Comments: Oil prices rose after Trump’s speech, with Brent rising to $110 a barrel after briefly falling to $99 on Wednesday on hopes that he will soon make a deal with Iran. Stocks fell overnight in Asia and Europe, and opened higher in early trading in New York on Thursday. Stocks later rallied and ended … Read more
US jet fuel supplies are well short of the Hormuz supply gap The US is a major consumer of jet fuel and often requires imports Higher imports could raise US jet fuel prices NEW YORK, April 1 (Reuters) – President Donald Trump this week told countries that are struggling to get jet fuel because of … Read more
YesA power shake-up doesn’t just raise our electricity bills – it can revolutionize how our economy works. The UK responded to the energy crisis of the 1970s by modernizing its energy system and doubling down on its North Sea oil extraction. Investment poured in and the UK became an energy importer. When energy security is … Read more
Travelers planning summer vacations face a tough decision as global oil supply disruptions, caused by conflicts in the Middle East, have pushed up jet fuel prices leading to higher airfares being passed on to passengers. ADVERTISING ADVERTISING According to the latest analysis of the International Transport Organization, the price of world jet fuel stood at … Read more
American airlines that have been smarting from airport security lines are about to be shocked again. Subscribe to read this story without ads Get ad-free articles and exclusive content. A global jet fuel shortage is expected to drive up air travel costs and reduce flight times, as airlines look to cut rising prices. On Monday, … Read more