A Ukrainian drone strike killed one person and caused a fire at a sea terminal in Russia's southern port of Temryuk. Meanwhile, EU ambassadors agreed to advance accession talks with Ukraine and Moldova, a significant step for Kyiv's bid to join the bloc.
EU ambassadors agreed to advance accession talks with Ukraine and Moldova, with negotiations to begin Monday. President Zelensky hailed it as a "strong step for Europe." Meanwhile, Ukraine targeted Russian supply lines in Crimea, and Russia's army staffing increased.
Aviation leaders gather in Rio for the Iata AGM as the industry faces high jet fuel prices (over $140/barrel) despite no current shortage in Europe, with costs impacting airlines and potential for consolidation.
Truck driver Frank Black returns to work after a two-week hiatus due to soaring diesel prices, a consequence of the global fuel crisis. He highlights the financial strain on owner-drivers, the industry's low profits, and the personal toll of the job.
Hong Kong's airport anticipates a volume shift this summer as airlines reduce scheduled flights and swap jet sizes to manage costs amid a global fuel crisis and rising economy passenger fares to Europe.
Ecologist MP Sandrine Rousseau stated that the primary election is "very fragile" and "locked by the parties," lacking in-depth debate. She also suggested investing in local transport, car-sharing, lighter vehicles, and trains to address the fuel crisis, linking it to the current heatwave.
Pacific nations are grappling with a severe fuel crisis, exacerbated by the US-Israel war on Iran, leading to soaring prices, potential economic slowdown, and increased inflation. The region's heavy reliance on imported oil for transport and electricity makes it particularly vulnerable, impacting daily life, businesses, and government budgets.
South Australian RV businesses are struggling due to the fuel crisis, with sales dropping significantly. Owners report fears of getting stuck or facing unaffordable fuel costs, leading to reduced hours and income. Calls are being made to extend the fuel excise reduction.
Europe is unlikely to face a jet fuel crisis in the coming weeks due to price hikes encouraging refiners to redirect fuel cargoes. However, concerns persist for early fall if the U.S.-Israeli war against Iran continues, impacting oil shipments.
Ryanair's CFO, Neil Sorahan, stated the budget airline is prepared for an "armageddon situation" due to the jet fuel crisis but does not anticipate it. The airline plans a full schedule for summer and winter, though some weaker carriers may struggle.
Greenpeace, Transport and Environment, and other groups call for banning private jets and reducing UK motorway speed limits to 60mph to mitigate an impending fuel supply crisis, citing minimal inconvenience now to avoid severe shortages and price spikes later.
CIA Director John Ratcliffe met his Cuban counterpart in Havana as the US renewed a $100m aid offer. Cuba stated the meeting aimed to improve dialogue, emphasizing it poses no threat to US security, while President Diaz-Canel argued lifting the blockade would ease conditions faster.
Despite a looming jet fuel crisis, private jet departures in Europe rose 10% in April, prompting environmental campaigners to call for a ban, while the business jet lobby argues the sector's impact is negligible.
The spectre of the global energy crisis loomed over the three-day Asean summit in the Philippines as regional leaders converge for a final day of talks in Cebu on Friday. Analysts say that while some major flashpoints were addressed – with Thailand and Cambodia’s joint statement of solidarity being a bright spot – surging fuel costs as a result of the Iran war weighed heaviest on the minds of Southeast Asian leaders. The fuel crisis was the “defining issue”, said Vu Lam, an Asean observer and...
A bonfire of red tape to unleash investment and complete stalled projects across Vietnam may drive economic expansion but is unlikely to offset the damage caused by US tariffs and the fuel crisis which have threatened the country’s growth ambitions. Vietnam’s Communist Party General-Secretary and President To Lam, the most powerful leader in a generation, has set an annual growth target of 10 per cent until 2030 to galvanise a nation whose ponderous bureaucracy has snarled private investment and...
A bonfire of red tape to unleash investment and complete stalled projects across Vietnam may drive economic expansion but is unlikely to offset the damage caused by US tariffs and the fuel crisis which have threatened the country’s growth ambitions. Vietnam’s Communist Party General-Secretary and President To Lam, the most powerful leader in a generation, has set an annual growth target of 10 per cent until 2030 to galvanise a nation whose ponderous bureaucracy has snarled private investment and...
Ryanair says that unlike others it will not be cancelling summer flights, as it hedged fuel contracts before Iran warBusiness live – latest updatesAirlines that cancel flights because of fuel shortages this summer will still have to compensate passengers under European law, the EU transport commissioner has said.Apostolos Tzitzikostas told the Financial Times that jet fuel prices or shortages did not meet the criteria that protect EU airlines from passenger claims. Continue reading...
Tasmania's parliament has passed a motion calling for the government to release updated cost estimates for the Hobart stadium amid rising construction expenses linked to the global fuel crisis.
Malaysian King Sultan Ibrahim Iskandar arrived in Moscow on Thursday for a high-profile visit that comes as Kuala Lumpur looks for alternative oil sources amid the Iran war-linked fuel crisis. Sultan Ibrahim landed at Vnukovo-2 International Airport at 4.20pm local time on Thursday, according to Malaysian reports, and was received by Russian Deputy Foreign Minister Andrey Rudenko, senior protocol officials and Malaysia’s ambassador to Russia, Cheong Loon Lai. The king is attending Russia’s May 9...
As Reform vows to block solar and windfarms, energy leaders say renewables offer most secure future, insulating UK from hostile forcesUK politics live – latest updates• May elections: What’s at stake across England, Wales and Scotland?The defining issue of Thursday’s local elections, feedback from doorsteps suggests, will be the UK’s soaring cost of living. But voters should be told about the links between inflation and the affects of fossil fuels and the climate crisis – or the remedies they choose – may make the situation worse, green campaigners have warned.Ami McCarthy, the head of politics at Greenpeace UK, said: “With people’s bills and prices soaring from yet another fossil fuel crisis, these local elections have a global context – driven by the Iran war. Continue reading...
As Reform vows to block solar and windfarms, energy leaders say renewables offer most secure future, insulating UK from hostile forcesUK politics live – latest updates• May elections: What’s at stake across England, Wales and Scotland?The defining issue of Thursday’s local elections, feedback from doorsteps suggests, will be the UK’s soaring cost of living. But voters should be told about the links between inflation and the affects of fossil fuels and the climate crisis – or the remedies they choose – may make the situation worse, green campaigners have warned.Ami McCarthy, the head of politics at Greenpeace UK, said: “With people’s bills and prices soaring from yet another fossil fuel crisis, these local elections have a global context – driven by the Iran war. Continue reading...
The jet fuel crisis is expected to cost the German airline group €1.7 billion for the entire year.
Fewer than 5 per cent of Hong Kong flights have been cancelled in May and June combined, and about 1 per cent during the peak July travel period, the Airport Authority has said, despite a global fuel crisis triggered by the Middle East war, adding it would review charges to ease the industry’s burden. Responding to a lawmaker’s questions, Secretary for Transport and Logistics Mable Chan said on Wednesday that the figures were compiled by the authority, which operates Hong Kong International...
