Europe is set to get its first Jet A tanker from the US next week — almost two months after aviation authorities loosened the region’s jet fuel specifications in an attempt to avoid airline shortages this summer. The shipment was arranged well before a long-awaited US-Iran peace deal that could reopen the Strait of Hormuz...Read More

China’s refined oil product exports in May dropped by 23.6 per cent from the same period last year, customs data showed on Thursday, curbed by fuel export restrictions that came into effect in mid-March. The refined oil exports, which include diesel, gasoline, aviation fuel and marine fuel, totalled 3.37 million tonnes in May, according to...Read More

Synopsis India will allow the import of 3.78 lakh conventional-engine passenger cars from the UK at lower customs duties under the India-UK trade agreement. The pact also opens export opportunities for Indian automakers in the UK’s electric and hybrid vehicle market. India has agreed to allow the import of 3.78 lakh conventional-engine...Read More

“The reference to deemed exports is important, because traditionally that would apply to source code, technology, or technical knowledge being transferred,” he said. “In this case, the thing crossing borders is not necessarily the model itself, but it is access to the capability. That is a significant shift, and signals the real intent behind the...Read More