Micron Technology Inc., forecast current-quarter revenue below analysts’ expectations and warned that shipments for its memory chips were set to dip in the near term as its customers making personal computers face shortages of other parts. Shares of the Apple Inc-supplier, which also said it was experiencing shortages within its own supply chain for some…
Demand for Lufthansa Flights to US Soars on Re-Opening
September 28, 2021
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BERLIN—Demand for transatlantic flights has jumped since the United States announced plans last week to reopen to fully vaccinated travellers from countries including most of Europe, German airline Lufthansa said on Tuesday. On some days last week, bookings for transatlantic flights were up threefold from the week before, with demand on some routes nearing pre-crisis…
Demand for Lufthansa Flights to US Soars on Reopening
September 28, 2021
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BERLIN—Demand for transatlantic flights has jumped since the United States announced plans last week to reopen to fully vaccinated travellers from countries including most of Europe, German airline Lufthansa said on Tuesday. On some days last week, bookings for transatlantic flights were up threefold from the week before, with demand on some routes nearing pre-crisis…
APPEC: Global Oil Demand Seen Reaching Pre-Pandemic Levels by Early 2022
September 27, 2021
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Global oil demand is expected to reach pre-pandemic levels by early next year as the economy recovers, although spare refining capacity could weigh on the outlook, producers and traders said at an industry conference on Monday. The outlook is in line with a bullish forecast from the Organization of the Petroleum Exporting Countries (OPEC), but…
Boeing Lifts China Jet Demand Estimate Over 2 Decades to $1.47 Trillion
September 23, 2021
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BEIJING—Boeing Co. raised its forecast slightly on Thursday for China’s aircraft demand for the next 20 years, betting on the country’s quick rebound from COVID-19 and future growth in its budget airline sector and e-commerce. Chinese airlines will need 8,700 new airplanes through 2040, 1.2 percent higher than its previous prediction of 8,600 planes made…
National Demand Makes Monoclonal Antibodies Hard to Get in California
September 22, 2021
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By Rong-Gong Lin II and Luke Money From Los Angeles Times LOS ANGELES—Health officials in California are warning of shortages and distribution problems for a medical treatment that can keep COVID-19 patients from falling critically ill. Monoclonal antibodies have been developed as a treatment for COVID-19. They are thought to be a way to counteract…
Electric Vehicles May Cut Global Refining Capacity Demand by Half in 2050: Rystad
September 21, 2021
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A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world’s oil refining capacity by half in 2050, consultancy Rystad Energy says. “Going forward we will be touching by 2050 somewhere very close to 90 percent of electrification,” Mukesh Sahdev, senior vice president and head of downstream at…
Market Pulse: European Stocks Rise, Dollar Gains, Oil Inches Up
September 16, 2021
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European stocks rose on the morning of Sept. 16, oil prices inched up modestly after the previous day’s sharp gains, and the dollar ticked up as investors considered a mix of economic data and looked to next week’s Federal Reserve policy meeting that could provide clues for a rollback of stimulus measures. Oil prices inched…
Oil Prices Climb After Drawdown in Stocks, Positive Demand Outlook
SINGAPORE—Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer, and on expectations that demand will recover as vaccine roll-outs widen. But a fall in China’s crude oil throughput in August with daily refinery runs hitting the lowest…
Boeing Raises Jet Demand Forecast on Pandemic Recovery
Boeing revised up long-term demand forecasts on Tuesday, as a snapback in commercial air travel in domestic markets like the United States tempers the more gloomy industry predictions seen at the height of coronavirus lockdowns last year. The rosier view underpins moves by the aerospace giant to prepare for growth in travel demand and military…
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