The aviation crisis starting to grip Asia is threatening to intensify and spread to Europe and beyond, as energy turmoil caused by the Iran war collides with seasonal travel demand.
The aviation crisis starting to grip Asia is threatening to intensify and spread to Europe and beyond, as energy turmoil caused by the Iran war collides with seasonal travel demand.
International travelers queue up for check in at the Ninoy Aquino International Airport, in Manila. Photographer: Daniel Ceng/Getty Images
Russia’s top oil port in the Baltic Sea resumed loading days after it came under attack from Ukrainian drones, although the company that pipes crude there said it is trying to divert barrels elsewhere because of the incidents.
Russia’s top oil port in the Baltic Sea resumed loading days after it came under attack from Ukrainian drones, although the company that pipes crude there said it is trying to divert barrels elsewhere because of the incidents.
The International Energy Agency agreed to discharge 400 million barrels from emergency oil reserves, its largest-ever release, as governments seek to contain a price spike driven by the Middle East war.
The International Energy Agency agreed to discharge 400 million barrels from emergency oil reserves, its largest-ever release, as governments seek to contain a price spike driven by the Middle East war.
Asian energy buyers, eager to secure supplies as the Middle East war enters its second week, are outbidding rivals to lure fuel shipments that were headed to other regions.
Asian energy buyers, eager to secure supplies as the Middle East war enters its second week, are outbidding rivals to lure fuel shipments that were headed to other regions.
The Brest tanker was originally bound for Rotterdam.
Oil producers across the Middle East face a tense countdown as the Iran war blocks the region’s main export artery, filling the countries’ storage tanks and threatening output cuts if the situation persists.
Oil producers across the Middle East face a tense countdown as the Iran war blocks the region’s main export artery, filling the countries’ storage tanks and threatening output cuts if the situation persists.
Diesel prices across the globe surged to multi-year highs as the war on Iran expanded across the Middle East, pressuring markets already grappling with low supplies and adding to the burden on consumers.
Diesel prices across the globe surged to multi-year highs as the war on Iran expanded across the Middle East, pressuring markets already grappling with low supplies and adding to the burden on consumers.
Technology developer Syzygy Plasmonics made a series of preliminary deals aimed at building out production of low-emission jet fuel across the Americas.
Technology developer Syzygy Plasmonics made a series of preliminary deals aimed at building out production of low-emission jet fuel across the Americas.
Technology developer Syzygy Plasmonics made a series of preliminary deals aimed at building out production of low-emission jet fuel across the Americas.
Technology developer Syzygy Plasmonics made a series of preliminary deals aimed at building out production of low-emission jet fuel across the Americas.
Oil rallied as traders braced for any escalation to US-Iran tensions heading into the weekend after President Donald Trump signaled he was “not happy” with negotiations aimed at averting an imminent US attack.
Oil rallied as traders braced for any escalation to US-Iran tensions heading into the weekend after President Donald Trump signaled he was “not happy” with negotiations aimed at averting an imminent US attack.
Liberty Lift Solutions LLC pumpjacks near Crane, Texas, US, on Saturday, March 15, 2025. The Permian Basin, a sprawling shale patch that lies beneath Texas and New Mexico, is North America's most prolific shale patch. Photographer: Justin Hamel/Bloomberg
A tanker carrying diesel from India has moored in Europe’s largest port, a notable arrival after some traders had expressed caution about falling foul of new sanctions on buying fuel made from Russian crude.
A tanker carrying diesel from India has moored in Europe’s largest port, a notable arrival after some traders had expressed caution about falling foul of new sanctions on buying fuel made from Russian crude.
Oil held near a six-month high after US President Donald Trump said he’s mulling a limited military strike on Iran and forces gather in the Middle East, warning Tehran had 15 days at most to reach a deal over its nuclear program.
Oil held near a six-month high after US President Donald Trump said he’s mulling a limited military strike on Iran and forces gather in the Middle East, warning Tehran had 15 days at most to reach a deal over its nuclear program.
A pump jack near Imperial, Texas, US, on Sunday, Aug. 24, 2025. The problem of too much wastewater is spreading across America’s biggest oil field, posing a pressing threat to a basin that has grown into a cornerstone of global markets and is critical to President Donald Trump’s push for energy dominance. Photographer: Mark Felix/Bloomberg
Commodity trader Alkagesta will start delivering aviation fuel through one of Europe’s most important energy pipeline networks as part of a supply agreement.
Commodity trader Alkagesta will start delivering aviation fuel through one of Europe’s most important energy pipeline networks as part of a supply agreement.
Traders are shipping Venezuelan oil to Israel for the first time in years as the Latin American country’s exports open up following the capture of its president Nicolas Maduro.
Traders are shipping Venezuelan oil to Israel for the first time in years as the Latin American country’s exports open up following the capture of its president Nicolas Maduro.
This view shows a ship on Lake Maracaibo in Maracaibo, Venezuela, on Feb. 1, 2026. Photographer: Maryorin Mendez/AFP/Getty Images
US diesel futures are surging ahead of benchmark European contracts as a winter storm, followed by continued frigid temperatures, piles pressure on the country’s fuel market.
US diesel futures are surging ahead of benchmark European contracts as a winter storm, followed by continued frigid temperatures, piles pressure on the country’s fuel market.
A gas flare at the ExxonMobil Corp. Baytown refinery in Baytown, Texas on Jan. 26.
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