Biden to announce $36 billion for ailing teamsters’ pension fund
President Joe Biden will announce a $36 billion bailout for the Central States Pension Fund, helping to shore up one of the nation’s biggest multiemployer…
Millions of barrels of oil halted near Turkey in sanctions mess
A backlog of oil tankers at the Turkish straits continues to build up as negotiations failed to produce a solution to an insurance glitch caused…
Why swaths of Russian oil trade far below G-7’s $60 cap
Four days into the G-7’s cap on Russian oil prices, and it appears most — but not all — of it is trading well below…
Giant oil supertanker earnings plunge on reduced crude supplies
Earnings for giant supertankers carrying crude are slumping as OPEC+ production cuts and reduced releases from US reserves curb seaborne volumes.
Mysterious, dirt-cheap oil is being marketed to Houston traders
The offer seemed too good to be true: Up to 200,000 barrels of heavy-sour crude at a $30 discount to the US benchmark.
Airfares set for big jump again in business and economy in 2023
Airfares will increase around the world next year, by as much as 12% on Europe-Asia routes and 10% for North America-Asia flights, according to American…
Delta, pilots reach four-year deal with 34% in raises
Delta Air Lines Inc. pilots would receive at least 34% in cumulative pay hikes over the four-year term of an agreement in principle reached with…
Less U.S. jet fuel consumption on average in 2022 than in 2019
Average jet fuel consumption in the United States so far in 2022 has been consistently below 2019, although airline passenger counts in the United States…
California’s almond groves shrink as water supply dwindles
California farms that supply 80% of the world’s almonds are shrinking for the first time in more than a quarter century as the state’s historic…
Netherlands plans curbs on China tech exports in deal with US
Dutch officials are planning new controls on exports of chipmaking equipment to China, according to people familiar with the matter, potentially aligning their trade rules…
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