US jet fuel supplies are well short of the Hormuz supply gap The US is a major consumer of jet fuel and often requires imports Higher imports could raise US jet fuel prices NEW YORK, April 1 (Reuters) – President Donald Trump this week told countries that are struggling to get jet fuel because of … Read more
Travelers planning summer vacations face a tough decision as global oil supply disruptions, caused by conflicts in the Middle East, have pushed up jet fuel prices leading to higher airfares being passed on to passengers. ADVERTISING ADVERTISING According to the latest analysis of the International Transport Organization, the price of world jet fuel stood at … Read more
American airlines that have been smarting from airport security lines are about to be shocked again. Subscribe to read this story without ads Get ad-free articles and exclusive content. A global jet fuel shortage is expected to drive up air travel costs and reduce flight times, as airlines look to cut rising prices. On Monday, … Read more
LAUNCESTON, Australia, March 30 (Reuters) – A month after the US and Israel attacked Iran, the global market for the supply of crude oil, refined products and liquefied natural gas is now at its second worst. Everything depends on the Strait of Hormuz. This chokepoint, which typically accounts for 20% of the world’s crude, products … Read more