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US and Iran Tensions Escalate After Attacks Spark Market Volatility
PoliticsAPReutersbloomberg+87NYTwsjFTThe GuardianNPRAl JazeeraCNNFox News+79 more9h ago90 sources

US and Iran Tensions Escalate After Attacks Spark Market Volatility

Following renewed Iranian attacks on US forces, President Trump vowed a strong military response while warning that Iran is effectively a failed state. The escalation triggered a sharp rise in crude oil prices and a decline in global equity markets.

Goldman Sachs Forecasts Diesel Refining Margins to Reach $63 Per Barrel
FinancebloombergYahoo18h ago2 sources

Goldman Sachs Forecasts Diesel Refining Margins to Reach $63 Per Barrel

Goldman Sachs analysts project that diesel refining margins will surge to $63 per barrel as ongoing geopolitical conflicts restrict global fuel supplies. The investment bank has issued warnings to investors regarding tightening market conditions and potential price volatility.

Iran and Qatar Hold Diplomatic Talks Over Strategic Strait of Hormuz Transit
WorldbloombergNYTle-monde+17globe-and-mailFrance 24digi24index-hrobservadoraktuality-skhindustan-timesirish-independent+9 more4d ago20 sources

Iran and Qatar Hold Diplomatic Talks Over Strategic Strait of Hormuz Transit

Iranian and Qatari diplomats have convened in Tehran to discuss securing oil transit through the strategically vital Strait of Hormuz. The negotiations aim to stabilize regional energy flows as U.S. sanctions continue to pressure Iranian exports and global markets monitor supply risks.

Govt set to extend fuel duty cut
PoliticsANSA6d ago

Govt set to extend fuel duty cut

(ANSA) - ROME, AUG 25 - The government is set to extend a fuel duty cut when it expires Wednesday, government sources said Tuesday. Currently a 17-cent reduction on diesel fuel is in force to hep…

Italian Diesel Prices Surge Past €3 Per Liter
Businessdelo6d ago

Italian Diesel Prices Surge Past €3 Per Liter

Premium diesel in Italy has surpassed €3 per liter for the first time, with the highest prices recorded on the A22 Brenner-Modena motorway. Regular diesel also reached nearly €2.80 per liter amid broader European energy cost pressures.

Fuel Prices Fluctuate in Lithuania
Businessdelfi-lt6d ago

Fuel Prices Fluctuate in Lithuania

Gasoline and diesel prices in Lithuania experienced a significant jump over one day, followed by a slight decrease on Monday. This indicates recent volatility in fuel costs.

Colombia's State Oil Company Faces Massive Oil Theft
WorldColombia Reports7d ago

Colombia's State Oil Company Faces Massive Oil Theft

President Abelardo de la Espriella claims that oil thieves in northern Colombia are stealing at least 123,700 barrels of gasoline, diesel, and naphtha monthly from the state oil company. The theft of refined oil products, whether imported or produced domestically, represents a significant economic loss.

Tanker Explosion Kills Two in Anambra, Nigeria
WorldPremium Times9d ago

Tanker Explosion Kills Two in Anambra, Nigeria

A tanker carrying diesel exploded and caught fire after colliding with a truck loaded with animal feeds in Anambra, Nigeria. The incident, which occurred late Thursday, resulted in two fatalities.

Multiple Nations Adjust Retail Fuel Prices Amid Mixed Market Trends
Financedelo24urDawn+1myjoyonline6h ago4 sources

Multiple Nations Adjust Retail Fuel Prices Amid Mixed Market Trends

National authorities in Pakistan, Ghana, Slovenia, and other regions have enacted recent fuel price revisions, generally increasing gasoline costs while cutting diesel rates. These coordinated adjustments reflect regional efforts to balance inflationary pressures with consumer affordability amid fluctuating global energy markets.

Greece Extends Diesel Fuel Subsidy Through September
Politicsiefimeridanaftemporikinewsbeast+1protothema-en12h ago4 sources

Greece Extends Diesel Fuel Subsidy Through September

The Greek government has approved a continuation of the €0.10 per liter diesel subsidy for the month of September. The measure aims to alleviate transportation costs for businesses and households amid ongoing economic pressures.

Several Nations Adjust Petrol and Diesel Prices for September
BusinessvgTimes of Indiameta-mk+6gulf-newsnational-uaekhaleej-timesdhaka-tribunemyjoyonlinegdn-online13h ago9 sources

Several Nations Adjust Petrol and Diesel Prices for September

Governments across the Middle East, South Asia, and Europe have announced scheduled monthly adjustments to retail fuel prices for September. The updates reflect fluctuating global oil markets and regional taxation policies.

Serbia Raises Diesel and Gasoline Prices Again
Businessn1-serbiadanas3d ago2 sources

Serbia Raises Diesel and Gasoline Prices Again

Fuel retailers in Serbia have implemented another price increase for both diesel and gasoline, citing rising wholesale costs. The adjustment adds to consumer expenses and reignites debates over energy affordability in the region.

Serbian Brokers Warn of Market Anxiety Over NIS License Expiry
Businessn1-serbiadanas4d ago2 sources

Serbian Brokers Warn of Market Anxiety Over NIS License Expiry

Market analysts are raising concerns over the impending expiration of NIS’s operating license, noting significant investor nervousness. Brokers also highlighted a pricing anomaly where falling crude oil costs are not translating into lower diesel prices for consumers.

CIA Director Meets Russian Intelligence Chiefs in Moscow
WorldAPReutersBBC+83bloombergNYTle-mondeAl Jazeeranzzyle-uutisetnosruv+75 more5d ago86 sources

CIA Director Meets Russian Intelligence Chiefs in Moscow

U.S. CIA Director John Ratcliffe traveled to Moscow to hold discussions with Russian intelligence officials, marking a notable diplomatic engagement amid the ongoing war in Ukraine. President Trump indicated the meeting could yield positive outcomes, while the Kremlin confirmed the talks did not involve Vladimir Putin.

