United Airlines expects fuel prices to stay high over long-term, says CEO
DOHA – United Airlines expects fuel prices to stay high in the long-term, its chief executive said on Monday. Scott Kirby, speaking to reporters in Doha, also said that based…
DOHA – United Airlines expects fuel prices to stay high in the long-term, its chief executive said on Monday. Scott Kirby, speaking to reporters in Doha, also said that based…
BOGOTA – Shareholders of Colombia’s majority state-owned oil company Ecopetrol on Friday approved a plan to shore up the country’s fuel-price stabilization fund (FEPC), as well as an extraordinary dividend…
RIO DE JANEIRO – Petrobras’ board of directors held discussions Friday over freezing fuel prices for 45 days, according to three sources with knowledge of the matter. The proposal, presented…
BUDAPEST – Hungary’s government has extended a cap on some basic food and fuel prices until Oct. 1, while a cap on retail mortgage interest rates will remain in place…
By Rowena Edwards and Ron Bousso LONDON – Consumers can expect fuel prices at the pump to remain high into next year due to disruptions to Russian oil supplies and…
By Pete Schroeder WASHINGTON – Six of the nation’s largest financial institutions, including JPMorgan Chase, BlackRock Inc, and Wells Fargo, may no longer be allowed to do business with the…
LONDON – Britain’s competition watchdog has been asked by the government to review the retail fuel market to see whether a cut in duty has been passed onto consumers as…
By Kavya Guduru (Reuters) – India’s fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021 when the world’s third…
By Koustav Samanta SINGAPORE – Asian jet fuel refining profits – already at all-time highs – have enough leg room for more gains in the coming weeks, as relaxed border…
Massive Oil Refinery On Track To Shut Down Amid Fuel Supply Shortages, Record Prices Thomas Catenacci on June 7, 2022 UPDATE: This article has been updated to include comment from…
LISBON – The restructuring at Portuguese airline TAP, designed to bring it back to profit in the next few years, is on track despite soaring fuel costs and the dollar’s…
By Rachel Savage LONDON – The IMF said on Tuesday governments fighting soaring food and fuel prices should target aid to vulnerable citizens rather than issue across-the-board aid that risked…
KARACHI, Pakistan – Pakistan will slash fuel subsidies for a second time in a week in a bid to control the fiscal deficit and secure International Monetary Fund (IMF) bailout…
Oil, Fuel Prices Skyrocket After EU Rolls Out Russian Ban Thomas Catenacci on May 31, 2022 Global oil and fuel prices surged after the European Union (EU) struck a deal…
BERLIN – Europe could face fuel shortages this summer due to squeezed oil markets, the head of the International Energy Agency, Fatih Birol, told Germany’s Spiegel. “When the main holiday…
MEXICO CITY -Mexico’s Cemex, one of the largest concrete producers globally, said Monday it would fully operate a cement plant in the United Kingdom on a type of alternative fuel,…
By Noah Browning and Alex Lawler LONDON – Sky-high refining margins for diesel and gasoline in Europe and the United States, driven by a cutoff in Russian supply, has sent…
(Reuters) – The U.S. Environmental Protection Agency (EPA) issued an emergency air-quality waiver through June 6 to boost supplies of gasoline in East Texas after production was cut at a…
By Gibran Naiyyar Peshimam and Asif Shahzad KARACHI, Pakistan -Pakistan on Thursday announced it will hike fuel prices so that it can resume receiving aid from a $6 billion package…
By Gabriel Araujo, Lisandra Paraguassu and Gram Slattery SAO PAULO – Shares of Brazil’s state-run oil company Petrobras plunged on Tuesday after the government ousted its chief executive for the…
COLOMBO – Sri Lanka hiked petrol prices by 20%-24% on Tuesday and also increased diesel prices by 35%-38%, Power and Energy Minister Kanchana Wijesekera said. In a message on Twitter,…
Biden Considers Draining Yet Another Key Emergency Fuel Stockpile: REPORT Thomas Catenacci on May 23, 2022 President Joe Biden is mulling taking action to release federal diesel stockpiles in an…
By Gopal Sharma KATHMANDU – Nepal’s state-owned oil company has hiked the retail prices for fuels, including petrol and cooking gas, by up to 12.5% because of rising global oil…
BERLIN -Mercedes-Benz outlined a new strategy fuelled by “creating desire” through scarcity at a strategy day on the French Cote d’Azur, where it showcased its luxury models to analysts, investors…
KYIV – Ukraine’s government has lifted restrictions on fuel prices to enable traders to import more and make up the shortage Ukraine is experiencing after Russian forces destroyed many storage…