Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record prices
Days after Donald Trump announced a deal to import Russian diesel into the US in an effort to lower soaring pump prices, the world’s energy watchdog has warned that the global fuel shortage will drag into 2027.
Trump’s temporary sanctions reprieve was criticised for offering “too little, too late” to temper the sky high pump prices triggered by the shutdown of war-damaged refineries in the Middle East and Russia – once the world’s second-largest diesel exporter behind the US.
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© Photograph: Martin Meissner/AP
© Photograph: Martin Meissner/AP
© Photograph: Martin Meissner/AP
Launch of Russian ballistic missiles on Ukraine, with no US warning, coincides with outage of Starlink managed by Musk’s SpaceX
Ukraine’s military has suddenly had its access to Starlink satellite internet terminals restricted as the Trump administration has increased pressure on Ukraine to halt long-range strikes on Russia’s oil industry immediately.
The terminals, which are produced by Elon Musk’s SpaceX but managed by the US government, are a key component of Ukraine’s military operations and the sudden restrictions on the terminals travelling at high speeds on Tuesday evening led to the failure of several combat missions, said an adviser on military technology to Ukraine’s president, Volodymyr Zelenskyy.
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© Photograph: Reuters
© Photograph: Reuters
© Photograph: Reuters
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