fuel

China’s diesel exports surge 42% in August amid global shortage

China's diesel exports jumped 42.1% year-on-year in August to 1.33 million tonnes, reaching their highest level in more than two years as Beijing continued to ease restrictions on fuel shipments imposed during the early months of the Middle East conflict,…

Fuel prices surge in South Africa and UK as Brent crude tops $90

Motorists in South Africa and the United Kingdom are bracing for another round of painful fuel price increases in September, as the ongoing conflict involving the United States, Israel, and Iran continues to disrupt global oil markets and keep Brent…

China to raise fuel prices as Strait of Hormuz tensions lift global oil costs

China's top economic planner announced Thursday it will raise domestic retail fuel price caps from Saturday, July 18, as renewed US-Iran hostilities over the Strait of Hormuz continue to push global crude prices higher. The move comes as Morocco, Pakistan,…

Kazakhstan agrees to ship gasoline to Russia as fuel crisis deepens

Russian President Vladimir Putin acknowledged on Sunday that the country faces a "certain deficit" of fuel, marking the Kremlin's first formal admission that sustained Ukrainian drone strikes on oil refineries have created a domestic energy crisis that will likely persist…