Fuel & oil news
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Headlines
AI Used to Fix Its Own Energy Problem as Data Center Demand Surges
Researchers are turning to artificial intelligence to tackle the surging energy demand from AI data centers, driving investment in next-generation baseload power sources.
Condor Energies Reports Q1 2026 Results, Focus on Central Asia
Condor Energies released its unaudited Q1 2026 financial statements, highlighting its energy transition activities in Central Asia.
Venezuela Launches Debt Restructuring for Sovereign and PDVSA Bonds
Venezuela announced a comprehensive debt restructuring for its sovereign bonds and PDVSA debt, a move that could reshape the country's access to oil markets and investor relations.
China's Invisible Hand Distorts Global Oil Markets
China's strategic oil buying and opaque reserve data are distorting global crude markets, challenging traditional OPEC+ and shale dynamics.
Middle East Conflict Threatens Renewable Energy Expansion
Ongoing Middle East conflict disrupts hydrocarbon supply, threatening renewable energy rollout as LNG and oil imports face uncertainty, particularly in Europe and Asia.
Ford Surges on Morgan Stanley Bullish Call on Hyperscaler Deals
Ford Motor shares surged after Morgan Stanley predicted the automaker's energy storage unit could secure deals with hyperscalers, boosting its valuation.
30-Year Treasury Yield Hits 5% for First Time Since 2007
The 30-year US Treasury yield breached 5% for the first time since 2007 as surging energy prices stoke inflation expectations, raising borrowing costs across the economy.
Pilot CEO Details EV Charging Expansion Amid Energy Shock
Pilot CEO Adam Wright outlines plans to expand the company's EV charging network as traditional fuel stations transform into multi-energy hubs amid the ongoing energy shock.
Saudi Aramco Eyes $10B from Real Estate Sale-Leaseback Deal
Saudi Aramco plans to raise at least $10 billion through a sale and leaseback of its real estate assets, including the Dhahran Camp residential community, as the oil giant continues to monetize assets amid Middle East tensions.
Fuel Shortage Could Reshape Global Trade as Russia Revenue Surges
A looming distillate fuel shortage threatens to disrupt global trade routes, while Russia's oil revenues surged $6.3 billion on high prices despite production losses.
India PM Modi Orders 50% Cut in Motorcade Size to Save Fuel
India's Prime Minister Narendra Modi has directed a 50% reduction in his official motorcade size to conserve fuel amid the global energy crisis, while also integrating electric vehicles where feasible.
Senegal Targets $7.5B Gas Project to Cut Energy Subsidies
Senegal's state oil firm announced a $7.5 billion development plan for the Yakaar-Teranga gas field, aiming to eliminate energy subsidies once production begins.
Crown Point Energy Reports Q1 2026 Operating and Financial Results
Crown Point Energy reported Q1 2026 net cash from operations of $6.5 million and funds flow of $11.7 million, reflecting a decline from the prior year period.
North Sea Oil Trades at Discount for First Time in Iran War Era
A key North Sea crude grade traded at a discount for the first time since the Iran war began, signaling easing supply fears in Europe.
Iran War Tests Turkish Central Bank’s Ambitious Inflation Target
A global energy price shock from the US-Israeli war on Iran forces Turkey’s central bank to raise inflation forecasts, complicating its disinflation efforts.
BP Buys 40% Stake in Uzbek Oil and Gas Blocks
BP has acquired a 40% stake in a production sharing agreement covering six oil and gas blocks in Uzbekistan, marking its entry into the Central Asian country's energy sector.
Saudi Oil Output Falls to Lowest Since 1990, OPEC Told
Saudi Arabia reported to OPEC that its crude output fell to the lowest since 1990, driven by the Iran war disrupting Persian Gulf exports, tightening global supply.
Putin calls Zelensky 'mister' as Morgan Stanley flags peace shift
Putin addressed Zelensky as 'mister' for the first time, which Morgan Stanley interprets as a signal of shifting peace negotiations, potentially impacting energy markets.
AI computing power futures coming to CME Group
CME Group plans to launch futures contracts on computing power, allowing investors to bet on AI infrastructure costs and potentially transforming energy markets.
Japan Refinery Utilization Hits 73% as Strategic Oil Stocks Flow In
Japan's refinery utilization rate rose above 70% for the first time since March, reaching 73.3% in early May, as releases from strategic petroleum reserves eased a crude supply crunch.
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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.