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The World's Flying Again and Jets Are Burning Fuel Like It's 2019

(Bloomberg) Coming any minute now to a sky near you: a plane packed with people going on vacation, leaving wispy white contrails in its wake and memories of Covid-19 that seem like a bad dream.Most Read from BloombergRussia Is Sending Young Africans to Die in Its War Against UkraineMacron and Scholz Get Trounced by Far Right in EU ElectionsPutin Is Running Out of Time to Achieve Breakthrough in UkraineScholz’s SPD Suffers Record Rout in Germany’s EU VoteThere’s Still a Way to Snag a 3% Mortga ....

Singapore , China , United-states , Changi , Singapore-general , Dubai , Dubayy , United-arab-emirates , America , Jeffrey-barron , Daan-struyven , Eugene-lindell

Jet planes are burning fuel like it's 2019 as the world resumes flying after Covid-19

In the third quarter, 10.5 million flights are scheduled to criss-cross the skies, according to industry data compiled by BloombergNEF ....

Singapore , United-states , Dubai , Dubayy , United-arab-emirates , Changi , Singapore-general , China , America , Simon-warren , Daan-struyven , Jeffrey-barron

Why OPEC+ Failed To Put $80 Floor Under Oil Prices

The key disappointment for the markets was the plan to start unwinding some of the extra voluntary production cuts as early as October this year ....

Warren-patterson , Ryan-mckay , Daan-struyven , Mukesh-sahdev , Tsvetana-paraskova , Ewa-manthey , Helima-croft , Bloomberg , Reuters , Rystad-energy , Goldman-sachs , Occidental-joins-berkshire-in-new-lithium

Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, 'Bearish' OPEC+ Meeting

Crude oil prices declined for the fifth consecutive session on Tuesday, with West Texas Intermediate (WTI) light crude, tracked by the United States Oil Fund (NYSE:USO), closing at $73.32. This marks the lowest level since Feb. 7, 2024. The recent decline in oil prices is primarily due to increasing concerns about economic growth and an OPEC+ decision on supply that was less restrictive than anticipated. The U.S. has reported a series of weaker-than-expected economic data over the past week, rai ....

Chicago , Illinois , United-states , Texas , Daan-struyven , Goldman-sachs , Oil-prices-drop , United-states-oil-fund , Energy-select-sector , West-texas-intermediate , Efforts-insufficient , Bolster-crude

Oil Prices Drop For Fifth Straight Session, Hit 4-Month Low On Growth Concerns, 'Bearish' OPEC+ Meeting

Crude oil prices declined for the fifth consecutive session on Tuesday, with West Texas Intermediate (WTI) light crude, tracked by the United States Oil Fund (NYSE:USO), closing at $73.32. This marks the lowest level since Feb. 7, 2024. The recent decline in oil prices is primarily due to increasing concerns about economic growth and an OPEC+ decision on supply that was less restrictive than anticipated. The U.S. has reported a series of weaker-than-expected economic data over the past week, rai ....

Texas , United-states , Chicago , Illinois , Daan-struyven , Goldman-sachs , United-states-oil-fund , Energy-select-sector , Oil-prices-drop , West-texas-intermediate , Efforts-insufficient , Bolster-crude