Tag: fuel
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India’s Steel Surge: Record Imports Fuel Economic Boom Amid Global Slowdown
[ad_1] India experiences a steel revolution as imports hit a five-year high, reaching 5.6 million metric tons between April and December. With a 14.8% jump in domestic steel consumption, the country emerges as a steel powerhouse, defying the slowdown seen in Europe and the United States. Industry leaders raise concerns about the impact of surging…
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Fuel Hoarders to Face Jail Time in Myanmar as Shortage Bites
[ad_1] People fill their motorbikes with petrol at a petrol station in Naypyitaw. (Image: Reuters) The junta threatened anyone found with over 180 litres of petrol and without a valid licence with arrest. Myanmar’s junta launched a new crackdown on fuel hoarding Monday with authorities threatening to jail anyone found with more than 180 litres…
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Oil prices settle at 2-week high as Red Sea attacks fuel supply disruption worries
[ad_1] Investing.com — Oil prices settled at two-week highs Tuesday, as a rise in vessel attacks along a key Red Sea shipping route has stoked concerns of supply disruptions at a time and eased concerns somewhat of supply outstripping demand. By 14:30 ET (19.30 GMT), the futures settled 1.3% higher at $73.44 a barrel…
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Pressure builds to eliminate fossil fuel use as oil executive takes over climate talks – Winnipeg Free Press
[ad_1] DUBAI, United Arab Emirates (AP) — Pressure to phase out fossil fuels mounted Thursday on the oil company chief who took over fragile international climate negotiations that opened in Dubai amid concerns about what some say is contradictory dual roles. The climate talks newly installed boss began on the hot seat and not just…
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Manitoba introduces bill to temporarily lift provincial tax on fuel – Winnipeg Free Press
[ad_1] WINNIPEG – The Manitoba government has introduced a bill to temporarily lift the provincial tax on fuel. Premier Wab Kinew promised the measure during the recent election campaign as a way to help people with the rising cost of living. The bill proposes lifting the 14-cent-a-litre tax on gasoline, diesel and natural gas used…
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Gold Demand on the Rise: Central Banks and Investors Fuel Optimism
[ad_1] Gold’s allure grows as central bank purchases and investor interest drive optimism in the market. While Q3 witnessed a slight dip, the World Gold Council foresees a potential surge in demand amid rising geopolitical tensions. As spot prices breach $2,000, remains a safe haven. Robust central bank buying and investor appetite set the stage…
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South Africa continues fuel price hike
[ad_1] Johannesburg, Oct 4 (IANS) The prices of petrol, diesel, and liquid petroleum gas (LPG) will increase in South Africa with effect from Wednesday due to local and international factors, the Department of Mineral Resources and Energy said.As South Africa imports and finished products at a price set at the international level, including importation and…
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Oil up over 3% as U.S. storage draws defy lower fuel demand
[ad_1] Investing.com – Oil prices jumped more than 3% Wednesday, with U.S. crude hitting a 10-month high above $94 a barrel, as traders responded to another weekly drop in crude stockpiles in the United States even as demand for fuels fell amid a seasonal decline in road travel. New York-traded West Texas Intermediate, or ,…
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Oil end with 1st weekly loss in 4; Russia fuel exports ban limits downside
[ad_1] Investing.com — Crude prices had their first weekly loss in four after the Federal Reserve signaled it might raise interest rates again before the end of the year — and anytime inflation gets out of hand. The downside in oil prices was, however, limited by Russia’s export ban on fuels, which counteracted fears that…
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Oil ends down after swinging on Russia fuel ban, U.S. crude stays below $90
[ad_1] Investing.com — Oil prices swung Thursday, initially rallying on Russia’s fuel export ban before ending lower as a renewed hawkish stance by the Federal Reserve boosted the dollar, weighing on most commodities. U.S. crude’s struggle to stay above the key bullish level of $90 per barrel also raised questions on how seriously some viewed…