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fuel crisis

Russia

Russia runs out of petrol at seven in 10 stations as fuel crisis worsens

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Business

Bank of Russia flags risks of faster inflation

Analysts and businesses had expected a sharper key rate cut, but inflationary risks are holding back monetary easing, which the Russian regulator gingerly links to the war.

Business

Iran war fuel shock wipes out half of airline profits in 2026

Revenues are forecast to rise strongly and passenger traffic to hit new records, yet the global airline industry is seeing profits squeezed by an Iran war-driven jet fuel price shock, according to the industry's latest outlook.

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Cuba’s fuel crisis leaves Havana’s streets overflowing with rubbish

Cuba is facing a mounting waste management crisis as fuel shortages continue to disrupt rubbish collection across Havana, the country's capital.

Travel News

EES delays: Wizz Air tells Brits to arrive three hours early

Budget airline Wizz Air says passengers should arrive three hours early as new EU border checks trigger long airport queues, with some travellers already missing flights amid fears of summer travel disruption.

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Travel News

Iran conflict threatens Southeast Asia’s summer tourism season

Tourism across Southeast Asia was finally recovering from the pandemic. Now, soaring fuel prices, flight disruptions, and growing economic uncertainty linked to the Iran conflict are threatening to slow demand just as the region enters its crucial summer travel season.

Business

EasyJet losses deepen as Iran war drives fuel costs higher

EasyJet reported wider first-half losses as the Iran war pushed up fuel costs and weakened demand. The airline warned of continued pressure from higher prices and softer summer bookings despite strong growth in its holidays business.

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Clashes erupt in Bolivia amid economic crisis

Bolivia faces growing protests, roadblocks and clashes with police amid shortages, inflation and economic unrest.

Business

Ryanair profits surge 40% to record €2.26 billion despite fuel crisis

Europe’s largest low-cost airline posted record annual profits as rising fares and sustained travel demand helped offset aircraft delivery delays and mounting uncertainty in global fuel markets due to the Iran war.

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Protests erupt in Havana as Cuba faces severe fuel shortages

Small protests broke out in Havana over worsening shortages of food, power, and fuel, as Cuban authorities blamed US sanctions for the crisis and warned that fuel reserves had run out.

Travel News

Will airfares be easier on our wallets this summer?

Cheaper flight prices may be tempting travellers back into the skies, but debates over surcharges and route disruptions still leave uncertainty for summer planning.

Economy

Shipping fuel crunch raises fears of higher prices worldwide

Global shipping companies are bracing for fuel shortages and rising costs as the Iran war disrupts supplies of bunker fuel through the Strait of Hormuz.

Climate

Ex-pilots brand use of private jets to Cannes Film Festival ‘reckless’

More than 700 private flights flew to and from Cannes Film Festival for last year’s star-studded event, burning two million litres of fuel.

Economy

Pacific economies face slower growth amid energy market pressure

Rising fuel and fertiliser import costs are placing growing pressure on economies across Asia and the Pacific, especially small island states that rely heavily on imports. The Asian Development Bank (ADB) says governments are accelerating energy transition and resilience measures in response.

Travel News

Jet fuel crisis: Airlines cut 13,000 flights and two million seats

Airlines across the world have cut thousands of May flights and scaled back capacity as the jet fuel shortage begins to bite, raising the risk of disruption for families travelling over the half term break.

Travel News

UK airlines to consolidate flights on same day to save on jet fuel

Carriers will also be able to hand back ‘slots’ at airports without punishment, removing the need to operate controversial ‘ghost flights’.

Travel News

Europe’s regional airports face ‘existential threat’ from fuel crisis

The energy crisis is compounding challenges already faced by Europe’s smaller airports, amounting to an “existential threat”.