Fuel & oil news
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Headlines
Commodities Guru Warns Hantavirus Could Hit Oil Like Silver
A prominent commodities analyst who previously predicted silver's decline now warns that the hantavirus could become a black-swan event for oil markets, prompting hedging activity.
OPEC+ Plans to Complete Quota Hikes by September, Delegates Say
OPEC+ delegates signal the group aims to complete a series of oil quota increases by end-September, potentially adding supply to the market.
India Factory-Gate Inflation Hits 3.5-Year High on Energy Costs
India's producer price inflation accelerated to a 3.5-year high in April, driven by surging energy costs that raise input expenses for manufacturers and may pressure the central bank to keep rates elevated.
Malaysia Warns of Surge in Iranian Ship-to-Ship Oil Transfers
Malaysia's maritime agency reports a surge in Iranian ship-to-ship oil transfers near its waters, exploiting enforcement gaps to ship crude to China.
BlackRock Manager Says European Stocks Attractive After Pullback
BlackRock's Thomas Becker says euro-zone stocks are attractive after the recent pullback, as the energy crisis may spur fiscal investment.
Cuba Runs Out of Diesel and Fuel Oil as Blackouts Worsen
Cuba has exhausted its diesel and fuel oil reserves, leaving only limited natural gas, as blackouts worsen due to the US embargo and aging infrastructure.
China Fuel Demand Under Pressure as Pricier Oil Adds to EV Push
China's gasoline demand is expected to decline further as rising oil prices, driven by geopolitical tensions, accelerate the shift to electric vehicles, pressuring fuel markets.
Japan-Bound Oil Tanker Clears Strait of Hormuz Amid Iranian Crackdown
A tanker carrying 1.9 million barrels of crude to Japan has passed through the Strait of Hormuz, the second such transit since US-Israel strikes on Iran in late February.
Valeura Energy Reports Q1 2026 Results, Oil Output at 22,326 bbl/d
Valeura Energy reported Q1 2026 oil production of 22,326 bbl/d and sales of 1.4 million bbls, with adjusted opex details filed on SEDAR+.
India Seeks US Waiver Extension for Russian Oil Amid Iran War
India has formally asked the US to extend its waiver on Russian oil imports as the ongoing Iran conflict disrupts global energy supply, potentially reshaping crude trade flows.
Asian stocks mixed as Trump-Xi summit yields no major breakthroughs
Asian stocks were mixed on Thursday as investors assessed the outcome of the Trump-Xi summit, which yielded no major breakthroughs on trade or Taiwan, while Tokyo's Nikkei hit a fresh intraday record.
Japan's Eneos Buys Chevron's Asian Oil Assets for $2.2 Billion
Japanese refiner Eneos Holdings agrees to acquire Chevron's refining and retail assets across Asia Pacific for $2.17 billion, expanding its regional footprint.
Black Stone Minerals Q1 Earnings Miss on Revenue, Gas Output Steady
Black Stone Minerals reported Q1 revenue below Wall Street expectations, though production held steady with increased gas activity in the Haynesville and Permian oil output.
Iran Tensions Open Door for China-US Gas Trade Talks
Escalating Iran tensions may revive China-US gas trade talks as Xi and Trump meet, potentially easing tariffs that disrupted global fuel flows.
US Senate Confirms Kevin Warsh as Federal Reserve Chair
The US Senate confirmed Kevin Warsh as Federal Reserve chair on Wednesday, placing a lawyer and financier at the helm as the central bank faces rising inflation and oil price pressures from the Iran conflict.
Baytex Energy Raises 2026 Production Guidance After Strong Q1
Baytex Energy raised its 2026 annual production guidance to 69,000–71,000 boe/d after Q1 output beat the high end of its forecast, signaling strong operational momentum.
War Turmoil Drains Asian FX Reserves; Philippines, India Hit Hardest
Asian central banks are burning through foreign-exchange reserves to defend currencies as the Iran war drives oil prices higher, with the Philippines and India facing the most acute pressure.
Inflation to Stay Higher for Longer, Fuel Costs Pressure Portfolios
Persistent inflation, driven by rising fuel and energy costs, is eroding portfolio returns as official CPI data understates real price pressures.
StanChart Warns Physical Oil Premium Collapse May Be Temporary
StanChart warns that the recent collapse in physical oil premiums after the Hormuz crisis may be temporary, as supply risks remain elevated and buyers could return to the market.
Big Oil Reconsiders Previously Unattractive Destinations as Crisis Reshapes Priorities
International oil companies are shifting focus to previously overlooked regions like Alaska as Middle East instability reshapes investment priorities, with Saudi Aramco planning a $10 billion real estate deal.
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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.