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Asia PacificHong Kong, Singapore to start long-delayed travel bubble next month ReutersFarah MasterChen Lin 4 minutes read A view of a courtyard of the short-stay facility Connect@Changi, a complex of hotel rooms and meeting halls near the airport which will welcome business bubble travellers from March, as part of the city-state s effort to resume international meetings and conferences amid the coronavirus disease (COVID-19) outbreak, in Singapore February 22, 2021. REUTERS/Edgar Su A long delayed travel bubble between Hong Kong and Singapore will begin on May 26, the two cities said on Monday, as they moved to re-establish overseas travel links and lift the hurdle of quarantine for visiting foreigners. ....
EnergyColumn: Rangebound oil prices leave funds on sidelines: Kemp John Kemp 3 minutes read Portfolio managers increased their exposure to petroleum slightly last week, focusing mainly on Brent, but positions remained rangebound as OPEC+ production discipline was offset by a new wave of coronavirus infections. Hedge funds and other money managers bought the equivalent of 14 million barrels in the six most important petroleum futures and options contracts in the week ending April 20. (https://tmsnrt.rs/2QzX1Tl) The combined positions across all six contracts rose to a three-week high of 832 million barrels, according to records published by ICE Futures Europe and the U.S. Commodity Futures Trading Commission. ....
Road fuels lead global oil demand recovery in 2021; jet fuel still feels the hangover April 17, 2021 OSLO Rystad Energy’s comprehensive COVID-19 monthly report calculates the effect of the pandemic on our lives and offers updated estimates for global energy markets. By monitoring recent developments, travel restrictions, quarantine obligations and new government policies, we are able to make frequent fact-based updates to our estimates. Below are some of our forecasts from the April 2021 edition of the report, published on April 15. Please note that some historical numbers may differ from month to month as governments revise their official figures. Global oil demand: ....
Russia s Su-57 Stealth Fighter Is Now For Sale The Su-57 project will occupy a sizable chunk of Russian defense spending. The Kremlin is keen to offset as much of these costs as possible through a series of high-profile export contracts. Less than half a year following the introduction of the Su-57 stealth fighter jet, Russia is stepping up its efforts to sell foreign customers on its flagship fifth-generation multirole aircraft. Russia’s defense ministry reportedly received its first serial Su-57 unit in December 2020, with four more to follow over the course of 2021. These initial fighter jets will be powered by the stopgap AL-41F1 engine; Su-57’s with the bespoke, more powerful Izdeliye 30 engine will begin to ship in 2022. ....
When you are outside do you ever take the time to pause and look up into the sky? If you have, and it is clear to at least partly cloudy, you have likely at some time or another seen white streaks which are trailing a hardly discernible spec. Of course, the spec is a high flying jet and the white streaks are its contrails. A little internet searching reveals that a plane creates contrails when water vapor quickly condenses around soot from the plane s exhaust and freezes. If you are a frequent sky watcher, you have probably noticed that contrails do not always accompany jets. Sometimes they stretch from horizon to horizon and last for hours while at other times they will trail the jet for a short distance before dissipating after only a few minutes. ....