Browsing: fuel

President Masoud Pezeshkian said in a video published on Tuesday that fuel subsidies made no sense in Iran, a major oil producer with a struggling economy that has faced protests in the past over price hikes.

Taxi and tuk-tuk drivers in Myanmar’s commercial hub Yangon queued for hours for scarce petrol on Wednesday in the latest shortage fuelled by civil war and a tanking economy.

Amidst the scarcity of petrol at retail outlets across the country and the demand for downward review of prices by agitated Nigerians

RIYADH: Saudi Arabia is set to process approximately 3 million tonnes of municipal solid waste annually to produce refuse-derived fuels in six governorates following a new agreement. 

RIYADH: “Drastic and coordinated actions” are needed to reduce the global reliance on fossil fuels, a climate think tank leader has warned after a new analysis showed oil and coal consumption are at record levels.

Saudi oil giant Aramco inked agreement to buy 40 percent stake in Gas and Oil Pakistan Ltd. in December 2023 

Traders said profit-taking on long tin positions betting on higher prices weighed on the market later in the session. Benchmark tin traded 1.8% down at $34,950 a metric ton in official rings, having peaked at $36,050 for its highest since June 2022

LONDON: The Organization of the Petroleum Exporting Countries on Thursday predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024, while saying there was a chance the world economy could do better than expected this year, according to Reuters.

The Russian Energy Ministry noted stability of the situation with domestic fuel provision with fuel during the meeting

The overall picture is that freight movements have started to rise even before the U.S. Federal Reserve and other major central banks cut interest rates