Afternoon Update: IEA chief warns oil shock worse than 1970s crises combined; ABC staff to strike; and a ‘feline Oscars’ star
The IEA's chief warns that the current global energy crisis caused by the war in Iran is more severe than the oil shocks of the 1970s.
Financial Times: War costs major airlines 53 billion dollars
A report by the Financial Times highlights that the aviation sector is facing its worst crisis since the COVID-19 pandemic, with global airlines incurring losses exceeding $50 billion due to the war on Iran.
Amidst the war in Hormuz, the government's Plan B is active, says - petrol-diesel and LPG...
Amid ongoing conflicts in Hormuz, the Indian government is implementing its contingency Plan B to ensure fuel supply security and address rising energy tensions.
Jet fuel crisis may boost Dangote exports to Europe
Nigeria's Dangote refinery is expected to supply more jet fuel to Europe due to ongoing global disruptions in the jet fuel supply chain.
Australia last rationed fuel in the 1970s. Could we do it again?
Australia is facing a potential fuel crisis as the global energy market reacts to the US-Israel conflict, prompting discussions about the possibility of reintroducing fuel rationing.
War in Iran Forces Airline Sector to Face Its Biggest Crisis Since the Pandemic
The airline sector is undergoing its worst crisis since the pandemic due to the ongoing war in Iran, which has led to a significant decline in market value and rising fuel costs.
Donald Trump ‘very surprised’ Australia declined to send troops to strait of Hormuz amid fuel crisis
Donald Trump expressed his surprise at Australia's decision not to send warships to the strait of Hormuz amid ongoing tensions affecting global oil supply.
Lowering speed limits among contingency plans to curb UK oil demand
The UK government is considering lowering speed limits as a strategy to reduce fuel consumption amid a global oil supply crisis stemming from Middle Eastern tensions.
South Africa and others seek fuel deal with Dangote refinery amid global crisis
Several African nations, led by South Africa, are negotiating fuel supply contracts with the Dangote refinery due to disruptions in global fuel supply linked to Middle Eastern conflicts.
Sri Lanka declares a public holiday on Wednesdays to save fuel; see measures around the world
Sri Lanka has instituted a public holiday on Wednesdays to conserve fuel amidst a global oil supply crisis, exacerbated by Middle Eastern conflicts.
Vietnam sees petrol prices shoot up overnight
Vietnam has experienced a drastic increase in petrol prices by over 20% due to global oil supply concerns stemming from conflicts in the Middle East.
United States relaxes sanctions on Venezuela amid crisis with Iran to prevent a fuel escalation
The United States has relaxed sanctions on Venezuela's oil sector to help mitigate rising global fuel prices amidst tensions with Iran.
EU nation planning ‘fuel tourism’ crackdown
Slovakia is considering increasing diesel prices for foreign drivers and limiting fuel purchases to reduce fuel tourism amid a global oil crisis.
Fuel seller: we may soon see a sharp rise in fuel prices
The price of diesel could rise to as much as 2.5 euros per liter due to the ongoing crisis affecting global oil supply.
Fuel rations and no air conditioning: Southeast Asian nations race to conserve energy
Southeast Asian countries are implementing measures to conserve energy amid soaring costs due to supply disruptions in the global oil market.
Estonian Storage Center Opens Strategic Fuel Reserves to Free Market
The Estonian Storage Center has decided to release its strategic fuel reserves to the open market in response to global oil supply crises.
Indonesia plans to buy Russian oil, says Reuters
Indonesia is looking to purchase Russian oil owing to a global fuel crisis and a temporary waiver from the U.S. that allows for the import of sanctioned Russian oil.
Cuba reports nationwide blackout as fuel, economic crises deepen
Cuba experienced an island-wide blackout due to deepening energy and economic crises, exacerbated by a U.S. energy blockade.
Ethiopia: PM Abiy Urges Responsible Fuel Use Amid Middle East Crisis
Ethiopian Prime Minister Abiy Ahmed has urged responsible use of fuel as the crisis in the Middle East disrupts global oil supplies.
The most insidious bomb of the war, the Dillian grenade, and a surprise appearance from Violet
The global economy faces a looming crisis due to dangerously low fuel supplies in key shipping ports, affecting global trade and shipping.
