Business

Sustainable Aviation Fuel (SAF) production is critically low, meeting only 0.8% of demand by 2026, IATA reports. Airlines face a $4.3 billion SAF bill this year, with insufficient policy support hindering progress. Experts warn unrealistic mandates, especially for e-SAF, could inflate prices and divert resources from actual emission reductions.

OPEC+ agreed to a fourth consecutive oil production target increase of 188,000 barrels per day from July, despite ongoing US-Iran conflict disruptions. This decision comes as major Gulf producers struggle to meet demand due to export issues through the Strait of Hormuz.