Despite a jump in prices, oil exporters are losing cash. World's biggest oil economies are still bleeding, while major oil companies are reporting staggering losses. The worst may be yet to come. WION's Palki Sharma tells you why.

Gravitas: Despite a price jump, major oil exporters are losing cash

Oil prices are skyrocketing in India. Global oil prices are touching new highs. Why are Indians paying so much for oil? Will we have to keep paying more? WION's Palki Sharma tells you how a meeting next month could decide what you pay for fuel.

Gravitas: 2 factors are dictating how much you spend on fuel

Fuel is on fire in India, touching Rs 100 a litre at some places. For the first time, it has hit a three-digit number. Before Sunday, oil prices were hiked every day for 12 days straight.

What led to hike in fuel prices?

India: Why oil is so expensive and what could be done India is the world's third-largest oil market and depends heavily on crude oil to fuel its dreams and development.

Why oil is expensive in India, and what the government could do

Is Saudi Arabia witnessing a "theological" shift? Social changes are slowly sweeping through the kingdom. After opening cinemas, allowing Christmas celebrations, letting women drive, and permitting them to attend concerts - the kingdom will now let women serve in the armed forces.

Saudi Arabian women can now join the armed forces

At least 60 people have been injured after oil and gas tankers got destroyed by multiple blasts causing a massive fire at Afghanistan's biggest trade crossing with Iran, officials said on Sunday.

Fire Truck Explodes: Over 300 fuel vehicled gutted in fire

A new research sheds light on global emissions from consumption of fuel and claims that such emissions most likely peaked last year. Undertaken by Bloomberg New Energy Finance, the research claims that the demand for power has fallen tremendously in 2020 owing to the slowdown induced by the coronavirus pandemic.

Did global emissions from fuel consumption peak last year?

India aims for 50% of fuel stations owned by public sector oil companies to be operated by solar power within five years under the government's green energy drive, its oil minister said on Tuesday.

India aims for half of state-run fuel stations to be solar-powered in five years

Researchers from the University of Cambridge have developed a first-of-kind device that converts sunlight, carbon dioxide, and water into carbon-neutral fuel. This conversion takes place without requiring any additional components or electricity.

Artificial Photosynthesis: Device that converts sunlight, CO2 and water into clean fuel

The Mexican Army and state security forces on Sunday captured Jose Antonio Yepez, a notorious drug gang leader and fuel thief blamed for fanning a surge in violence that has severely tested the government of President Andres Manuel Lopez Obrador.

Mexico nabs 'El Marro', fuel theft king blamed for surge in drug violence

Diesel price for the first time in living memory crossing the rate of petrol in the national capital on Wednesday. Diesel now costs Rs 79.88 per litre in Delhi as compared to petrol price of Rs 79.

Diesel becomes costlier than petrol in Delhi

Diesel fuel from a major spill in the Russian Arctic has reached the waters of a pristine lake that serves as the basin for a river flowing into the Arctic Ocean, a senior official said on Tuesday (June 9)

Fuel from Russian Arctic spill reaches large lake, says Governor

The first of five Iranian tankers entered the South American country's exclusive economic zone, even though US had warned against it. The tankers are carrying fuel for gasoline-starved Venezuela, and entered the country's waters on Saturday evening around 7:40pm local time.

Iranian tankers carrying 1.53 million barrels fuel enter US waterways despite warnings

Thanks to subsidies under socialist former President Hugo Chavez and his successor and protege, Nicolas Maduro, gasoline sold by state oil company PDVSA - which has a legal monopoly on fuel sales - is essentially free in Venezuela.

Venezuela's gasoline goes from world's cheapest to steepest as fuel shortages bite

One cold night in October, Gerel Ganbaatar decided to stay with her parents in one of Mongolia's traditional ger communities on the outskirts of the capital -- a decision which would prove fatal.

Mongolia's new 'cleaner' fuel linked to deaths, illness

India's fuel demand fell to its lowest in more than two years in September, data from the Petroleum Planning and Analysis Cell (PPAC) showed. Consumption of fuel, a proxy for oil demand, totalled 16.

India's September fuel demand slips to its lowest in over two years

The all-India general Consumer Price Index (CPI) inflation was steady at 3.21% in August 2019, compared to 3.15% in July 2019. Core CPI inflation eased to 4.20 per cent in August 2019 compared with 4.

Dexterous management of India’s fuel reserves is one of the success stories of government

Why Asia's biggest economies are backing hydrogen fuel cell cars

India's overall fuel demand will rise by more than 4% a year to 2030 as the country's improved road transport network stokes demand for gas oil, the head of oil and gas group Nayara Energy said on Tuesday.

India's fuel demand to grow at over 4% through 2030: Report

Israel said on Monday it was cutting by half the amount of fuel it supplies to Gaza's only power plant, in response to rocket attacks from the Palestinian territory.

Israel reduces Gaza fuel supply after rocket attack

India's fuel demand rose 3.3 per cent in July compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.58 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

India's fuel demand rose 3.3% in July

Iranian naval forces have seized a "foreign vessel" in the Gulf, state news agency IRNA reported Sunday, in the country's third such seizure in a month. According to Fars news agency, which is considered close to the elite Revolutionary Guards, seven foreign crew members were arrested during the operation which it said was carried out Wednesday.

Iran seizes third foreign tanker, says it was carrying ‘smuggled fuel’

Wholesale price-based inflation rose for the second consecutive month to 3.18 per cent in March on costlier food and fuel, government data released Monday showed.

WPI inflation spikes to 3.18 pc in March on costlier food, fuel

Indian Oil Corporation has resumed fuel services to Jet Airways, news agency ANI reported. The development came shortly after the public sector oil marketing firm stopped supplying fuel to the cash-starved carrier from 12 noon on Friday.

Indian Oil Corporation resumes fuel services to Jet Airways

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