Fuel & oil news
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Headlines
Oil prices dip as US-Iran talks raise supply hopes
Oil prices edged lower on Thursday as indirect US-Iran talks in Doha raised expectations of increased crude supply from the Middle East, though no deal was reached.
AI Boom Drives Record Surge in Battery Demand
Battery demand has surged as data centers and AI computing increasingly rely on battery storage to manage power fluctuations, with startups like Alsym Energy seeing record interest.
Chinese Teapots Snap Up Middle East Crude as Prices Slide
Chinese private refiners are buying Middle Eastern crude on the spot market as prices fall, with purchases of Saudi, Emirati, and Iraqi cargoes reported, signaling renewed demand from the world's top oil importer.
EU Drops Ten-Year Renewables Rule for Data Centers After Tech Lobbying
The European Union has dropped a proposed rule requiring data centers to source renewable energy for ten years, yielding to Big Tech lobbying to prioritize AI competitiveness.
TotalEnergies Sells 8.5% Stake in Malaysia's Marjoram Gas Field for $350M
TotalEnergies divests its 8.5% non-operated stake in the Marjoram gas field offshore Malaysia to INPEX for $350 million, focusing on operated assets.
Swiss Inflation Slows for First Time in Eight Months as Oil Costs Ease
Swiss inflation slowed in June for the first time in eight months, driven by lower oil costs feeding through to the domestic economy, which could ease pressure on the Swiss National Bank to tighten policy further.
India Accelerates Stake Sales to Offset Oil-Driven Budget Strain
India is accelerating stake sales in state-owned firms, including its largest life insurer, to shore up public finances strained by elevated oil prices.
Palm Oil Dips on Weaker Crude and Malaysian Production Outlook
Palm oil futures edged lower as weaker crude oil prices and expectations of strong Malaysian output weighed on the market, highlighting the interplay between energy markets and edible oil supply.
Iran’s Floating Oil Stockpile Swells as Major Buyers Stay Away
Iran’s floating oil storage has risen sharply as major buyers avoid purchases ahead of a 60-day US waiver deadline, adding potential supply overhang to global markets.
Energy Transfer Expands Nederland Terminal with New Ethane and LPG Capacity
Energy Transfer announced a major expansion of its Nederland NGL export terminal, adding 240,000 bpd of ethane and 55,000 bpd of LPG capacity, backed by long-term customer commitments into the 2040s.
Trump Targets California Again In SpaceX Feud
President Trump escalates his feud with California by targeting the state's energy policies and SpaceX operations, threatening to revoke federal waivers and impose sanctions.
Asian Stocks Set to Drop as Oil Falls, Chip Selloff Hits Sentiment
Asian equities are expected to decline Thursday following a selloff in US chip stocks and falling oil prices, with Fed Chair Warsh's inflation remarks adding to cautious sentiment.
Wall Street Shifts Focus to Solar-Plus-Storage Projects
KKR's $4.2 billion investment in EDF's solar-plus-storage portfolio signals a major shift as Wall Street prioritizes integrated renewable energy projects over standalone solar.
German solar-to-hydrogen breakthrough could reshape clean fuel economics
German researchers developed a prototype that efficiently converts sunlight into hydrogen using spacecraft-grade solar cells, potentially lowering green hydrogen production costs and boosting the fuel's viability for heavy industry.
US and UK Redraw Syria's Energy Map With New Gas Field Deal
A deal between ConocoPhillips, Novaterra, and Syria's SPC to develop gas fields signals a strategic shift in Western energy diplomacy in the post-Assad era.
Data Center Build-Out Supports High Valuations: Bilicic
George Bilicic of Lazard says the data center build-out is a key driver supporting high valuations in the energy and infrastructure sectors.
Oil and Gold Diverge as Fear Trade Unwinds Differently
Oil and gold, which rallied together on Iran war fears, are now diverging as gold extends its decline while oil finds support from supply concerns.
New Zealand House Prices Hit Three-Year Low as Oil Shock Bites
New Zealand house prices fell for the third straight month in June, nearing a three-year low, as the global oil shock weighs on household incomes and consumer confidence.
Shell Energy Trading Chief David Wells Retires After Four Years
Shell's EVP of energy trading David Wells is retiring after four years, prompting a reshuffle of top trading executives at the oil major.
ECB's Stournaras Sees Smaller Chance of Further Rate Hike on Falling Energy
ECB Governing Council member Yannis Stournaras said the sharp drop in energy prices and slowing euro-zone inflation reduce the likelihood of another rate hike after June's increase.
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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.