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.
Economy
Ceylon Petroleum Corporation Clarifies High-Cost Fuel Imports Amid Market Volatility.
April 17, 2026 at 9:45 AM
The CPC Chairman clarified that reports of crude oil being purchased at $286 per barrel were inaccurate, explaining that the high cost applied to refined diesel due to global supply chain pressures.













