Energy, Oil & Gas

Diesel prices surge in US, Europe amid tight refined product supplies

Diesel prices in the US and Europe have risen sharply amid disruptions to supplies of refined oil products, including diesel fuel. US ultra-low sulfur diesel futures surged 7.4% to settle at $4.19 per gallon on Monday, while in Europe, the diesel refining margins witnessed a 10% drop. ...

Energy, Oil & Gas

India lowers export duties on fuels

India will reduce export duties on petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning June 1, according to a government statement....

Energy, Oil & Gas

UAE reduces diesel price for June

The UAE Fuel Price Committee has approved fuel prices for June 2026, with diesel prices recording a decline compared to the previous month, in a move that supports the stability of key sectors, particularly logistics and supply chains....

Energy, Oil & Gas

UAE maintains diesel stability while revising petrol prices for May

The UAE Fuel Price Committee announced May 2026 fuel prices, keeping diesel unchanged to support logistics and supply chains, while petrol saw minor adjustments reflecting global trends under a flexible, transparent monthly pricing system ensuring market stability. ...

Energy, Oil & Gas

Indonesia to stop diesel imports, shift to palm oil fuel

Indonesia will stop importing diesel fuel starting July 1, 2026, in line with the implementation of B50, a biofuel blend consisting of 50 per cent diesel and 50 per cent crude palm oil (CPO)....

Energy, Oil & Gas

Oil soars to $119 as several key Mideast energy facilities hit

Benchmark Brent oil prices jumped above $119 a barrel on Thursday after ‌Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field, a major escalation in the war. Meanwhile, Middle East benchmark ​Dubai and Oman premiums hit all-time highs at about $65 per barrel, according to trade sources and Reuters data. ...