French Finance Minister Bruno Le Maire said he wanted French oil giant TotalEnergies to maintain beyond Dec. 31 a cap on fuel prices, adding his priority was to accelerate the fight against inflation.

Carmaker Stellantis believes internal combustion engine (ICE) vehicles could be on the road until 2050, making it necessary to contain their carbon emissions until they're finally replaced by fully electric ones.

California will target 50pc tougher transportation fuel carbon targets by the end of the decade, impose new obligations for intrastate jet fuel and reduce the use of one of the top credit-producing fuels under changes to state regulations that could be adopted…

Russia's domestic fuel shortage should ease somewhat soon as repairs works are nearing completion at a few oil refineries, which will provide more gasoline, Russia's news agencies cited Energy Ministry Nikolai Shulginov, as saying on Monday.

Russian President Vladimir Putin said in comments on Tuesday about high domestic fuel prices that the government had failed to react in time to the rising price of oil on global markets.

The Russian government is considering a complete ban on the export of oil products for a certain period of time in order to stabilise domestic fuel prices, the TASS news agency reported, citing a source.

Russia's government is considering imposing export duties on all types of oil products of $250 per metric ton - much higher than current fees - from Oct. 1 until June 2024 to tackle fuel shortages, sources told Reuters on Tuesday.