Russia’s State Duma revises fuel dampener and compensation rules to curb price swings amid export restrictions and refinery disruptions.
Fuel prices in Crimea nearly doubled in early July amid Russia's domestic supply shortages and export restrictions, with prices rising 78.4% on average for the week.
Russia's aviation kerosene imports from Belarus surged nearly fourfold in May amid declining domestic production caused by refinery outages and ongoing military conflicts.
Russia plans a 1-2 month ban on diesel and aviation kerosene exports due to refinery disruptions caused by increased drone attacks on fuel plants.
The UK authorized indefinite imports of diesel and aviation fuel from Russian oil processed abroad, responding to rising fuel prices and global energy supply tensions.
Global oil stocks declined by a record 200 million barrels in April amid Middle East tensions, pushing inventories close to eight-year lows despite demand drops.
Lufthansa will cancel 20,000 flights from June to October 2026 to save over 40,000 tons of jet fuel amid rising energy costs and Middle East instability.