Global oil inventories headed to lowest level in decades, U.S. EIA warns
Descrease article font size Increase article font size The war in the Middle East, which has shut down…
Goldman Sachs Warns of Key Fuel Shortages As Hormuz Disruption Hit Oil
The war in Iran has triggered a global scramble for oil as disruptions in the Strait of Hormuz…
South Korea introduces relief payments amid oil crisis
South Korea has added relief payments to its sweep of measures to tackle the ongoing oil crisis as…
WestJet cuts flight capacity due to jet fuel costs, following Air Canada’s lead
WestJet says it is cutting flight capacity as the war in Iran causes the price of aviation fuel…
Air Canada Scraps Key U.S. Routes Amid High Fuel Prices
Air Canada has announced the suspension of several key routes, including major U.S. connections, after jet fuel prices…
Europe Faces Summer Jet Fuel Crisis as Iran War Slashes Supply
Accelerated refinery closures in the past decade and increased dependence on kerosene from the Middle East have exposed…
Why you should cancel your holiday to save British business
The alarm bell on a jet fuel crisis is now firmly being rung. The Airports Council International has…
Europe’s Jet Fuel Shortage Arriving in Weeks
Europe could face a jet fuel shortage within three weeks if flows through the Strait of Hormuz remain…
Fuel Shock Forces Airlines Into Emergency Mode
Soaring jet fuel prices have hit the profitability of airlines, who have started raising air fares and grounding…
Should you book holiday flights now considering jet fuel price spikes?
Tourists planning summer holidays face a difficult decision as the disruptions to global oil supplies, caused by the…
Global fuel crisis: Australians urged to work from home by Energy Minister Chris Bowen
Australians are being urged to work from home where possible to ease demand for fuel as the government…
IEA Urges Working From Home and Cutting Air Travel to Ease Oil Supply Shock
Amid the biggest oil supply shock in history, the International Energy Agency (IEA) on Friday called on governments…