Diesel
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Economy
IEA urges additional diesel releases ahead of key meeting
Tightening global diesel markets prompted the International Energy Agency to call on its members to accelerate previously agreed releases from strategic oil reserves, prioritising diesel. The IEA also asked member states to assess "whether additional diesel releases are necessary".
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Europe News
Von der Leyen takes on Europe’s refineries amid energy crunch
Europe wants to reduce its dependence on fossil fuels, but while it still relies heavily on oil — particularly diesel — reducing the infrastructure that processes that oil has increased vulnerability during the green transition.
Economy
Trump defers tax on red-dyed diesel for truckers as fuel costs bite
US President Donald Trump has signed an executive order deferring tax payments on red-dyed diesel used on public roads, as near-record fuel prices linked to the Iran war weigh on the Republican Party weeks before the midterm elections.
Business
Fuel prices in Italy: tax cuts end, diesel rises and hauliers threaten strikes
With tax breaks expiring and the decree on flexible excise duties delayed, diesel prices are rising again. The haulage sector warns of a strike as the government summons oil companies that have introduced initial capped prices.
Europe News
Meloni asks Brussels for fiscal leeway as energy shock squeezes Italy
Italian prime Minister Giorgia Meloni is urging the European Commission again to relax the EU's fiscal rules, saying that higher inflation due to soaring energy prices is squeezing households and businesses, according to a letter seen by Euronews.
Europe News
EU holds crisis meeting as US pressure mounts to release emergency oil
EU countries and the European Commission are holding talks on Friday that could pave the way for a new emergency oil reserves release, as pressure from Washington mounts. Energy Commissioner Dan Jørgensen told Euronews a fresh emergency release is "a possibility".
