Tag: fuel

Energy, Oil & Gas

German airports warn fuel costs may cut millions of flights

German Airports Association warned rising kerosene prices and supply shortages could trigger millions of flight cancellations, higher fares, reduced airport capacity, and fewer routes, with up to 20 million passengers potentially affected in 2026....

Energy, Oil & Gas

UK allows airlines to merge flights to cut fuel use

Britain introduced temporary measures allowing airlines to combine passengers onto fewer flights to cut jet fuel use, as concerns grow over potential shortages driven by supply disruptions and geopolitical tensions affecting Middle East supplies....

Energy, Oil & Gas

Bahrain revises fuel prices for May

Bahrain's Fuel Pricing and Monitoring Committee has announced fuel prices for the local market for May, in line with the approved pricing mechanism and reflecting global market changes....

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

Australia halves fuel excise to counter global energy turmoil

Australian Prime Minister Anthony Albanese announced a 50 per cent reduction of the fuel excise, a move aimed at mitigating the impact of the global fuel crisis stemming from the escalating military conflict in the Middle East....

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. ...

Energy, Oil & Gas

Bahrain unveils special reform package to bolster public finances

Bahrain has launched the largest financial and tax reform package in its history to address a soaring $50 billion public debt, said media reports. The key fiscal reforms plan includes raising fuel and natural gas prices and bringing changes to corporate income tax and spending cuts. ...

Energy, Oil & Gas

ADNOC Distribution, FAB, Mastercard launch fuel, mobility rewards card

ADNOC Distribution, First Abu Dhabi Bank (FAB), and Mastercard launched the ADNOC Rewards Credit Card in the UAE, offering cardholders 15% back in ADNOC Rewards points on fuel, car care, and convenience store purchases, providing premium benefits across the country’s largest fuel and convenience network....

Energy, Oil & Gas

Honeywell unveils biomass renewable fuel tech

Honeywell has introduced a new technology that converts agricultural and forestry waste into ready-to-use renewable fuels for hard-to-abate sectors, such as the maritime industry....

Energy, Oil & Gas

US fuel ethanol exports on track to set record: EIA

The US is on track to export a record amount of fuel ethanol for the second year in a row in 2025, driven by growing international demand. This growing market for exports is supporting increased US fuel ethanol production, even as domestic consumption stagnates, according to US Energy Information Administration (EIA) report....