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U.S. diesel prices reached record highs above $6.50 per gallon amid global refining capacity constraints, with supply disruptions from the Middle East and Russia creating acute shortages worldwide.
Hyundai’s CEO warns that without high tariffs and trade barriers, Chinese EV makers could capture significant US market share, citing their competitive pricing and strong performance in less-protected markets.
The U.S. enacted a sanctions law allowing tariffs up to 100% on major Russian oil importers. India, the second-largest buyer of Russian crude, faces potential trade consequences amid bilateral negotiations.
Qatar’s LNG capacity disruption from recent strikes has prompted global energy buyers to pursue alternative gas supply projects, with deals valued at approximately $60 billion announced at a regional energy conference.
Saudi Arabia’s Ceer Motors unveiled two new EXOBOT electric vehicles, part of a planned seven-vehicle rollout over five years as the kingdom builds a domestic EV manufacturing base.
Norwegian maritime technology companies are exploring opportunities to bring electric and hybrid ferry solutions to the Philippines, following increased industry engagement and a recent study visit by Philippine officials.
