With crude prices at around $130 a barrel, the International Air Transport Association says the estimated total fuel bill for the world's airlines in 2008 is about $176 billion, a 30% increase from 2007. Christopher Hinton reports. (June 2)
With crude prices at around $130 a barrel, the International Air Transport Association says the estimated total fuel bill for the world's airlines in 2008 is about $176 billion, a 30% increase from...
Despite the chaotic debut of London Heathrow's Terminal 5 and record fuel costs -- British Airways has still produced a big leap in profits. Annual pretax profit is up 45 percent to 883 million...
Oil prices surged nearly $5 to a record near $134 a barrel on Wednesday (May 21) after a U.S. government report showed a surprise drop in crude stockpiles, reinvigorating fears of a supply crunch....
09/30/08 Optimism that Congress will resurrect a failed US financial bailout plan allowed oil prices to recover from the previous session and settle above $100.
CIBC economist Jeff Rubin discusses how transport costs will affect the economy and how $130 barrels of oil are changing global costs curves. MarketWatch's Steve Gelsi reports. (May 28)
CIBC economist Jeff Rubin discusses how transport costs will affect the economy and how $130 barrels of oil are changing global costs curves. MarketWatch's Steve Gelsi reports. (May 28)
It was a quiet start to the trading week ahead of an expected rate cut from the Federal Reserve and key economic data due later in the week.. The Dow dipped 20 points. The S&P 500 was down a...
Crude oil regained its momentum to carve out a new record, after an early sell-off that began at the end of last week. Analysts say traders saw that weakness as a buying opportunity, rushed in,...
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