Crude oil price dips further on China demand, surging U.S. output
Oil prices reversed earlier gains on Friday and fell as surging U.S. output as well as signs of weakening demand in China weighed on markets, even though supply woes in Venezuela and OPEC’s ongoing production cuts offered crude some support….
High airfares due to rising oil price may upturn projected global boom in travels
The projected rise in global air travels this year has come under serious threat by high cost of Aviation fuel, Jet A1, occasioned by high crude oil price. It would be recalled that commercial airlines netted $34.5b which amounts to…
