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Europe in Motion

Where have fuel prices been rising the most since the Iran war?

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Europe News

Energy crisis: 5 countries appeal to EU for windfall tax

Economy and finance ministers from Italy, Germany, Spain, Portugal and Austria are asking the EU for a tax on energy surplus profits to curb price increases.

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Fuel shortages bring long queues to Myanmar’s capital

Motorists queue for hours for petrol in Myanmar’s capital, Naypyidaw, after the junta imposed fuel quotas as shortages grow.

World News

EU measures against soaring energy and fuel prices amid Iran war

Brent crude topped €100 a barrel after the Strait of Hormuz was closed. With no unified EU response from Brussels, capitals are opting for tax cuts, price caps or simply delaying concrete action.

Business

Why is petrol more expensive in Germany than most places in the EU?

Germany has been hit particularly hard by rising petrol prices compared to the rest of the EU. A task force set up by the German government aims to counteract this while exposing the oil companies' profit scam.

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Business

Unlikely bedfellows: Castrol deal draws private capital into industry

The deal reflects a shift in how investors view businesses like Castrol — less as consumer brands, and more as industrial infrastructure embedded in the global economy.

World News

Azerbaijan ships fuel to Armenia by rail for first time in decades

The delivery of 22 tanker cars carrying AI-95 petrol follows a November agreement between the two governments and represents a concrete step in normalising relations after reaching a peace agreement earlier this year.

Climate

COP30: new deal on climate action reached, but no fossil fuels roadmap

UN climate talks in Brazil resulted in a modest agreement to increase financial support for countries most affected by extreme weather linked to climate change. However, but offered no roadmap to phase out fossil fuels or to strengthen insufficient emissions reduction commitments.

Europe News

Why is Italian oil giant Eni growing edible crops in Congo?

The company claims it is using ‘degraded lands’, but Congo is in dire need of more homegrown food according to the UN.

India

Fuel cutoff moments before Air India plane crash, report reveals

On June 12, the London-bound Boeing 787 crashed in Ahmedabad. All 230 passengers on board, except for one, were killed.

Business

China sees a boom in EV sales while petrol-filled cars tank

Plug-in hybrids saw the most rapid growth in 2024, attracting a second generation of electric vehicle buyers who are nervous about buying pure EVs or looking for the more extended range that hybrids can provide.

Business

World first as EasyJet trials new paint for a lighter shade of plane

Low-cost UK airline EasyJet is planning to try out a new lightweight painting method, in an effort to save on fuel usage and cut overall aircraft weights.

Markets

OPEC+ oil alliance makes decision on crude oil prices

Oil prices have been down due to weaker than expected demand from China as well as increased production from countries such as Brazil and Argentina that are not in OPEC+.

Earth News

Which airlines are switching to sustainable fuels?

Half the airlines in the ranking scored zero for their insufficient uptake of sustainable aviation fuels.

Europe in Motion

EU green exports grow on all fronts but trade-off remains negative

The block's exports of wind turbines, solar panels and liquid biofuels saw substantial growth between 2022 and 2023, but a more balanced import-export trade-off is still a long way to go, new Eurostat data shows.

Earth News

Global charity calls for end to EU incentives for crop-based biofuels

Oxfam argues that despite caps introduced in recent years the EU continues to drive demand for food crops and land to be diverted into fuel production, but the biofuel industry continues to insist it is part of the solution to climate change.

Nigeria

At least 48 people killed in fuel tanker explosion in Nigeria

Authorities said initially that 30 bodies were found but in a later statement said an additional 18 bodies of victims who were burned to death in the collision were found.