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DPW official charged for stealing fuel from county gas depot for private company
MAYS LANDING, N.J. — A supervisor in the Atlantic County Department of Public Works has been charged with multiple offenses, including official misconduct, in connection with the unauthorized use of county-owned diesel…
China oil imports rebound in April, but weak fuel demand weighs on refiners
By Chen Aizhu SINGAPORE – China’s crude oil imports grew nearly 7% in April from the same month a year earlier, its first rise in three months, although weakening fuel demand due…
Nigeria’s Ibom Air rejects industry plan to stop flights over jet fuel cost
By Camillus Eboh ABUJA – Nigerian airline Ibom Air on Saturday said it will not take part in an industry plan to stop flights from Monday over the high cost of jet…
U.S. fuel prices surge faster than crude as exports tighten market
By Stephanie Kelly NEW YORK – U.S. fuel prices have surged faster than crude oil prices in the last month, as the United States has shipped more refined products abroad to supply…
BOJ says fuel, food-driven gains to keep propping up Japan inflation
TOKYO – Japan’s consumer inflation will continue to face upward pressure later this year from rising electricity bills and food prices, as the recent surge in commodity prices hits the economy with…
Uneven earnings season providing little fuel for volatile U.S. stock market
By Lewis Krauskopf NEW YORK – Mixed financial results from U.S. megacap companies are dampening an otherwise better-than-expected first-quarter earnings season and so far failing to fuel stock performance in the face…
Suburban Propane Announces the Commercial Launch of Propane+rDME, a Revolutionary Low-Carbon Fuel
This innovative new product is the first commercially available blend of either traditional, or renewable propane, and rDME. The resulting blended alternative product has a lower carbon intensity and can be used as…
Colombia fuel subsidy deficit projected to more than double to $8.8 billion
BOGOTA – Colombia’s fuel subsidy fund is projected to more than double its deficit to 33.7 trillion pesos ($8.8 billion) this year because of high oil prices, the country’s fiscal rule committee…
Malaysia urges countries to prioritise food over fuel as Indonesia bans palm exports
By Mei Mei Chu KUALA LUMPUR – Countries should pause or slow use of edible oil as biofuel to ensure adequate supply for use in food, a state-backed Malaysian palm oil group…
U.S. refiners set for strong start to 2022 as fuel prices surge worldwide
By Laura Sanicola (Reuters) – U.S. oil refiners expect strong first-quarter earnings as margins to sell gasoline and diesel strengthened due to a steep dropoff in refining capacity and crude oil supplies…
Japan’s draft relief measures include higher fuel aid, extra budget
By Takaya Yamaguchi TOKYO -Japan’s government will raise the cap for gasoline subsidies and replenish state reserves by compiling an extra budget to cushion the economic blow from rising raw material costs,…
Air France to make refuelling stops as Senegal feels fuel shortage
DAKAR – Air France said on Wednesday that flights from Senegal’s capital Dakar to Paris will make refuelling stops in Spain’s Las Palmas, due a refined products shortage in the West African…
Cathay to launch major corporate sustainable aviation fuel programme
(Reuters) – Hong Kong’s Cathay Pacific Airways Ltd said on Wednesday it would work with corporate customers to launch a major corporate sustainable aviation fuel (SAF) programme in Asia, as firms look…
Analysis-Musk’s tweets fuel mining industry’s hopes of a buyout by Tesla
By Ernest Scheyder (Reuters) – Elon Musk’s recent musings that high lithium prices may force Tesla Inc to make its own supply of the electric vehicle battery metal have fueled hopes by…
SupplySide East 2022 Gathers Health & Nutrition Industry Leaders for Valuable Networking and Education to Fuel Product Innovation
SupplySide East featured more education sessions than at any previous show, allowing all badge holders opportunities to learn from experts and gain insight into the latest science and trends in key categories…
Berliners’ reliance on Russian fuel exposes German dilemma on Ukraine
By Vera Eckert, Shadia Nasralla and Ron Bousso FRANKFURT/LONDON – People on the streets of Berlin have waved Ukrainian flags in demonstrations of support since Russia invaded Ukraine in February. But those…
Kenya to deport Rubis CEO amid fuel crisis – local media
NAIROBI – Kenya plans to deport the CEO of fuel storage and distribution company Rubis Energy Kenya over a fuel crisis, The Daily Nation newspaper reported on Wednesday, citing senior government sources…
Biden Scraps Green Fuel Rules In Bid To Slow Skyrocketing Gas Prices
Biden Scraps Green Fuel Rules In Bid To Slow Skyrocketing Gas Prices Thomas Catenacci on April 12, 2022 President Joe Biden is expected to announce a temporary pause on an environmental rule…
‘Relic Of The Past’: Democrats Cheer Biden’s Fuel Economy Standards That Will Make Cars More Expensive
‘Relic Of The Past’: Democrats Cheer Biden’s Fuel Economy Standards That Will Make Cars More Expensive Thomas Catenacci on April 5, 2022 President Joe Biden’s Transportation Department outlined stringent new fuel economy…
Peru suspends some fuel taxes to fight price surge
SANTIAGO -Peru’s ministry of economy and finance announced on Sunday that it would suspend taxes on the country’s most consumed fuels to fight surging prices caused by the Russia-Ukraine conflict. The measure…
Exclusive-Ship fuel suppliers stop serving Russian vessels in the Med – sources
By Jonathan Saul (Reuters) – Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow’s exports, five industry…
U.S. may weigh up exemptions to ban on financing fossil fuel projects abroad-official
By Timothy Gardner WASHINGTON – The Biden administration may soon consider calls for exemptions to a ban on financing of new carbon-intensive fossil fuel projects overseas, a senior U.S. official said, as…
Amazon to double cashback rewards on fuel purchases as fuel prices rise
(Reuters) – Amazon.com Inc is launching a program to double cashback rewards on fuel purchases to up to 12% for Amazon Flex debit cardholders, to help Flex delivery partners amid a rise…
Legislators Propose $500 Fuel and Inflation Credit in New Jersey as Murphy Touts Budget Surplus
TRENTON, NJ – Trenton lawmakers are proposing a $500 tax credit to help residents contend with soaring gas prices, energy costs, and inflation. With no indication that Governor Phil Murphy will move…
Indonesia expects fiscal pressure from high global fuel, food prices
JAKARTA – High global commodity prices have helped Indonesia book a strong fiscal position, but its budget will face pressure from inflationary shocks in coming months as the government keeps fuel prices…
Cuba says fuel shortages due to spike in demand, troubles at power plant
By Nelson Acosta HAVANA – Cuba’s government said on Wednesday a spike in demand for fuel, caused in part by the failure of the country’s largest power plant last week, had led…
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