United Kingdom
UK Adjusts Sanctions on Russian Oil Derivatives Amid Global Fuel Price Surge.
May 20, 2026 at 11:26 AM
To combat soaring energy costs driven by the closure of the Strait of Hormuz, the UK government has introduced a license allowing the import of jet fuel and diesel refined from Russian crude in third countries.
Local News
Hidden Costs in Fuel Pricing Cast Doubt on Electricity Tariff Logic.
May 8, 2026 at 12:06 AM
Energy experts and officials have raised concerns over the opaque fuel pricing mechanisms used in electricity tariff calculations, suggesting that the burden of subsidized diesel is being unfairly shifted to electricity consumers through inflated prices for Heavy Fuel Oil and naphtha.
Energy
Geopolitical Tensions Drive India and China into Fierce Competition for Russian Oil.
April 23, 2026 at 9:06 AM
The ongoing Iran war and the effective closure of the Strait of Hormuz have triggered a desperate scramble for Russian crude as both India and China struggle to secure energy supplies amid global shipping disruptions.












