Latest Fuel News
Recent fuel, transport, and policy updates presented in a clear and scan-friendly format.
Oil prices rise on optimism over solid US fuel demand
Oil prices rose driven by unexpected drops in U.S. crude and gasoline inventories and potential delays in OPEC+ output increases. Brent and WTI futures gained after a significant mid-week rally. Analysts attribute the rise to stronger-than-anticipated fuel demand and potential postponement of OPEC+ production hikes.
Oil prices rise on optimism over solid US fuel demand
Oil prices rose driven by unexpected drops in U.S. crude and gasoline inventories and potential delays in OPEC+ output increases. Brent and WTI futures gained after a significant mid-week rally. Analysts attribute the rise to stronger-than-anticipated fuel demand and potential postponement of OPEC+ production hikes.
'Waiting in vain': Year on from pledge, world clings to fossil fuels
One year after world leaders issued the landmark call for a global move away from fossil fuels, nations are failing to turn that promise into action, say climate diplomats, campaigners and policy experts. Many are promising bold policies that align with agreed warming limits, but are approving new oil and gas fields -- an impossible contradiction, says the UN's expert climate panel.
'Waiting in vain': Year on from pledge, world clings to fossil fuels
One year after world leaders issued the landmark call for a global move away from fossil fuels, nations are failing to turn that promise into action, say climate diplomats, campaigners and policy experts. Many are promising bold policies that align with agreed warming limits, but are approving new oil and gas fields -- an impossible contradiction, says the UN's expert climate panel.
North Korea boasts of 'the world's strongest' missile, but experts say it's too big to use in war
North Korea recently launched an intercontinental ballistic missile, the Hwasong-19, calling it "the world's strongest." Experts question its wartime practicality due to its enormous size. Analysts suggest North Korea still faces technological challenges in making functional ICBMs. The launch appears partly as a response to international criticisms and to draw attention before the U.S. presidential election.
North Korea boasts of 'the world's strongest' missile, but experts say it's too big to use in war
North Korea recently launched an intercontinental ballistic missile, the Hwasong-19, calling it "the world's strongest." Experts question its wartime practicality due to its enormous size. Analysts suggest North Korea still faces technological challenges in making functional ICBMs. The launch appears partly as a response to international criticisms and to draw attention before the U.S. presidential election.
Petrol sales rebound on festival season, diesel demand continues to drop
India's petrol consumption increased by 7.3 per cent in October due to festive season demand. However, diesel sales decreased by 3.3 per cent, partly due to lower agricultural demand from extended rains. LPG and ATF sales saw year-on-year increases, with LPG up by 7.5 per cent and ATF by 2.5 per cent.
Petrol sales rebound on festival season, diesel demand continues to drop
India's petrol consumption increased by 7.3 per cent in October due to festive season demand. However, diesel sales decreased by 3.3 per cent, partly due to lower agricultural demand from extended rains. LPG and ATF sales saw year-on-year increases, with LPG up by 7.5 per cent and ATF by 2.5 per cent.
Petrol, ATF sales surge 8.5% in Oct
Petrol and jet fuel sales increased by around 8.5% in October due to higher travel during the festive season. Diesel sales remained stagnant, affected by factors such as high rainfall and a shift towards electricity by farmers and railways. LPG sales rose by 7.5%.
Petrol, ATF sales surge 8.5% in Oct
Petrol and jet fuel sales increased by around 8.5% in October due to higher travel during the festive season. Diesel sales remained stagnant, affected by factors such as high rainfall and a shift towards electricity by farmers and railways. LPG sales rose by 7.5%.
Blended aviation turbine fuel gets new category, to be taxed at 2% for regional connectivity
The Centre has categorized blended aviation turbine fuel under mineral items, introducing excise duties, and is considering voluntary use by 2024 and mandatory by 2027. The aviation industry is concerned about increased fuel costs and potential need for incentives, with ongoing consultations among various ministries.
Blended aviation turbine fuel gets new category, to be taxed at 2% for regional connectivity
The Centre has categorized blended aviation turbine fuel under mineral items, introducing excise duties, and is considering voluntary use by 2024 and mandatory by 2027. The aviation industry is concerned about increased fuel costs and potential need for incentives, with ongoing consultations among various ministries.
What are solid-fuel missiles, and why is North Korea developing them?
North Korea launched an intercontinental ballistic missile, potentially linked to its development of solid-fuel rocket engines. Solid-fuel missiles are easier to operate and harder to detect compared to liquid-fuel weapons. This development could enhance North Korea's nuclear counterattack capability, although experts believe the country still needs more time to fully master the technology.
What are solid-fuel missiles, and why is North Korea developing them?
North Korea launched an intercontinental ballistic missile, potentially linked to its development of solid-fuel rocket engines. Solid-fuel missiles are easier to operate and harder to detect compared to liquid-fuel weapons. This development could enhance North Korea's nuclear counterattack capability, although experts believe the country still needs more time to fully master the technology.
Diesel, petrol demand to grow 50,000-55,000 barrels per day Y-o-Y in Oct-Dec
India’s appetite for oil products in October-December is set to get a boost from the upcoming festival season as well as the agricultural season
Diesel, petrol demand to grow 50,000-55,000 barrels per day Y-o-Y in Oct-Dec
India’s appetite for oil products in October-December is set to get a boost from the upcoming festival season as well as the agricultural season