The price of petrol at the pump in Walvis Bay will go up by 2.5 Namibia dollars (about 0.16 U.S. dollars) per liter to 20.40 Namibia dollars and the price of diesel will surge 1.5 Namibia dollars to hit 21.43 Namibia dollars a liter as of June 1, the Ministry of Mines and Energy (...
A cashier works at a supermarket in Athens, Greece, on June 21, 2022. Greek Prime Minister Kyriakos Mitsotakis announced on Tuesday the extension of a subsidy for fuel consumption for the next three months, to ease the burden on budgets of households and businesses amid the ongoing international...
From March 17, 2022 to September 6, 2022, the price of Alaska North Slope crude (ANS) continuously exceeded $98.00 per barrel. On June 8, 2022, ANS prices reached a peak of $127.77. While not a perfect analogue, high crude oil prices largely reflect higher consumer prices for heating f...
The price of crude oil and jet fuel steadily increased over the course of 2021 and reached new highs in early 2022. As of June 27, 2022, a barrel of West Texas Intermediate (WTI) crude oil is hovering around $111, up by about 135 percent sinc...
Jet fuel Airlines Fuel price risk Fuel hedging 1. Introduction The total number of travelers has more than doubled since deregulation of the U.S. airline industry in 1978. However, airlines are still having a difficult time staying profitable. Due to competition, the price premium that airlines...
The government believes that the present high price of non-renewable fossil-fuel energy is a temporary phenomenon. The Organization of the Petroleum Exporting Countries has been unable to control the price of oil as demand continues to surge and global productive capacity, despite enormous efforts ...
In June 2022, Chevron Oronite Company LLC acquired Renewable Energy Group (REG), a leading producer of renewable fuels. This acquisition strengthens Chevron's position in the renewable fuel additives market, supporting its energy transition strategy. In March 2022, Afton Chemical Corporation completed ...
It is expected ENEOS will raise its fuel oil C prices for the April-June 2022 quarter at 33-36% higher than the previous quarter. In the initial offer, in reflection of crude oil price hikes and weak yen, the company set high sulfur fuel oil C (Sulfur: 3%, payment: net 60 days, ...
He said: “Low maize prices were cushioning consumers from the high cost of living. Majority of Malawians have no access to reliable incomes and the price increases would make it even difficult.” Last week, the International Monetary Fund projected Malawi’s inflation to average 9.5 percent in...
conducted with Chinese industry experts, university professors, and producers in China. Economic models and quantitative methods are applied in this report to project market demand and industry trends. Metric system is used and values are presented in either Yuan (RMB, current price) and/or US ...