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.

Russian Energy Minister Nikolai Shulginov said on Thursday that the ban on fuel exports will not be lifted soon and will remain in place until the domestic market stabilises, TASS news agency reported.

Russia has not discussed with the OPEC+ group of leading oil producers a possible crude oil supply increase to compensate for Russia's fuel exports ban, the Kremlin said on Thursday.

Japan's government is set to decide to extend gasoline, natural gas and power subsidies to the end of March that were set to expire at the end of 2023, five government and ruling party sources with knowledge of the matter said this week.