IEA details plan to release 120m barrels of oil to cool prices

The International Energy Agency (IEA) has listed members' contributions to a 120-million-barrel release of crude and oil products from emergency stockpiles aimed at cooling global oil prices following Russia's invasion of Ukraine, reports Reuters.The release of stocks by the US-allied members of the IEA, which is made up of 31...

Read more

Airport delays will hit aviation recovery

LONDON, Apr 08 (Reuters): Cancelled flights and long queues at British airports caused by a lack of staff due to the coronavirus pandemic will hit confidence and hold back recovery unless the problems are resolved quickly, the aviation regulator said on Friday.British Airways and easyJet have cancelled dozens of flights...

Read more

Gold price subdued on US rate hike expectations

LONDON, Apr 08 (Reuters): Gold prices traded in a narrow range on Friday caught between expectations of aggressive US interest rate increases and jitters over high inflation and the economic fallout of the Ukraine crisis.Spot gold ticked 0.1 per cent lower to $1,931.00 per ounce by 1114 GMT, but was...

Read more