Fuel & oil news
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Headlines
Russia Buys Gasoline From India After Ukraine Drone Strikes Hit Refineries
Russia has begun importing gasoline from India by sea after Ukrainian drone strikes knocked offline roughly 30% of its refining capacity, forcing Moscow to seek alternative fuel sources.
Saudi Aramco, Algeria Cut July LPG Prices on Rising Global Supply
Saudi Aramco and Algeria's Sonatrach have lowered official selling prices for LPG in July, reflecting increased global supply and pressuring the market.
UAE Oil Flows Recover to Pre-War Levels via Hormuz Bypass and Dark Ships
The UAE has restored oil exports to pre-war levels by using dark tankers to evade detection and a pipeline bypassing the Strait of Hormuz, reshaping regional supply dynamics.
Renewables Hit Record 58% Share of Germany's Power Consumption
Renewable energy sources supplied a record 58% of Germany's electricity consumption in the first half of 2026, up from 55.8% a year earlier, driven by policy support and capacity additions.
US crude inventories post another major draw, EIA data shows
U.S. crude inventories fell by 3.8 million barrels last week, bringing stockpiles 7% below the five-year average, according to EIA data.
Japan's JERA Creates Standalone LNG Trading Arm Amid Volatile Markets
Japan's largest LNG buyer JERA is spinning off its trading and upstream operations into a standalone subsidiary to navigate volatile energy markets and secure supply.
Peru Inflation Unexpectedly Accelerates on Rising Food Costs
Peru's inflation unexpectedly accelerated in June, staying above the central bank's target for a fourth month as rising food costs compound global energy price pressures.
Trump White House Targets EU Emissions Law, Fuel Markets on Edge
The Trump administration threatens to redirect US energy exports away from Europe unless the EU softens its emissions regulations, raising supply risks for fuel markets.
KKR and SK Launch $1.3B Renewable Energy Platform in South Korea
KKR and SK Inc launch a $1.3 billion renewable energy platform in South Korea, combining 1.7 GW of clean energy capacity to meet surging power demand from AI and chip manufacturing.
US Dollar Strengthens Ahead of Warsh Speech; Oil Falls on Iran Talks
The US dollar rallied ahead of Fed Chair Warsh's debut at Sintra, while oil prices slipped on positive signals from US-Iran indirect talks.
Goldman Sachs Warns Oil Inventory Rebuild Won’t Prevent 2027 Supply Glut
Goldman Sachs warns that rebuilding depleted oil inventories will not prevent a massive supply glut in 2027 as Strait of Hormuz traffic normalizes.
Trans-Oil Seeks to Calm Bond Investors Rattled by Ukraine Report
Trans-Oil Group is organizing calls with bondholders after a report alleged its founder breached sanctions on Iran, raising concerns about the company's compliance and debt stability.
EU Steel Import Quotas to Preserve 200,000 Jobs, Eurofer Says
The EU's stricter steel import quotas will help preserve 200,000 local jobs, according to Eurofer's director-general, as the industry struggles with high energy costs and global competition.
US Bets $50 Billion on Coal and Gas Power as Electricity Demand Soars
US companies are set to spend $50 billion on coal and gas power generation this year, surpassing China for the first time in decades, driven by surging electricity demand from data centers.
Eni and Mercuria Join Forces in Global Energy Trading Venture
Eni and Mercuria have signed a deal to form a global energy commodities trading joint venture, combining Eni's upstream strength with Mercuria's trading expertise.
Shell Sells 50% Stake in Na Kika Platform for $1.7 Billion
Shell has agreed to sell its 50% stake in the Na Kika deepwater platform in the Gulf of Mexico to Talos Energy and Ridgewood Energy for $1.7 billion, marking a major portfolio adjustment.
French Gas Users Face Higher Bills as Network Costs Rise, Regulator Warns
French natural gas consumers will see higher bills as network maintenance costs are spread over fewer users due to declining demand, the regulator CRE said.
Chevron (CVX) Among Top NYSE Dividend Stocks With 4.16% Yield
Chevron (CVX) is highlighted among the top NYSE dividend stocks with a 4.16% yield and 39 consecutive years of dividend growth, reinforcing its appeal for income-focused energy investors.
Range Resources Stock Rises 2.6% as Natural Gas Futures Jump on Heatwave
Range Resources shares gained 2.6% as U.S. natural gas futures surged over 3% on forecasts of a heatwave boosting cooling demand and strong LNG exports.
India's Russian Oil Imports Hit Record 2.6 Million b/d in June
India's crude imports hit a record 5 million b/d in June, with Russian supplies surging to 2.6 million b/d, a 54% share, as sanctions pressure eased.
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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.