Fuel & oil news
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Headlines
Big Oil Heads for Record Profits as Trump Turns Up the Heat on Gas Prices
ExxonMobil and Chevron are expected to report tripled profits in Q2 2026 as the Strait of Hormuz closure drives crude prices to four-year highs, while Trump's pressure on gas prices adds political heat.
Alvopetro Reports June Sales Volumes of 2,990 boepd, Q2 Average 3,067 boepd
Alvopetro Energy reported June sales volumes of 2,990 boepd, with Q2 2026 averaging 3,067 boepd, and provided an operational update including a planned divestiture of its Brazilian oil fields.
Rivian Offers 75 Million Shares to Meet US Energy Loan Terms
Rivian Automotive is selling 75 million shares to fund equity contributions tied to a US Department of Energy loan, signaling capital needs amid EV market challenges.
Shell and ExxonMobil Bet Billions on Nigeria Deepwater Comeback
Shell and ExxonMobil are investing billions in Nigeria's deepwater projects as the country aims to revive oil production and become Africa's energy hub, with the Dangote Refinery preparing a landmark IPO.
Wall Street rises as Q2 earnings optimism outweighs oil price concerns
Wall Street climbed on Monday as investors focused on the upcoming Q2 earnings season, with optimism about solid results outweighing concerns over higher oil prices and inflation.
North America Drove Nearly Half of Global Emissions Growth in 2025
The 2026 Statistical Review of World Energy shows North America accounted for nearly half of global CO2 emissions growth in 2025, highlighting the region's outsized role in climate change.
US-Iran Deal Stability Could Reshape Oil Markets and Inflation Outlook
Oil prices have fallen to pre-Iran war levels as markets price in a potential US-Iran deal, which could lower energy costs and ease inflation while boosting fertilizer and metals supplies.
Iran War Strengthens Case for Renewables and Storage
The end of the Iran war is expected to boost oil supply as Iran reenters the global market, reinforcing the long-term investment case for renewables and energy storage.
WTI Crude Nears 4-Month Low as Supply Normalizes
WTI crude oil prices edged lower, hovering near a four-month low, as supply disruptions ease and production returns to normal levels.
UAE Oil Production Hits 6-Year High After OPEC Exit
UAE crude output rose above 3.8 million bpd in June, the highest in over six years, as Abu Dhabi ramps up exports following its exit from OPEC and OPEC+ in May.
Russia's Oil Windfall Vanishes as Urals Crashes to $42 a Barrel
Russia's flagship Urals crude averaged $41.66 a barrel in early July, erasing the revenue boost from the Middle East conflict and pressuring a budget that assumes $59 oil.
Carbon Markets Just Had Their Most Important Moment in Years
A technical announcement from Hess Corporation signals a turning point for carbon credits, as credibility concerns give way to renewed institutional interest and clearer regulatory frameworks.
UK's $667 Billion Net-Zero Bill Risks Competitiveness, Industry Warns
A trade association warns that the UK's $667 billion net-zero plan, heavily front-loaded, could hurt businesses and bill payers, making the country uncompetitive.
Trans Mountain 3.0 Revives Indigenous Pipeline Ownership Push
Canada’s Trans Mountain Corp. plans to build a 1 million bpd pipeline along its existing route, rekindling Indigenous interest in acquiring a stake in the company.
Germany Sweetens Gas Plant Auction Terms to Lure More Bids
Germany raises the maximum payment in gas plant auctions to secure more backup power capacity, signaling urgency in its energy transition and boosting demand outlook for natural gas.
Bank of Canada Surveys Show War Lifts Inflation Expectations, Oil Investment
Bank of Canada surveys reveal that the Iran conflict boosted inflation expectations and spurred oil producers to raise investment and production plans, signaling sustained price pressures.
India Power Demand to Grow 6% Annually Through 2030
India's power demand is forecast to rise 6% annually through 2030, driven by renewable capacity additions of 45-50 GW per year, supporting energy transition goals.
Ontario, Alberta Pitch Cross-Canada Oil Pipeline to Cut US Dependence
Alberta and Ontario propose a cross-Canada crude oil pipeline and energy corridor to reduce reliance on US infrastructure, potentially reshaping North American crude flows.
Oil Glut Fears Overblown, Top Consultancy Says
FGE NexantECA says up to 75% of pre-conflict oil flows through the Strait of Hormuz could return by year-end, but warns that lower prices in 2027 are not guaranteed due to persistent U.S.-Iran tensions.
Energy Stocks Fall Premarket as Oil Prices Weaken
Energy stocks declined in premarket trading Monday as oil prices softened, with the Energy Select Sector SPDR ETF falling amid broader market caution.
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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.