Iran war leading European airlines to run out of jet fuel
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Europe has around 6 weeks of jet fuel left
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Brazilian fuel oil imports in Southeast Asia jumped in March, shipping data showed, easing concerns of tight marine fuel supply this month after the U.S.-Israeli war with Iran crimped shipments from the Middle East.
The war in the Middle East has upended shipping fuel markets with prices of marine fuels skyrocketing and regions running low on supply, pushing some traders to forgo cargo and ship additional fuel volumes to key bunkering ports outside the Middle East.
As the war with Iran continues, CBS News is tracking gas and oil prices. Find out how much more it costs to fill up your tank or heat your house.
Thai state-owned energy company PTT has offered a larger volume of high-sulphur fuel oil (HSFO) for loading in May than in previous months, according to market sources.
A decision by councils in Berkshire on how to distribute financial support for people reliant on heating oil will take some time despite government confirming extra aid. Prime minister Sir Keir Starmer announced last month that £53m will be distributed nationwide after prices soared as a result of the US-Israel war with Iran.
Pakistanis are facing record fuel price increases as petrol and diesel prices surge by up to 54%. The rise is driven by the Middle East conflict, which has caused global oil prices to soar.
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Heating oil support 'needs to be delivered now'
News that the Chancellor Rachel Reeves is to offer a package of support to households struggling with higher heating oil costs is "a relief, but it needs to be delivered to people now," a group that represents carers in Northern Ireland has said.
Police have warned people to protect their heating oil tanks after hundreds of litres were stolen from two homes in Norfolk. A tank in Fakenham was targeted on 26 March, with 200 litres of oil taken, and approximately 600 litres was stolen from a tank in Hickling on Tuesday.
A total of 7,342 drives have been conducted till April 7, he said, adding that 3,111 cases have been filed during the operations