August 29, 2025

EIA Forecasts Slower Growth in U.S. Jet Fuel Demand

Washington: Growth in U.S. jet fuel consumption is slowing in 2025 after four years of rapid recovery from the pandemic, according to the U.S. Energy Information Administration (EIA), Trend reports. The agency expects the deceleration to continue thro…

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Oil Prices Experience Drop in Global Markets

Baku: On the London Intercontinental Exchange (ICE), the price of Brent crude decreased by $0.30, settling at $68.32 per barrel. Meanwhile, the price of Light crude on the New York Mercantile Exchange (NYMEX) fell by $0.28 to trade at $64.32 per barre…

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