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Canada retools inflation baskets, more focus on food, gas prices

Canada's national statistics agency revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline.

India oil firms could consider cutting petrol, diesel prices in next quarter

Indian fuel retailers could consider cutting petrol and diesel prices in the next quarter if the global situation remains stable, its oil minister Hardeep Singh Puri told broadcaster NDTV.

Angola fuel hike protesters clash with police

Angolan police fired tear gas in the capital Luanda and other cities Benguela and Namibe as thousands of protesters took to the streets a week after clashes over a recent fuel hike killed at least five people.

Former F1 boss racing to create ‘guilt free’ fuel

Formula One is seen as one of the most gas guzzling of sports but one top engineer and former F1 team boss Paddy Lowe is seeking to change this with the launch of a so-called guilt-free synthetic fuel.

Russia can meet domestic gasoline demand, energy minister says

Russia's energy minister Nikolai Shulginov said that there was enough gasoline to meet Russian domestic demand, downplaying the possibility of restrictions on exporting the fuel.

Bunge boosts oilseed dominance, renewable diesel potential with Viterra deal

Bunge's planned acquisition of Viterra would make the world's biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles.

U.S. crude inventories post surprise large build, fuel stocks rise

U.S. crude oil stockpiles posted a surprise large build last week, while gasoline and distillate inventories gained more than expected.

Global distillate stocks low despite industrial slowdown

Global distillate fuel oil cracks have strengthened slightly over the last month as inventories have not risen as much as expected given the scale of the manufacturing and freight downturn across the major economies.

Fuel subsidy removal to save Nigeria 'from going under', president says

Nigeria's new President Bola Tinubu said his decision to remove a popular petrol subsidy would impose an extra burden on citizens but this would free up money for education, regular power supply, transport infrastructure and healthcare.

Poland to take 2035 fossil fuel car ban to top EU court

Poland will appeal against European Union rules to end the sale of fossil fuel cars across the bloc from 2035 to the top EU court within days.