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Fuel

Business

Fuel prices fall 12 cents a litre from Monday in Portugal

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Business

Lufthansa hits record revenue as Iran war fuel costs eat into profits

The German airline group posted its highest-ever revenue in 2025 and improved its first-quarter results, but soaring jet fuel costs linked to the Iran war are forcing route cuts and pushing annual profit below initial forecasts.

Travel News

Jet fuel crisis: Which European flights are cancelled or suspended?

Carriers in Europe recoil over jet fuel prices, forcing them to sharply cut flight schedules and pass on charges to travellers ahead of the peak season.

Business

TotalEnergies ramps up refinery output to secure French fuel supply

TotalEnergies has maximised its output at the Gonfreville refinery to protect the French market from external supply shocks. The facility is operating at its limit to produce essential fuels as energy markets remain disrupted.

Europe in Motion

Where have fuel prices been rising the most since the Iran war?

Europe is feeling the pinch after the blockage of the Strait of Hormuz, with stark differences between countries.

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Economy

Reignited US-Iran tensions likely to drive up petrol and diesel prices

As US representatives travel to Pakistan on Monday for a second round of talks with Iran, the lack of clarity over a possible deal is once again expected to place upward pressure on petrol and diesel prices.

The Big Question

Can sustainable aviation fuel save airlines from fuel insecurity?

As we head towards carbon-neutral aviation in 2050, the sustainable aviation fuel industry is set to boom. We spoke to a key innovator to learn more.

Travel News

Flying soon? What the jet fuel crisis means for travellers

Jet fuel prices have roughly doubled since the war in Iran began – and shortages could start next.

Europe News

Energy crisis: 5 countries appeal to EU for windfall tax

Economy and finance ministers from Italy, Germany, Spain, Portugal and Austria are asking the EU for a tax on energy surplus profits to curb price increases.

No Comment

Fuel shortages bring long queues to Myanmar’s capital

Motorists queue for hours for petrol in Myanmar’s capital, Naypyidaw, after the junta imposed fuel quotas as shortages grow.

World News

EU measures against soaring energy and fuel prices amid Iran war

Brent crude topped €100 a barrel after the Strait of Hormuz was closed. With no unified EU response from Brussels, capitals are opting for tax cuts, price caps or simply delaying concrete action.

Business

Why is petrol more expensive in Germany than most places in the EU?

Germany has been hit particularly hard by rising petrol prices compared to the rest of the EU. A task force set up by the German government aims to counteract this while exposing the oil companies' profit scam.

Business

Unlikely bedfellows: Castrol deal draws private capital into industry

The deal reflects a shift in how investors view businesses like Castrol — less as consumer brands, and more as industrial infrastructure embedded in the global economy.

World News

Azerbaijan ships fuel to Armenia by rail for first time in decades

The delivery of 22 tanker cars carrying AI-95 petrol follows a November agreement between the two governments and represents a concrete step in normalising relations after reaching a peace agreement earlier this year.

Climate

COP30: new deal on climate action reached, but no fossil fuels roadmap

UN climate talks in Brazil resulted in a modest agreement to increase financial support for countries most affected by extreme weather linked to climate change. However, but offered no roadmap to phase out fossil fuels or to strengthen insufficient emissions reduction commitments.

Europe News

Why is Italian oil giant Eni growing edible crops in Congo?

The company claims it is using ‘degraded lands’, but Congo is in dire need of more homegrown food according to the UN.

India

Fuel cutoff moments before Air India plane crash, report reveals

On June 12, the London-bound Boeing 787 crashed in Ahmedabad. All 230 passengers on board, except for one, were killed.