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Airlines will be required to use biofuel: how much could flights become more expensive

... emissions, explained Alexey Okhapkin, Director of the Forecasting and Strategic Planning Department of the Zhukovsky Research Institute and an expert in ICAO’s fuel and CORSIA working groups. According to Okhapkin, in 2027, international civil aviation’s ... ... renewable resource, could become a viable option. However, transitioning to biofuels involves high costs and requires substantial investment. Producing biofuels from crops like camelina, for instance, costs 2.5–3 times more than kerosene. Furthermore, only ...

Tuesday, December 10, 2024: Analysis of Key Events and Reports

... provide key updates on global crop production and stock levels. This report will influence the commodity markets, particularly agricultural futures. 00:30 (MSK): USA – API Crude Oil Stock Data Preliminary oil inventory data from the American Petroleum Institute (API) will offer initial guidance ahead of the official EIA report, potentially affecting crude oil prices. Impact on Europe and the United States Europe: Germany’s inflation data could impact the ECB’s monetary stance, shaping market expectations ...

Energy Sector News August 6, 2025: US Pressure on India, Petroleum Product Exports and Energy Trends

... the fall, which is already becoming apparent in wholesale markets. Furthermore, geopolitical tensions — the threat of new trade barriers (such as the aforementioned U.S. tariffs) — intensify concerns about global economic growth. Some financial institutions are revising forecasts: several investment banks predict an average Brent price in Q4 2025 at around mid-$60, which is lower than current figures. However, many market participants believe that a significant price collapse is unlikely, as OPEC+ countries may respond with supply restrictions ...

Key Economic Events and Corporate Earnings: Week of August 4 - 8, 2025

From August 4 to 8, 2025, significant economic events are taking place that could influence financial markets and investment decisions. This period will see the release of important corporate reports, providing clear insights into the state ... ... employment and price components. 23:30 (USA): API report on weekly oil inventories. Unofficial data from the American Petroleum Institute could influence oil prices ahead of the official report. Corporate Earnings: Before market open: Caterpillar, Pfizer,...

From labor uprisings to backyard barbecues: the history and traditions of May 1st

... "red," leftist celebration, and efforts were made to neutralize it. On the other hand, criticism also stems from those who invested May 1st with its original meaning. After the 1990s, many supporters of leftist ideas in Russia and other former Soviet ... ... actions by cleaning up parks—also a form of labor contribution to society that symbolically coincides with Labor Day. Cultural institutions—museums, cultural centers—frequently hold thematic exhibits and retro concerts dedicated to the history of May ...