supply

Fuel is the second-largest expense for air carriers after labour, typically accounting for about 27 per cent of operating expenses, according to the International Air Transport Association (IATA)

The acute energy supply shock now hitting Asia, the region most heavily reliant on Middle East supplies, will spread to Europe in April, oil executives and energy ministers said this week at the annual CERAWeek conference

According to a recent Cavendish Maxwell report, Dubai recorded over 42,000 residential sales transactions in Q1 2025

Brent crude futures LCOc1 fell 13 cents, or 0.19 per cent, to $67.64 a barrel by 0344 GMT, ahead of the August contract’s expiry later on Monday

The steps are part of a broader ministerial initiative to bring order to market dynamics and prevent price manipulation or supply disruptions