demand

The U.S. is gearing up for a busy summer travel season with jet fuel production reaching its highest level since before the pandemic. Refineries are ramping up production to meet the anticipated surge in air travel as demand nears pre-pandemic levels. While jet fuel prices remain volatile and staffing shortages could cause some disruptions, the overall outlook for summer travel is positive.

The world’s oil supply is under pressure from multiple factors, including geopolitical tensions, extreme weather, and production outages. This has pushed oil prices to their highest levels in months, with…

Oil prices dropped on Tuesday as fears of interest rates staying high for longer weighed on the global economic outlook, offsetting the impact of tight supply. Brent crude futures fell…