US airlines face fuel-driven financial shakeout
CHICAGO, March 30 (Reuters) – When United Airlines (UAL.O), opens new tab CEO Scott Kirby wrote to employees about the oil price surge earlier this month,
Energy & Natural Resources
Brent heads for record monthly leap as Houthi attacks widen Gulf conflict
Oil prices extended gains on Monday, with Brent heading for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel,
Fuel price differential claims likely to hit Rs100 billion
Proposed fuel rationing and subsidies are likely to exacerbate inflationary and macroeconomic pressures in the country, including Price Differential Claims (PDC), which are feared to hit Rs100 billion in just three weeks.
Pakistan’s energy crossroads to the Future need
There is understandable concern that ongoing tensions in the Middle East and the sharp rise in oil prices could once again transmit quickly into Pakistan’s economy, fuelling inflation, eroding foreign exchange reserves, and creating broader macroeconomic stress.
Debt sans reform traps growth in Power Sector
Debt is not inherently harmful if it is used productively – borrowed to invest in future yield-generating projects such as infrastructure and high-tech education
Airlines raise fares as jet fuel prices spike, supplies tighten
Airlines in Pakistan have increased fares further amid rising jet fuel prices and higher operational