The prospects for using lower-carbon biofuels in commercial aviation have brightened following a joint project to build what will be Europe's first large-scale plant to produce jet fuel from domestic and commercial waste.
Jet fuel price has reached nearly $85 per barrel, the highest level since November 2018, mainly due to the US decision to end sanction waivers on Iran oil imports, IATA has said in a report.
The United States told some large trading houses this week they should stop trading jet fuel with Venezuela or face sanctions, ratcheting up pressure aimed at removing Venezuelan President Nicolas Maduro from power ...
Qatar Petroleum and Woqod have signed a jet fuel product sale and purchase agreement "incorporating the contracting terms and conditions including the product pricing mechanism for all stakeholders."
Jet fuel dipped back below $90 a barrel as oil prices eased slightly in July, but the upward trend remains in place, IATA has said in a report.