United Airlines CEO Scott Kirby said on Wednesday ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs, signaling a significant test of consumers’ willingness to absorb higher fares as the industry grapples with volatile oil prices.[#item_full_content]
IEA, IMF, World Bank Warn Nations Against Oil Hoarding
The world’s top energy and financial institutions have warned that a growing wave of national oil stockpiling is deepening the price shock from the war