Fuel & oil news
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Headlines
Asia Slows Middle East Oil Buying After Three-Week Spree
Asian refiners have pulled back from Middle Eastern crude purchases after a three-week buying spree, with oil majors and traders absorbing surplus barrels.
Qatar Expects LNG Output Normal Within Weeks, FT Reports
Qatar plans to restore normal LNG output from undamaged parts of its facility within weeks, easing supply concerns in the global gas market.
Trump Orders DOJ Probe Into High Gasoline Prices
President Trump has directed the Justice Department to investigate gasoline prices, claiming they are not falling fast enough, raising the prospect of regulatory scrutiny on fuel pricing.
US Stock Futures Rise After Chip Selloff; Oil Steady on Hormuz Easing
US stock futures mostly rose late Tuesday as semiconductor shares rebounded, while oil prices stayed subdued amid signs of easing tensions around the Strait of Hormuz.
UK Grid Operator Issues Rare Summer Power Supply Warning
The UK grid operator issued a rare summer power supply warning for Wednesday evening as a heat wave strains the energy system, raising concerns about gas-fired generation demand.
Oil Demand Growth May Come From Storage Builds, Not Consumption
Countries in Asia Pacific are building new strategic and commercial oil reserves to boost energy security, potentially driving the next wave of oil demand growth.
Canada Minister LeBlanc Meets Suncor Executives in Fort McMurray
Canadian Minister Dominic LeBlanc met with Suncor Energy executives and business leaders in Fort McMurray to discuss trade and economic cooperation amid global uncertainty.
UAE Oil Exports Recover to 85% of Pre-War Levels, IEA Says
UAE oil exports rebounded to nearly 85% of pre-war levels in early June, driven by alternative routes and storage, even before a US-Iran peace deal, according to the IEA.
Trump Admin Cuts Oil and Gas Drilling Costs on Federal Lands
The Interior Department revises federal leasing rules to lower costs for oil and gas drillers, aiming to boost development on public lands under the Energy Dominance agenda.
Colombia Gas Reserves Near 18-Year Low as Shortfall Worsens
Colombia's natural gas reserves stayed near an 18-year low in 2025, deepening the domestic shortfall and raising pressure to expand import capacity.
US crude inventories falter as SPR struggles to pick up slack
US crude oil inventories are declining while the Strategic Petroleum Reserve fails to replenish, signaling potential supply tightness ahead.
Energy Stocks Rise Late Tuesday as NYSE Energy Index Gains 0.3%
Energy stocks edged higher late Tuesday, with the NYSE Energy Sector Index rising 0.3%, reflecting cautious optimism in the sector amid mixed commodity prices.
API Chief: Strategic Petroleum Reserve Needs Upgrade, Not Political Use
API President Mike Sommers says the Strategic Petroleum Reserve is in desperate need of upgrading and should not be used for political purposes, urging a focus on energy security.
China Eyes $2 Billion Uzbek Mining Bet as Central Asia Courtship Accelerates
China is reportedly considering a $2 billion investment in Uzbek mining, deepening its economic ties in Central Asia amid growing competition with Russia and the West.
Tanker Rates Surge as Hormuz Crisis Drives Record Earnings
Tanker rates in the Gulf have nearly doubled in a week as Middle Eastern producers rush to move stranded crude, pushing daily earnings for VLCCs above $190,000.
Europe's Top Gas Distributor to Invest $14.8 Billion in AI-Backed Networks
Europe's largest gas distributor plans to invest $14.8 billion in AI-enhanced network infrastructure, aiming to optimize energy distribution and reduce operational costs.
Saudi Arabia Chooses China as Future Superpower Partner Over US
Saudi Arabia has shifted its strategic alignment towards China as its primary superpower partner, moving away from the US after the 2014-2016 oil price war and subsequent geopolitical realignments.
Pemex and Petrobras Team Up on Oil and Refining Projects
Mexico's Pemex and Brazil's Petrobras have agreed to collaborate on oil exploration, production, and refining, signaling deeper cooperation between Latin America's two largest state-owned energy companies.
EG Group Files for $1 Billion US IPO, Fuel Retail Giant Expands
EG Group, a major gas station and convenience store operator, has confidentially filed for a US IPO targeting about $1 billion, signaling expansion in fuel retail.
Treasuries Gain as Stock Selloff, Oil Drop Curb Rate-Hike Bets
Treasuries rose as a selloff in US stocks and falling oil prices reduced expectations for Federal Reserve interest-rate hikes over the next year.
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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.