Fuel

This is the second time since April that the carrier has increased the fuel surcharge, which was introduced in March.

India’s largest private fuel retailer raises pump prices from Saturday as global crude and refined-product prices put pressure on retail margins.

The special additional excise duty (SAED), along with the road and infrastructure cess on diesel exports, will now be Rs 16 per litre, down from Rs 20 per litre.

An explosion took place in the third plant of the MRPL refinery at Jokatte in Karnataka.

According to official data, China’s imports of Russian oil and gas amounted to $64 billion last year, and its imports from January to August this year crossed over $70 billion.

The surge in crude oil prices and heightened tensions in West Asia have increased safe-haven demand for the dollar and pushed US Treasury yields higher.

Drone attacks forced Saudi Arabia to shut its major east-west oil pipeline on Friday, but Riyadh has yet to provide full details on the extent of the damage or when the route could resume operations.

Maj. Gen. Turki al-Malki, a spokesperson for the Saudi-led coalition fighting in Yemen, said the attacks hit “civilian and economic facilities” in the Saudi cities.

Henan is processing used cooking oil into bio-based aviation fuel as demand and export orders for the alternative fuel continue to grow.

The Nigerian police confirmed the incident on Friday but gave no death toll and said an investigation was underway.

The Ambassador’s remarks come against the backdrop of expanding secondary sanctions imposed by Western coalitions.

The deals are separate from a controversial Caracas-Washington deal recently unveiled that gives the US access to 17 oil fields.

Wright said US involvement in Venezuela was intended to help restore investor confidence, describing it as "the cure for socialism".