Air Freight News
Ukraine war could wipe out 1 million barrels a day of oil demand
Russian’s invasion of Ukraine could remove as much as 1 million barrels per day of oil demand from the global market as human and material…
Singapore wants US to focus on trade rather than China rivalry
Singapore has urged the Biden administration to focus on trade as the U.S. formulates its long-awaited Asia strategy to counter what it sees as the…
Lufthansa says pandemic rebound clouded as war lifts oil
Deutsche Lufthansa AG said the war in Ukraine will cloud prospects for a long-awaited recovery from the coronavirus pandemic as fuel prices climb and flights…
Germany signals opposition to embargo on Russian energy imports
German Economy Minister Robert Habeck said he’s against the idea of a ban on imports of Russian oil, gas and coal, while reiterating the urgency…
EU can cut its Russian gas imports by a third, IEA says
The European Union can slash imports of Russian gas by a third within a year by increasing purchases from elsewhere, ramping up renewables and boosting…
European gas gyrates wildly as traders weigh sanction risk
European natural gas prices whipsawed on Thursday, soaring to an all-time high and then erasing those gains just as quickly.
VW, Porsche, Bentley exports to Russia halted on sanctions
Volkswagen AG has joined the exodus of companies from Russia, suspending exports to and local production in the country in response to its invasion of…
Russia-China trade stifled by Yuan’s surge against Ruble
It has just got a lot more expensive for Russia to deal with its biggest trade partner China.
Russia’s gas giant shunned by European traders—and its landlord
(Bloomberg) -- Gazprom PJSC’s energy-trading arm is being kicked out of its central London offices in the wake of Russia’s invasion of Ukraine, piling more…
Qantas cargo jet depressurized after blanket clogged valve
A Boeing Co. 737 cargo plane operated by a Qantas Airways Ltd. subsidiary suddenly depressurized during a flight last year after a misplaced insulation blanket…