From fuel price pain to mining woes, here's how the Iran war is hitting Australia's largest state
The ongoing Iran war is affecting Western Australia significantly through rising fuel prices and potential mining impacts due to a global oil supply crisis.
War in the Middle East: how much longer can YPF contain the rise in fuel prices due to the spike in oil
The rise in global oil prices due to the ongoing Middle East conflict is putting significant pressure on Argentina's YPF to maintain fuel prices.
Russia profits from Iran crisis as oil prices surge
Russia's fossil fuel export earnings have surged to nearly $588 million daily due to the Iran conflict, which has disrupted oil supplies and significantly increased prices.
Afternoon Update: Australia to release nearly 20% of fuel stockpile; Bluesfest cancelled; and Hollywood’s unsettling new look
The Australian government is releasing 20% of its fuel stockpile amidst rising demand and global supply disruptions.
Two cylinders in every household... How many LPG cylinders are there in the country with 1.5 crore homes with PNG?
India is taking necessary measures amidst global oil and gas shortages, assuring citizens that there is currently no crisis concerning cooking fuel.
Shorter work week with less consumption: this is how Asia reacts to the oil shock
Asian countries are implementing emergency measures, including shorter work weeks and fuel price caps, to mitigate the effects of the global oil crisis driven by tensions in Iran.
Paweł Rożyński: Cheap "Shots" from Iran Drive Up Fuel Prices. The Solutions to the Crisis are All Bad
The article discusses how Iran's use of cheap drones and missiles against U.S. bases echoes historical military tactics, affecting global fuel prices and posing a challenge to modern military forces.
Yogurt, Chuda, Bhel-Puri, and Sattu... Super Foods That Will Keep You Full Amidst the War-Like Atmosphere and Shortages
The article discusses the ongoing conflict in the Middle East and its global repercussions, particularly focusing on fuel shortages and rising LPG prices in India, and suggests traditional foods that can be prepared without cooking as solutions.
Chaos Due to War... Gas Crisis Escalates in India and These 9 Other Countries, Lockdown-like Conditions
Countries including India are facing a severe fuel crisis due to ongoing conflicts in the Middle East, affecting global energy supply chains.
Oil barrel price reaches $120 but drops after Trump's statement that the war in the Middle East is near the end
Oil prices surged to $120 as conflict in the Middle East escalated but fell after President Trump's remarks suggesting the war may soon conclude.
The fuel villain in the Strait of Hormuz - this is how the world economy is affected
Iran's blockade of the Strait of Hormuz is impacting global oil prices and may lead to an energy crisis.
Diesel price has crossed a symbolic threshold: "We are about to shoot into space"
The price of diesel has surpassed 2 euros per liter in some stations in Vilnius, reflecting significant increases in global oil prices and local taxation.
Why the Gulf War Could Also Cause a Food Crisis
The ongoing conflict in Iran is likely to result in rising global fuel prices and potentially incite a food crisis due to disrupted oil supplies.
From petrol to groceries: how Middle East crisis is driving up prices
The Middle East conflict is causing significant price increases globally across various sectors, particularly in fuel and groceries, raising concerns about price gouging and future economic impacts.
Trump says ‘maybe we’ll have a friendly takeover of Cuba’
President Trump suggested a potential 'friendly takeover' of Cuba amid ongoing fuel shortages and economic struggles faced by the Cuban government.
WSJ: Nuclear Demand Takes Flight. Uranium Supply is Stumbling
Rising demand for nuclear energy and the expansion of data centers are putting pressure on global uranium supplies, raising fears of a fuel crisis for reactors.
New tax for fuel companies and billionaires? Negotiations at the UN
This article discusses the UN's negotiations aimed at introducing new global taxes for fuel companies and the wealthiest individuals, along with potential effects and supporter countries.
Global warming-fueled wildfires drive up the climate crisis bill among the year's 10 most expensive disasters
Wildfires, exacerbated by global warming, have become one of the 10 most expensive climate crisis disasters, with the Los Angeles fires in January 2025 causing over 400 deaths and $60 billion in losses, according to a report blaming the fossil fuel industry.