Fuel & oil news
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Headlines
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.
Traders Question How Much Iranian Oil Can Really Return to Market
Despite US-Iran talks and a 60-day sanctions waiver easing supply fears, traders remain cautious on how much Iranian oil can realistically return to the global market.
Oil Tankers Exit Dark Mode as Strait of Hormuz Reopens Tentatively
A growing number of oil tankers are broadcasting positions to pass through the Strait of Hormuz, signaling a tentative recovery in traffic after a US-Iran peace deal memorandum.
Russia Gasoline Crunch Spreads After Refinery Drone Attacks
At least two-thirds of Russia's regions face fuel rationing or supply disruptions after Ukrainian drone strikes on refineries, worsening the gasoline crunch.
North Sea Crude Weakens as Mideast Oil Floods Back to Market
North Sea crude benchmarks weaken as a wave of Middle Eastern oil heads to Europe after the Strait of Hormuz reopening, raising supply glut concerns for fuel traders.
Carnival stock jumps 24% in a month as fuel costs drop
Carnival shares surged 24% in the past month, supported by record bookings and falling fuel prices, which directly lower operating costs for cruise operators.
Zerodha's Kamath Bets on Energy Transition Stocks in India
Nikhil Kamath, co-founder of Zerodha, highlights energy transition as a key investment theme in India, citing opportunities across the value chain amid US-Iran tensions.
Kanin Energy to Build 7 MW Waste Heat Power Plant at Colorado Gas Site
Kanin Energy plans a 7 MW waste heat to power facility at Phillips 66's Mewbourn gas complex in Colorado, cutting emissions and power costs.
India's US LPG Imports Set to Hit Record High in June
India is set to import a record 1.1-1.2 million tons of US LPG in June, nearly double May's volume, as it replaces constrained Middle East supply despite higher prices.
ECB Official Warns Oil Price Spillover Threatens Eurozone Economy
ECB Governing Council member Jose Luis Escrivá warns that rising oil prices are beginning to spill over into other sectors of the eurozone economy, signaling broader inflationary pressure.
Energy Transfer signs gas and NGL agreements with Matador Resources
Energy Transfer LP through affiliates signed multiple gas supply and NGL agreements with Matador Resources to improve pricing netbacks and reduce Waha Hub volatility exposure.
Activist Investor Toms Capital Takes Major Stake in Devon Energy
Activist hedge fund Toms Capital has built a top-five stake in Devon Energy, adding pressure on the oil producer amid a wave of Permian Basin consolidation.
Europe EV Sales Surge 34% in May as Chinese Brands Gain Share
European electric vehicle sales surged 34% year-on-year in May, driven by Chinese brands, while gasoline and diesel car sales declined amid higher fuel prices.
Seoul Kospi crashes 10% as tech rout spreads across Asia, oil extends losses
South Korea's Kospi tumbled 10% on Tuesday, leading a broad Asian sell-off driven by tech stocks, while oil prices fell further on optimism over Middle East peace talks.
UK Grid Operator Confirms Sufficient Winter Electricity Supply
The UK grid operator NESO has assured that the country has enough electricity for winter despite the Strait of Hormuz crisis, providing relief to energy markets.
Oil Prices Extend Decline as US-Iran Peace Talks Advance
Crude oil prices fell further as reports of progress in US-Iran peace talks raised hopes of eased sanctions on Iranian oil exports, boosting supply expectations.
Iran Races to Attract Major Asian Oil Buyers After US Waiver
Iran is aggressively courting Asia's top oil importers after a 60-day US sanctions waiver took effect, potentially boosting supply and easing a cargo backlog.
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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.