European airlines cancel flights
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European airlines cancel flights

The aircraft fuel crisis, caused by the closure of the Strait of Ormuz, forces major European airlines to cut flights and freeze aircraft, amid tightness in the offer, notes Politico. International Energy Agency chief Fatih Birol told the AP Thursday that the continent has «aircraft fuel stocks perhaps for [...]

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Why don't fuel prices fall - Which areas have the most expensive petrol
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Why don't fuel prices drop – which areas have the most expensive petrol

The Israeli and Lebanese ceasefire agreement has led to a retreat of international oil prices, but uncertainty over the duration of the truce and the final outcome of the talks, along with Iran's threat of remaining «with his finger on the trigger if Israel violates the truce», do not help markets return to pre-war [...]

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The U.S. spends, China produces and Europe... thinks
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The U.S. spends, China produces and Europe... thinks

Loading Text-to-Speech... About four decades ago the five largest economies of the then western world, the US, Japan, Germany, France and the United Kingdom, co-signed to the New York Hotel of the same name his agreement «Plaza». The basic idea was that the dollar was very strong, American exports had become expensive, with [...]

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