Fuel & oil news
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Headlines
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.
Norway Oil Output Beats Forecasts Again in May Despite Pullback
Norway's crude oil production exceeded official forecasts by 7.2% in May, reinforcing its role as a reliable European supplier despite a decline from April's highs.
Gas prices not falling fast enough for Trump – what drivers should watch
President Trump pressures DOJ over slow retail gas price declines, as seasonal and policy factors keep pump costs elevated for US drivers.
Sunrun Surges on Tesla Deal for AI Data Center Energy
Sunrun shares surged after announcing a partnership with Tesla to supply battery storage for AI data centers, highlighting growing energy demand from the tech sector.
ECB's Zigman Says Cheaper Oil Aids Price Stability Goal
ECB Governing Council member Ante Zigman said cheaper oil is helping the central bank's fight to keep inflation in check, reinforcing expectations for a steady policy path.
Stonepeak Raises $2.5B in Private Bonds for Louisiana LNG Terminal
Stonepeak has raised approximately $2.5 billion through private bond sales to refinance a loan tied to its investment in an LNG export terminal in Louisiana, signaling strong investor appetite for energy infrastructure debt.
Subzero Natural Gas Prices Highlight Urgent Need for Energy Permit Reform, Ovintiv CEO Says
A record streak of negative natural gas prices in the Permian Basin has prompted Ovintiv's CEO to call for streamlined permitting of pipelines and energy infrastructure to prevent waste and support production.
Gasoline Price Spike Adds to War’s Economic Toll for Russians
Russian gasoline prices surged again as Ukrainian strikes on refineries constrain supply, reinforcing the central bank's cautious stance on rate cuts amid new inflation risks.
Rosneft Proposes 30% Domestic Refining Requirement to Ease Russia Fuel Crunch
Rosneft CEO Igor Sechin proposes requiring oil firms to refine at least 30% of their crude domestically to ease Russia's fuel supply crisis, as reported by Kommersant.
US oil prices fall to pre-conflict levels as Hormuz flow improves
US oil prices have fallen to levels not seen since before the US-Israeli conflict with Iran began, driven by improved physical flows through the Strait of Hormuz despite persistent geopolitical risks.
Moscow Refinery May Stay Offline Until 2027 After Drone Strikes
The Moscow Oil Refinery is expected to remain offline until at least 2027 after drone strikes damaged a key processing unit, worsening Russia's fuel shortage.
UK Climate Panel Urges Faster Electrification to Cut Energy Bills
The UK's Climate Change Committee warns that slow electrification leaves households vulnerable to fossil fuel price shocks, urging faster adoption of heat pumps and EVs to lower energy bills.
Euro Hits One-Year Low as Oil Drop Fuels ECB Rate Cut Bets
The euro fell to a one-year low against the dollar as easing US-Iran tensions lowered oil prices, fueling expectations that the ECB will cut interest rates.
Goldman Sachs Slashes Q4 Crude Forecast to $80 on Iran Deal
Goldman Sachs cut its fourth-quarter crude oil price forecast to $80 per barrel, citing a surprise interim peace agreement between the US and Iran that boosts supply expectations.
Bessent Says Iran Talks Include Shifting Oil Invoicing to Dollars
US Treasury Secretary Scott Bessent said talks with Iran include shifting oil sales invoicing to dollars, a move that could tighten global oil supply and boost dollar demand.
China Says Iran Crisis Shows Nations Must Speed Up Energy Shift
China's climate envoy says the oil and gas shortages from the US-Iran conflict underscore the urgency for nations to accelerate their energy transition away from fossil fuels.
US Diesel Prices Drop Below $5, Easing Inflationary Pressure
US diesel prices fell below $5 per gallon for the first time since March, providing relief for the transport sector and easing broader inflationary pressures.
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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.