The government will extend fuel tax cuts for another two months to cushion the impact of the Iran war on households, but that the relief would end after that and it would recoup the lost tax revenue in other ways. The US-Israeli war against Iran has caused the biggest oil supply disruption in history, the…
DEVELOPING STORYDEVELOPING STORY, A huge increase in Pakistan’s fuel import bill from $300 to $800 billion is putting more pressure on the economy. Published On 30 Apr 202630 Apr 2026 The most serious fuel price shock to hit Pakistan in more than half a century threatens to unleash a flood of cascading crises that could…
As global energy markets remain volatile and the price of oil high due to instability and conflict in the Middle East, more countries are looking at investing in renewables to shield their economies from the shocks caused by fossil fuel reliance, rein in import bills – and meet key climate action targets. Unlike oil and…
Tangier, Morocco — Fearing the Middle East war could drive millions into hunger and cripple economies, Africa’s leading institutions are drafting a strategy to mobilise domestic and “innovative” finance and harness national competitiveness to stabilise food, fuel, and fertiliser supplies. The African Union Commission (AUC), the Economic Commission for Africa (ECA), the African Development Bank…
The German airline says 20,000 short-haul flights would be removed from its schedule through October. Published On 23 Apr 202623 Apr 2026 German aviation company Lufthansa Group says it would cut 20,000 short-haul flights up until October as the Iran war drives up oil prices and deepens worries that some countries may run low on…
The blockade of the Strait of Hormuz is causing concern in Europe, which relies heavily on imported jet fuel. Published On 21 Apr 202621 Apr 2026 The European Union is mulling jet fuel imports from the United States and new minimum reserve quotas as it eyes options amid a supply crunch due to the Iran…
With COP30 delivering mixed results on a fossil fuel phaseout, attention is turning to new spaces for building climate action. The Santa Marta conference, hosted by Colombia and the Netherlands, could push governments to deliver concrete plans through a just transition and tax reform COP30 ended with mixed results, but one signal was clear: the…
NewsFeed A major fire at a key refinery in Australia refinery has disrupted fuel production, raising fears of shortages as supplies are already strained by the Iran war. Published On 16 Apr 202616 Apr 2026 Click here to share on social media share-nodes Share googleAdd Al Jazeera on Googleinfo
Hundreds of petrol stations in the Republic of Ireland have run out of fuel as the protests and blockades continued for a fifth day.
MT Paloma’s current position as shown by ships tracking portal Vessel Finder. IMAGE/UGC. By PATRICK MAYOYO [email protected] The Kenya Ports Authority (KPA) and its harbour master are facing intense scrutiny after it emerged that a vessel carrying 60,000 metric tonnes of fuel at the heart of a growing corruption probe was granted preferential exemptions to…
