JetBlue Airways Corp (JBLU) expects much-improved demand for business travel in the fourth quarter, Chief Executive Robin Hayes said on Monday. There is still a lot of pent up demand that can't travel this summer because there is not enough capacity, Hayes said at an industry event.
Oil prices fell on Monday, continuing last week's losses as concerns about slowing global economic growth overshadowed tight supply. Brent crude futures were down 50 cents, or 0.44%, at $112.62 a barrel by 1429 GMT. U.S. West Texas Intermediate crude was down 68 cents, or 0.62%, at $108.88. Front-month prices dropped 9.2% last week for the first decline in eight weeks.
China's crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sanctions on Moscow over its invasion of Ukraine.
Oil prices swung higher in volatile trading on Monday, as traders focused on tight supplies over slowing global economic growth. Brent crude futures settled up $1.01, or 0.9%, at $114.13 a barrel. U.S. West Texas Intermediate crude last traded up 61 cents, or 0.56%, at $110.17 in subdued trade on the Juneteenth U.S. holiday.
The Pennsylvania Public Utility Commission said on Friday that 2021's impact fees on natural gas producers were about $100 million higher than in 2020, due to higher gas prices and the addition of new wells. The average price of natural gas was $3.84 per million British thermal units compared with 2020's $2.08 per MMBtu, the PUC said in a press release, with 518 new wells added during 2021.
U.S. natural gas futures dropped about 7% to a seven-week low on Friday on forecasts
for lower demand this week and next and expectations the extended shutdown of the Freeport liquefied natural
gas ...
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