Global air cargo spot rates have continued to surge going into the second half of October, reaching $3.8 per kg, as ongoing tensions in the Middle East continued to constrain regional capacity and elevated fuel costs added to pressure on the market ahead of the peak fourth-quarter shipping season, according to WorldACD Market Data.
Honeywell has introduced a new technology that converts agricultural and forestry waste into ready-to-use renewable fuels for hard-to-abate sectors, such as the maritime industry.
The US is on track to export a record amount of fuel ethanol for the second year in a row in 2025, driven by growing international demand. This growing market for exports is supporting increased US fuel ethanol production, even as domestic consumption stagnates, according to US Energy Information Administration (EIA) report.
Prices of fuels and lubricants for personal transport in the European Union (EU) rose by 31.4 per cent year-on-year in September 2026, accelerating from increases of 16.9 per cent in July and 23.8 per cent in August, according to figures published by Eurostat, the EU’s statistical office.
Bahrain has launched the largest financial and tax reform package in its history to address a soaring $50 billion public debt, said media reports. The key fiscal reforms plan includes raising fuel and natural gas prices and bringing changes to corporate income tax and spending cuts.
