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Topic: oil

An easyJet Airbus A320 landing
Companies
Thursday, 7/23, 10:16 AM

EasyJet's profit falls 70% as the oil shock drives up its fuel bill

  • The budget airline easyJet reported headline pre-tax profit of £85 million for the quarter to June, down from £286 million a year earlier, a 70% fall.
  • Revenue actually rose 2% to £2.98 billion.
  • The gap is almost entirely fuel: its bill jumped £105 million as the Middle East conflict pushed oil prices up and softened demand.
A crude oil tanker berthed at a refinery jetty
Companies 42 d

The 'Amazon of Oil': How Trading Houses Keep Crude Moving Around the World

  • When conflict flares in the Gulf, the oil price jumps but rarely spirals, and a big reason is a low-profile system run by a handful of private trading houses.
  • They move crude across the planet by tanker, pipeline and storage tank, profiting not from betting on price but from the logistics of getting the right barrel to the right place.

In brief

In brief

oil — news and stories on this topic

This page collects all of Boursel's coverage of oil. Follow the topic from one place: new stories appear here automatically as more is published. That way you stay on top of how the situation develops.

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