The Morning Briefing: Fuel, strikes, stocks, fares

"The Morning Briefing" is SmartPlanet's daily roundup of must-reads from the web. This morning we're reading about fuel sources and pricing.

"The Morning Briefing" is SmartPlanet's daily roundup of must-reads from the web. This morning we're reading about fuel sources and pricing.

1.) China may let oil refiners set fuel prices. China will let oil companies set fuel prices according to government-guided rates, the official Xinhua News Agency Sinopec reported. Some companies will be allowed to adjust gasoline and diesel prices based on a pricing mechanism, which sets government-guided rates.

2.) Travelers should brace for steeper airfares due to increased fuel costs. Holidaymakers planning a getaway in the next few months should expect higher airfares, industry experts warned this week, but airlines passing on higher fuel costs may be just the tip of the iceberg.

3.) Ford's fuel-saving innovations spur more jobs? Manufacturer Ford doubled the size of vehicle development teams focused on fuel-saving technologies globally versus five years ago; dozens of additional engineers to be hired this year.

4.) Cameron denounces U.K. fuel strike. There is no justification for U.K. fuel-tanker drivers to carry out a strike which could cause a "large amount of damage", but drivers would be sensible to top up their tanks if the stoppage looks likely, Prime Minister David Cameron said Wednesday.

5.) Fuel tanker strike: 'Government has turned concern into crisis'. Petrol sales have soared by 45 percent as motorists queued to fill up at forecourts after the coalition government was accused of sparking "panic buying" amid concern of a strike by fuel tanker delivery drivers.

Bonus: Asia Fuel Oil-Steady, demand still slow.

Bonus: Should Indonesia raise fuel prices?

Image credit: Michael Gil

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This post was originally published on Smartplanet.com