Russia’s State Duma amends fuel dampener rules and import compensations to stabilize domestic fuel prices amid refinery disruptions and export limits.
Gasoline prices in annexed Crimea nearly doubled in early July amid Russia's ongoing fuel supply crisis and policy shifts, revealing deep structural challenges in its energy sector.
Russia’s aviation fuel imports from Belarus surged nearly fourfold in May 2026 amid domestic production declines and export restrictions, revealing structural energy sector strains.
Russia plans temporary export limits on diesel and aviation kerosene to stabilize domestic fuel markets after drone attacks reduced refinery output.
Global oil reserves fell by a record 200 million barrels in April amid Middle East tensions, signaling tightening supply conditions despite weakening demand.
Lufthansa plans to cut 20,000 flights by late 2026 to save over 40,000 tonnes of jet fuel amid the energy crisis triggered by Middle East tensions, signaling major structural shifts in aviation.
Rising jet fuel prices amid Middle East conflict force airlines to cut flight capacity by 3% in May, threatening European economic connectivity.