Russia’s oil product production index fell nearly 22% in June amid operational disruptions from conflict-related attacks, impacting supply and pricing dynamics.
The Russian State Duma amended the fuel dampener and trading rules to enhance domestic fuel supply and price stability amid export restrictions and refinery disruptions.
Gasoline prices in annexed Crimea have surged by nearly 80% in early July amid Russia’s fuel supply crisis and export restrictions.
Lufthansa will cancel 20,000 flights through October 2026 to save over 40,000 tons of jet fuel amid rising energy costs and geopolitical instability affecting aviation fuel supplies.
Global airlines reduce flight capacity by 3% in May due to jet fuel shortages caused by Middle East conflicts and the Strait of Hormuz blockade.