South Korea’s inflation rose to a 26-month high in May, reaching 3.1 per cent year-on-year. The increase was driven mainly by higher fuel costs amid volatility in global energy markets, according to Statistics Korea.
Emirates confirmed it stands ready to launch daily services to Berlin and Stuttgart, committing more than €100 million ($116 million) each year in operational expenses, staff, airport charges, fuel and other expenditures, subject to the approval of the German Federal Ministry of Transport.
Saudi Arabia and Yemen have signed a $150 million agreement to supply fuel for power plants across multiple Yemeni governorates, strengthening electricity services and supporting energy stability under the Saudi Development and Reconstruction Programme for Yemen (SDRPY).
Britain introduced temporary measures allowing airlines to combine passengers onto fewer flights to cut jet fuel use, as concerns grow over potential shortages driven by supply disruptions and geopolitical tensions affecting Middle East supplies.
Bahrain's Fuel Pricing and Monitoring Committee has announced fuel prices for the local market for May, in line with the approved pricing mechanism and reflecting global market changes.
Benchmark Mineral Intelligence reported 1.60 million global EV sales in April 2026, up 6 per cent year-on-year but down 9 per cent month-on-month, driven by policy support, high petrol prices and Chinese OEM growth.
German Airports Association warned rising kerosene prices and supply shortages could trigger millions of flight cancellations, higher fares, reduced airport capacity, and fewer routes, with up to 20 million passengers potentially affected in 2026.
The UAE Fuel Price Committee announced May 2026 fuel prices, keeping diesel unchanged to support logistics and supply chains, while petrol saw minor adjustments reflecting global trends under a flexible, transparent monthly pricing system ensuring market stability.
Subsidised fuel prices in Indonesia will remain unchanged through the end of 2026, Energy and Mineral Resources Minister Bahlil Lahadalia said.
The total production of refineries in Oman recorded an increase of 11.1 per cent by the end of February 2026 compared to the same period in 2025.
