Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Air turbulence on Monday when crude oil price spiked. Now at cruising speed and hot drinks can be served whilst awaiting the strategic petroleum reserves crude oil to be released. If Strait of Hormuz remains shut, we will be entering severe air turbulence again.
High crude oil prices can be mitigated via fuel surcharges but hard to envision margin expansion this year. Main problem will be fears of a deep travel slump and the potential for the widespread grounding of planes.
Even ASEAN/ASIA travel will be expensive with the fuel surcharges etc. Travel by car and bus :-) Most people might not have the spare cash to travel in light of inflation and fear of flight disruptions etc. Business travel will also be curtailed to an absolute to need basis.
OMG!! This counter just finish the company restructure and the last year just do the right issue of share, so fast going to bankrupt and go PN17 again!!
The Trump administration is considering paying up to $1 billion to stop wind farms from being built off New York State and North Carolina, the New York Times reported on Tuesday, citing documents it reviewed.
According to the report, senior US administration officials are preparing an agreement to pay more than $928 million to the French energy company TotalEnergies SE, which is in charge of the two wind farm projects, known as Attentive Energy and Carolina Long Bay. The US Interior Department
European Commission President Ursula von der Leyen and European Council President Antonio Costa issued a joint statement on Tuesday amid a dispute over the Druzhba pipeline, which supplies Russian oil via Ukraine to European states, including Hungary and Slovakia. They said that the European Union has offered technical support and funding for pipeline repairs and that Ukraine has "welcomed and accepted" the offer. They noted that European experts are available immediately.