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Oil, Fuel Prices and Shipping Newsletter
  • Despite what Trump says, Russian oil imports to India can’t be wished away after US trade deal 06 Feb 2026 11:50 GMT

    … per barrel”.   Venezuela oil possible, but constrained Alongside … positioned to refine Venezuelan oil than many global peers. … the economics of Venezuelan oil would remain challenging because … need to be priced much lower to offset shipping costs. “Venezuelan …

  • The delicate dilemma of declining maize prices 06 Feb 2026 05:48 GMT

    … also increased fuel pump prices of petrol and diesel by an … with rising costs of cooking oil, sugar, transport, rent, … November, reflecting easing maize prices, according to National … water electricity rentals, relish, transport cost of farm inputs, are …

  • The real cost of over-packaging 05 Feb 2026 16:43 GMT

    Products arrive wrapped in layers of cardboard, plastic and filler that far exceed what is needed to protect them. Over-packaging has become so familiar that it is often accepted as the price of safe delivery. Yet behind the excess lies a web of hidden …

  • Carrot & Slick: India readies to hike US oil buys 05 Feb 2026 02:31 GMT

    … wide enough to offset shipping costs. Following Prime Minister Narendra … s leading supplier of oil and gas. Foreign secretary Vikram … also diversified liquefied petroleum gas (LPG) sourcing, moving … keeping global balances and prices stable, the person said. …

  • Can India switch from Russian to Venezuelan oil, as Trump wants? 04 Feb 2026 15:52 GMT

    … Other players like Indian Oil Corporation (IOC), Bharat … sharply push up energy prices and fuel inflation. “The world … the government-owned Oil and Natural Gas Corporation are still … a costly affair for India,” said Pokharna. “From transportation cost to …

  • KazTransOil Raises Crude Oil Export, Transit Rates 04 Feb 2026 00:17 GMT

    KazTransOil has approved new tariffs for crude oil export and transit services, following Orders No. 7 and No. 8 signed by the company’s general director on January 30, 2026. The updated tariffs will come into force on March 1, 2026, The Caspian Post …

  • Minister Gwede Mantashe announces adjustment of fuel prices effective from 4 February 2026 03 Feb 2026 16:16 GMT

    … g., shipping costs. The main reasons for the fuel price adjustments … : Crude oil prices The average Brent Crude oil price increased … to the Basic Fuel Prices of petrol, diesel and illuminating … to the Basic Fuel Prices of petrol, diesel and Illuminating …

  • Modi Appears to Cave to Trump, Agrees to Buy Venezuela Oil in Place of Russia’s, End Tariffs on US Agriculture 03 Feb 2026 12:52 GMT

    … for India halting Russian oil purchases, lowering trade barriers … takeover of the Venezuelan oil industry, commodities trading firms … crude oil is now being sold at far higher prices … shorter transit times and lower shipping costs. India had repeatedly, …

  • Understanding gas tax hikes — and how your state is affected 03 Feb 2026 12:40 GMT

    … state gasoline tax reaches 49.1 cents per gallon. Diesel taxes … As a result, the gas tax increase is suspended, … excise tax with a price-based component. Many tie … drivers, influencing shipping costs, retail prices, and household budgets. Fuel taxes may be …

  • Gas prices falling 03 Feb 2026 11:51 GMT

    Citizens will pay less for natural gas. The tariff is reduced by 2.15 lei, so that one cubic meter of gas will cost 13.35 lei, excluding VAT, compared to the current price of 15.50 lei. National Agency for Energy Regulation (ANRE) approved the decision …

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