Russia Extends Diesel Export Ban Through September
BusinessReutersbloombergnaftemporiki+1vijesti-me6d ago4 sources

Russia Extends Diesel Export Ban Through September

Russia is set to extend its ban on diesel exports through September, according to sources. This decision comes amid ongoing fuel shortages in the country and recent attacks in Ukraine.

Regulated Fuel Prices Increase in Slovenia
Business24ur6d ago

Regulated Fuel Prices Increase in Slovenia

Regulated prices for petroleum derivatives in Slovenia have risen overnight, with 95-octane gasoline increasing by 2.6 cents to €1.608 per liter and diesel by 4.6 cents to a record €1.903 per liter.

Fuel Prices Increase in North Macedonia and Croatia
Businessindex-hrjutarnji-listdanas+2meta-mkmkd-mk7d ago5 sources

Fuel Prices Increase in North Macedonia and Croatia

Fuel prices are set to increase in North Macedonia, with diesel rising by 3.5 denari and petrol by 1.5 denari per liter, effective from midnight. Croatia has also announced new, higher fuel prices.

Diesel Prices Rise in Europe, Reaching Record Highs in Slovenia
Worldle-figarojutarnji-list7d ago2 sources

Diesel Prices Rise in Europe, Reaching Record Highs in Slovenia

Diesel fuel prices are on the rise across Europe, with the cost per liter increasing and reaching its highest level since mid-April in some regions. Slovenia, in particular, has seen diesel prices hit an unprecedented record high.

Malaysia Increases Subsidized Fuel Quotas Ahead of Independence Day
Businessbloombergmalay-mailstar-malaysia1d ago3 sources

Malaysia Increases Subsidized Fuel Quotas Ahead of Independence Day

Prime Minister Anwar Ibrahim has raised the monthly subsidized fuel quota for eligible drivers by 100 litres, effective September 1. The move is widely seen as a pre-independence day gesture aimed at easing household costs and courting voter support.

IAEA Warns Occupied Zaporizhzhia Nuclear Plant Faces Power Loss Within 10 Days
Worldaftonbladetorfdelfi-lt+4n1-serbiastraits-timeschannel-news-asiaazernews2d ago7 sources

IAEA Warns Occupied Zaporizhzhia Nuclear Plant Faces Power Loss Within 10 Days

The International Atomic Energy Agency has warned that Russia-occupied Zaporizhzhia nuclear plant could lose its external power supply within ten days due to critically low diesel reserves. The facility is currently relying on backup generators to maintain essential safety systems.

Global Diesel Prices Surge to Four-Year High
Businessdennik-n3d ago

Global Diesel Prices Surge to Four-Year High

Rising diesel prices have reached a four-year peak globally, driven by escalating geopolitical tensions between the U.S. and Iran alongside Ukrainian strikes on Russian refining infrastructure.

Pakistan Lowers Petrol and Diesel Prices Ahead of Late August
BusinessDawnexpress-tribune4d ago2 sources

Pakistan Lowers Petrol and Diesel Prices Ahead of Late August

The Pakistani government has reduced retail fuel prices by 50 paisas per litre for petrol and 19 paisas for high-speed diesel effective late August. The adjustment aims to ease transportation costs and provide temporary relief to consumers amid economic pressures.

US Diesel Inventories Fall to Record Low Ahead of Winter
Businessbloombergseeking-alpha5d ago2 sources

US Diesel Inventories Fall to Record Low Ahead of Winter

American diesel fuel stocks have plummeted to historic lows as commercial and residential heating demand surges ahead of the winter season. Energy analysts warn that constrained supplies could lead to price volatility in coming months.

Italy Extends Diesel Fuel Tax Cut Through Early September
Businessbloombergder-standardla-repubblica+3il-sole-24-orenaftemporikiinvesting-com5d ago6 sources

Italy Extends Diesel Fuel Tax Cut Through Early September

The Italian government has extended a temporary reduction in diesel fuel taxes until September 5 to alleviate rising transportation costs. The measure aims to provide economic relief to consumers and businesses ahead of upcoming national elections.

Fuel Prices Drop Across Lithuania
Businessdelfi-lt5d ago

Fuel Prices Drop Across Lithuania

Average prices for gasoline, diesel, and liquefied petroleum gas decreased across Lithuanian gas stations on Wednesday morning, according to the Lithuanian Energy Agency.

Italy Extends Diesel Tax Cut Amid Rising Fuel Prices
Businessbloombergil-sole-24-ore8d ago2 sources

Italy Extends Diesel Tax Cut Amid Rising Fuel Prices

Italy has extended its diesel tax cut as Prime Minister Meloni grapples with increasing fuel prices, with diesel exceeding 2.2 euros per liter on highways. The measure aims to alleviate the financial burden on consumers.

Moldova Announces Fuel Price Increase for August 23
Worldzdg-md8d ago

Moldova Announces Fuel Price Increase for August 23

On August 23, gasoline and diesel prices in Moldova will increase, according to new maximum reference prices set by the National Agency for Energy Regulation (ANRE). Gasoline 95 will have a maximum retail price of 26.08 lei per liter.

First Weekend of Return Traffic in Italy, Diesel Prices Rise
Worldil-sole-24-ore9d ago

First Weekend of Return Traffic in Italy, Diesel Prices Rise

Italy is experiencing its first weekend of 'controesodo' (return traffic), with over 24 million vehicle movements expected through Sunday, August 23. Many Italians are returning home for work, while others are still departing, and diesel prices on highways have risen to 2.200 euros per liter.