US, Russia, Ukraine, Iran to decide how cold winter will be in Europe
Europe, which imports much of the diesel it runs on, enters the heating season with little room for error, amid volatile geopolitics...
Tag : Iran War
Aramco seeks foreign partners to expand oil stockpiles as exports hit five-month high
Aramco responds to energy incidents six times faster than the industry average, helping Saudi restore oil output to around eight million barrels per day...
Trump taps emergency heating oil reserve as elevated costs dominate midterm narrative
The Department of Energy said that the release would help get fuel to areas facing shortages, with deliveries expected to be completed by November 13...
Ryanair CEO warns of record airfare hike as US airlines struggle with fuel costs
Ryanair CEO Michael O'Leary predicts European airfares could rise by 10% to 20% in 2027 as the Iran war drives jet fuel prices higher...
US import prices jump 8.1% as Iran war fuels inflation ahead of midterms
The latest figures follow increases in consumer and producer prices, strengthening concerns that inflation is spreading beyond energy...
Saudi boosts oil output despite Iran disruptions, targets 10 million bpd export capacity
The Kingdom pumped 8.372 million barrels per day in September, up well over two million bpd from August, stated OPEC+ data...
UAE wealth to hit USD 6 trillion by 2030 despite Iran war jitters, says BCG report
BCG expects the number of ultra-rich residents to climb to 800 as property, financial assets and cross-border wealth underpin the UAE's growth...
AirAsia CEO denies report of funding talks with Malaysian government
AirAsia has been hit by soaring jet fuel costs that surged 66% in Q2 from the prior quarter to an average of USD 183 a barrel...
Gulf economies set for 10.3% rebound in 2027 if oil flows recover, says World Bank
The World Bank expects GCC output to contract by 4.3% in 2026, with the disruptions at the Strait of Hormuz affecting energy exports and other activities...
Trump expands tax-exempt diesel access as high fuel prices become midterm issue
Trump said the executive order will waive off-road requirements and allow anyone to purchase tax-free so-called red dye diesel...