Fuel & oil news
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Headlines
Chevron vs. Exxon Mobil: Which Energy Stock Is a Better Buy in 2026
Chevron focuses on tech-driven energy demand while Exxon Mobil expands carbon capture, offering investors distinct strategies for 2026.
US LNG Imports to EU Drop as Price Gap Widens, Threatening Trade Deal
European imports of US liquefied natural gas fell sharply in June as higher prices made American cargoes uncompetitive, complicating the newly implemented EU-US trade deal.
Oil Prices Crash as Iran Deal Hopes Rise – 1 Stock to Buy Now
Brent crude has fallen to around $71 per barrel from a high of $138 as prospects of a US-Iran peace deal ease supply fears, creating a potential buying opportunity in oil stocks.
Patterson-UTI Energy Stock Up 44% but Still Looks Undervalued
Patterson-UTI Energy shares have rallied 44% over the past year, yet valuation metrics suggest the stock remains undervalued, creating a potential opportunity for energy investors.
Putin Signs Tax Amendments to Boost Domestic Fuel Supply
Russian President Vladimir Putin signed tax amendments aimed at boosting domestic fuel supply, potentially easing gasoline shortages and impacting global energy markets.
Courts and Congress Push Back Against Trump's Wind Power Crackdown
Federal courts and lawmakers are pushing back against Trump administration efforts to halt offshore wind projects, signaling continued legal and political support for the sector.
Oil Resumes Flow Through Strait of Hormuz as Tanker Traffic Returns
Oil tanker traffic resumes through the Strait of Hormuz after a brief disruption, easing supply fears and putting downward pressure on crude prices.
Modi: India to Keep Expanding Oil Refining Capacity
Indian Prime Minister Modi announced the country will continue building new oil refineries to ensure supply chain security, contrasting with Western refinery closures.
Drone Attack Hits Oil Terminal in Russia's St. Petersburg
Ukrainian drone strikes targeted an oil terminal in St. Petersburg, Russia's second-largest city, threatening fuel supply infrastructure and raising geopolitical risk premiums in energy markets.
Asia's Energy Lessons from Iran Crisis: Diversify Supply and Power Mix
After months of conflict in the Persian Gulf, energy-importing Asian nations are accelerating efforts to build larger strategic reserves, secure alternative fossil-fuel suppliers, and expand renewable energy capacity to reduce vulnerability.
Colombia Oil and Gas Reserves Continue to Decline
Colombia's proven oil and gas reserves have continued to shrink over the past decade due to underinvestment, rising geopolitical risk, and anti-industry reforms, threatening the country's energy security and export revenues.
OPEC Oil Output Jumps 3.3 Million Bpd in June, Still Below Pre-Crisis Levels
OPEC's oil production surged by 3.3 million barrels per day in June as Gulf producers restored output, but the cartel remains far below pre-crisis levels due to ongoing Strait of Hormuz disruptions.
Imperial Oil Buyback Plan Could Reshape TSX:IMO Bull Case
Imperial Oil received TSX approval to buy back up to 5% of its shares, a move that could strengthen the bull case for TSX:IMO by signaling confidence in cash flow and shareholder returns.
Valero Energy Joins Five Russell Indexes as Investor Base Shifts
Valero Energy has been added to five major Russell indexes, including growth and value benchmarks, signaling a shift in its investor base toward larger-cap and growth-oriented funds.
Russia to Import Jet Fuel from Japan as Refining Crisis Deepens
Russia is set to import at least 200,000 barrels of jet fuel from Japan via complex ship-to-ship transfers, as Ukrainian drone strikes cripple its refining capacity.
DOJ Urges States to Enforce Fuel Price-Gouging Laws
The US Justice Department and FTC have formally asked state attorneys general to help enforce fuel price-gouging laws, warning that oil market volatility does not justify anticompetitive behavior.
Oil Markets Grow Numb to U.S.-Iran Ceasefire Drama
Oil prices remain stuck in a tight range as traders look past geopolitical headlines and wait for clarity on the fragile U.S.-Iran ceasefire, with Brent trading between $71-73 per barrel.
TotalEnergies Offers Millions of Barrels of Iraqi Crude to Asian Buyers
TotalEnergies is offering millions of barrels of Iraqi Basrah Medium and Heavy crude for prompt delivery to Asia, with deep discounts and on a loading basis, as Iraq faces pressure from Strait of Hormuz disruptions.
Barclays flags early signs of equity rotation as US market leadership softens
Barclays strategists note early signs of equity rotation from US to other markets, citing crowded trades, AI valuations, and lower oil prices boosting Europe's outlook.
ECB in Good Position After June Rate Hike, Oil Drop Eases Pressure
ECB Governing Council member Emmanuel Moulin said the bank is in a good position after its June rate hike, as falling oil prices ease euro-zone inflation 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.