Fuel

EU fossil fuel imports surge $25.9 billion as crisis delivers major macroeconomic hit after 44 days
Energy

EU fossil fuel imports surge $25.9 billion as crisis delivers major macroeconomic hit after 44 days

Von Der Leyen proposes fast EU energy support for vulnerable groups

U.S. inflation reaches 2-year high of 3.3 percent in March as gas price surge impacts broader economy
Economy

U.S. inflation reaches 2-year high of 3.3 percent in March as gas price surge impacts broader economy

Gasoline prices climbed 21.2 percent in March, marking record increase since 1967

U.S. approves emergency summer higher-ethanol gasoline sales to curb soaring fuel prices
Energy

U.S. approves emergency summer higher-ethanol gasoline sales to curb soaring fuel prices

Agriculture Secretary hails move as step toward American Energy Dominance supporting domestic biofuel demand

Japan initiates largest-ever strategic oil release as gasoline prices hit record 190.80 yen
Asia

Japan initiates largest-ever strategic oil release as gasoline prices hit record 190.80 yen

State reserves drawdown equals 30 days of demand roughly 8.5 million kiloliters scheduled through April end

China implements first fuel price control since 2013 to mitigate global oil volatility 
Asia

China implements first fuel price control since 2013 to mitigate global oil volatility 

New price caps save chinese drivers hundreds of dollars per tonne

China’s marine fuel oil exports plunge 32 percent YoY to 1.32 million tons in March
Asia

China’s marine fuel oil exports plunge 32 percent YoY to 1.32 million tons in March

The exports are primarily driven by sales from bonded storage for vessels operating on international routes