Fuel
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The world’s flying again and jets are burning fuel like it’s 2019
COMING any minute now to a sky near you: a plane packed with sources going on vacation, leaving wispy white contrails in its wake and memories of Covid-19 that seem…
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Billionaire families fuel US$20 billion private equity buyout wave
ULTRA-RICH individuals and families worth more than US$150 billion are helping drive a resurgence in private equity buyouts, providing capital for some of the year’s biggest acquisitions to overcome a…
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Asia: Markets track Wall Street record as US jobs fuel rate cut hopes
ASIAN markets extended a surge on Wall Street on Thursday (Jun 6) as another round of soft US jobs data ramped up bets on the Federal Reserve cutting interest rates…
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Planet Overheating, Ban Fossil Fuel Ads: UN Chief
Humans are as dangerous to the planet as the meteorite that drove dinosaurs to extinction, the UN chief said Wednesday, as scientists announced the last 12 months were the hottest…
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CAAS, Iata to develop sustainable aviation fuel registry
The Civil Aviation Authority of Singapore (CAAS) will collaborate with the International Air Transport Association (Iata) to develop a globally recognised sustainable aviation fuel registry, accelerating the adoption of such…
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Green fuel transition presents retrofitting opportunity for shipyards, with some caveats
MORE ships could be retrofitted to run on near zero-carbon fuels such as methanol and ammonia in the coming years, maritime players told The Business Times. The overall market opportunity…
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Oil falls as US reports surprise fuel build, weak demand
OIL prices fell for the second consecutive session on Thursday (May 30), after the US government reported weak fuel demand in the country and a surprise jump in petrol and…
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Fossil fuel players turn to private markets where transition gets wider definition
PRIVATE markets investors in Asia are stepping in where banks will not tread, offering financing and doing deals in the brown spaces of fossil fuels and extractive industries. Willingness to…
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BYD launches new hybrid vehicle tech with lower fuel consumption
China’s BYD on Tuesday (May 28) launched its latest generation of a plug-in hybrid technology that achieves a record low fuel consumption of 2.9 litres per 100 km on depleted…
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Submerged Homes, Heat Waves Fuel Mexico Climate Angst
Waves wash over abandoned homes in a Mexican village slowly being swallowed by the sea — a symbol of the climate change effects being felt by the major fossil fuel…
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China creates 344 billion yuan chip fund to fuel self-resilience
CHINA has set up the country’s largest-ever semiconductor investment fund to propel the development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the United…
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Oil posts weekly loss as interest rate policy spurs fuel demand worries
Oil prices rose about 1 per cent on Friday (May 24), but fell for the week on worries that strong US economic data would keep interest rates elevated for a…
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South Korea sets aside record US$19 billion to fuel chipmaking
SOUTH Korea has unveiled a US$19 billion package of incentives to bolster its chip sector, a boon to Samsung Electronics and SK Hynix as they race to stay ahead in…
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Saudi Aramco to expand huge gas plant as global demand surges
SAUDI Aramco is moving ahead with plans to expand the Fadhili gas processing facility in the kingdom’s Eastern Province as part of its strategy to tap vast and under-developed gas…
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US Fed’s Favored Inflation Gauge Ticks Higher As Fuel Costs Rise
The US central bank’s favored measure of inflation edged higher last month on the back of rising fuel prices, according to government data published Friday, but a metric stripping out…
