The global oil demand must rise faster to absorb OPEC+'s hike
According to analysts, data and industry sources, the global oil demand growth must accelerate in the coming months, or else, the market may struggle to absorb a planned increase in oil production by OPEC+ starting in October. The United States and China…
Trade Slowdown Impacts Fuel Demand: Kemp
Growth in world trade is slowing as the slump in commodity prices and a faltering economy in China combine to restrict shipments of manufactured items and raw materials around the globe. World trade volumes rose by just 1.5 percent in the three months between…
EU-bound Jet Fuel Stays at Sea
Tankers anchored off Europe, extend voyage seeking buyers; outlook dim as imports to the region rise. A jet fuel market in Europe saturated by imports from Asia and the Middle East has forced sellers to keep their oil offshore on tankers or chose longer voyages as they seek out buyers.
Obama Aviation Emissions Plan Panned by Left
For two years, President Barack Obama has used his executive power to impose new rules to cut carbon emissions, targeting cars and power plants, buoying environmentalists and infuriating industry. His latest foray - regulating commercial aviation - had the opposite effect.
EPA Moves to Regulate Aircraft Emissions
The U.S. Environmental Protection Agency on Wednesday said greenhouse gases from aircraft endanger human health, taking the first step toward regulating emissions from the domestic aviation industry. The EPA's endangerment finding kicks off a process to regulate greenhouse gas emissions from the aviation industry…
Cheap Oil, Stronger Economies Driving Future Airline Profits
Falling fuel prices and stronger economic growth mean global airlines will report their strongest profit margin in more than five years in 2015, the International Air Transport Association (IATA) said. The Geneva-based association, which represents around…
Asia Airlines Hedging Big Part of Fuel Use
Top Asian airlines are hedging a substantial portion of their jet fuel usage this year, a Reuters survey showed, signaling they expect prices of the fuel to be firm and indicating sustained pressure on their profit margins. Jet fuel makes up at least 30…
