Jet Fuel News
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Updated 5 minutes ago
The following table shows the amount of jet-fuel consumption hedged by European airlines to guard against price fluctuations.
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Updated 39 minutes ago
Japanese biotech ventures promising to make jet fuel from algae and to produce synthetic cartilage are soaring in Tokyo trading as cash pumped into the economy by the central bank cascades into speculative investments.
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Gasoline in Los Angeles on the spot market weakened for a seventh day while jet fuel in the city strengthened as the main producer shut a crude unit yesterday.
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Gol Linhas Aereas Inteligentes SA, Brazil’s biggest airline, is counting on routes outside the country to boost revenue as it exhausts possible cost savings after eliminating jobs, flights and planes.
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Royal Dutch Shell Plc may export U.S. natural gas in liquid form, convert it into chemicals or build a gas-to-liquids plant to produce fuel, said the company’s country chairman for Dubai and the northern emirates.
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LanzaTech NZ Ltd., a closely held developer of transport fuels and chemicals from waste gases, plans to start raising $60 million to $80 million from venture capital and strategic investors this year to develop technology.
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Two weeks after Royal Dutch Shell Plc and Platts changed the way more than half of the world’s crude is valued, the companies along with BP Plc and Statoil ASA are being probed by European antitrust regulators about potential manipulation of oil prices.
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Midwest gasoline extended its gain for a second day, rallying to the highest level versus futures since 2008, as a delay on Explorer Pipeline Co.’s line spurred concern that supplies will fall further in the region.
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Oil demand in Africa will climb at a faster pace than most of the world in the next five years because of rising transport and power-generation needs, a report by the IEA showed.
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Air India Ltd., the state-run carrier that resumes Boeing Co. 787 commercial flights tomorrow, plans to take delivery of eight more of the fuel-efficient planes by December as it seeks to pare losses.
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