Japan LNG Stocks Poised to Gain on Middle East Supply Risk
Japanese LNG-related stocks are expected to benefit from rebuilding energy infrastructure in the Persian Gulf and diversifying supply away from the Middle East.
Global Battery Storage Boom Boosts Tesla's Utility-Scale Business
Tesla signed a multi-year deal with NatPower to supply over 25 GWh of battery storage systems in Europe, capitalizing on the continent's accelerating battery deployment for renewable energy integration.
Qualcomm Data Center Chips to Generate Billions by 2027
Qualcomm forecasts its data center chips will generate billions in revenue by 2027, drawing parallels to oil companies' grip on energy prices.
Bain Capital Nears Deal for Stake in Volkswagen’s Everllence Unit
Bain Capital is nearing a deal to acquire a controlling stake in Volkswagen’s heavy diesel engine unit Everllence, ending a competitive private equity auction.
Coffee Grounds to Biochar: New Method Unlocks Waste-to-Energy Potential
Researchers at KIGAM have developed a faster, cheaper method to produce biochar from coffee grounds, potentially diverting millions of tons of waste from landfills into a renewable energy source.
China Crude Imports Hit Lowest Level Since 2018
China's crude oil imports fell to their lowest level since 2018, signaling weaker demand from the world's top importer and adding downward pressure on oil prices.
Hidden inflation triggers beyond oil could push Fed to hike rates
Beyond oil prices, two lesser-known inflation drivers could push the Fed toward a rate hike, with the upcoming PCE report as a key test.
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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.