China plans to reduce terminal hydrogen prices to below 25 yuan/kg by 2030, aiming for 100,000 fuel cell vehicles. Current prices exceed 35 yuan/kg. Key challenges include reducing green electricity costs for hydrogen production and improving storage density. The industry is transitioning towards commercialization.
Airline leaders met in Rio de Janeiro to discuss high fuel costs, declining profits, and engine issues. Global fuel costs have surged, halving airline profits, with net profits expected to drop significantly. Despite resilient travel demand, future winter travel and sustained high costs remain concerns.
US Army officials report budget pressures from unplanned operations like 'Epic Fury' and rising fuel costs, forcing difficult spending decisions. The Navy may need to cut routine operations if additional funding isn't secured by July.
Eurowings CEO Max Kownatzki faces a new crisis shortly after taking office in February, marked by rising fuel prices due to the war in Ukraine and disrupted routes. While Lufthansa's hedging protects 80% of fuel costs, the remaining 20% must be paid at current market rates, likely leading to increased ticket prices for customers.
Pakistan is spending an estimated $900,000 monthly on US lobbying efforts, totaling $10-12 million annually, according to FARA filings. This occurs as the nation faces economic challenges, a water crisis, rising fuel prices, and a heavy debt burden.
Pakistan is spending an estimated $900,000 monthly on US lobbying efforts, totaling $10-12 million annually, according to FARA filings. This occurs as the nation faces economic challenges, a water crisis, rising fuel prices, and a heavy debt burden, while its military leadership claims India sought US mediation during military tensions.
Ethiopia is accelerating its shift to electric vehicles, driven by high fossil fuel import costs and a government ban on gasoline/diesel car imports. The country aims for 500,000 EVs by 2030, leveraging its hydropower resources, though charging infrastructure remains a challenge.
JetBlue has raised its Q2 fuel cost projections due to shipping disruptions in the Strait of Hormuz, causing jet fuel prices to surge. The airline expects expenses to range from $4.26 to $4.36 per gallon, up from previous estimates.
easyJet shares rose over 12% after US firm Castlelake confirmed early-stage consideration of a takeover bid. The airline's board will evaluate any proposal, prioritizing shareholder value and considering current market conditions and execution challenges.
UAE petrol prices have risen for the fourth consecutive month in June 2026, with Super 98 up 60% since February. The increases reflect global energy market volatility driven by Middle East conflict and shipping disruptions, despite a drop in diesel prices.
Air India reduces domestic flights by up to 22% and IndiGo by 5-7% from June to August 2026 due to high ATF prices impacting operations.
Pune's civic body has banned public gatherings for 14 days from May 26 to curb rising fuel expenses. The Pune Municipal Corporation is also implementing fuel-saving measures for municipal vehicles, urging officials to use public transport and carpooling.
Actor-turned-politician Ravi Kishan clarified a viral 'home-from-work' remark, explaining it was a slip of the tongue while trying to advocate for 'work from home' amid economic concerns. He expressed bewilderment at his frequent viral moments.
The European Commission has approved €13 million in French state aid to support fishermen affected by rising fuel prices due to the Middle East conflict. The aid, ranging from 20 to 35 cents per liter, is deemed necessary and proportionate.
Langkawi tourism operator Mohamad Zaki Najmi is struggling with increased operating costs due to higher fuel prices, linked to the US-Israeli war on Iran. He has raised prices for jet ski and boat tours. Additionally, Zaki reports a recent decline in tourist arrivals on the Malaysian island.
China's major airlines face significant losses due to soaring jet fuel prices post-Iran war, weak domestic demand, and limited hedging. Their stock prices have dropped ~30%, with carriers struggling to pass on costs to price-sensitive consumers.
EasyJet reported a 27% increase in losses to £377 million for the six months to March, citing the Iran war's impact on jet fuel costs and booking visibility. Revenue rose 12% as the airline hedged against fuel price rises.
The UK government has relaxed sanctions on Russian crude oil, allowing imports of refined jet fuel and diesel from third countries like India and Turkey. This move, aimed at curbing surging fuel costs and protecting national interest amid global conflicts, has drawn criticism from opposition figures concerned about supporting Russia.
UK inflation dropped to 2.8% in April, down from 3.3% in March, driven by a lower household energy price cap. While welcome, the slowdown may be temporary as fuel costs rise due to the Middle East conflict.
Thousands stranded and businesses paralyzed in Kenya as transport operators strike nationwide over record fuel price hikes. Over 200 arrested amid protests, with calls for government action on the cost of living crisis.
Over 500 Ukrainian drones attacked Russia overnight, killing three near Moscow. Romania found an unexploded projectile. The US let a sanctions waiver for Russian oil purchases lapse, impacting India.
Consumer goods prices are expected to increase soon due to rising fuel costs from the West Asia conflict. Companies like Dabur India and Marico have already raised prices, with Nestlé India and Hindustan Unilever considering further hikes, potentially impacting consumer spending, especially in rural areas.
Indian restaurants and delivery apps are preparing to increase food prices by 5-10% next week due to rising fuel and LPG costs. This comes as the Middle East conflict pushes global crude prices higher, impacting transportation, supply chains, and input costs. Many businesses are forced to revise annual pricing plans earlier than usual.
Gig and platform workers in India will strike Saturday from 12-5 PM to protest rising fuel prices and low pay. The GIPSWU union calls for a shutdown, citing increased costs making it hard to earn enough despite long hours.
