EUR/USD
1.15706
-0.186%
Gold
4303.30
-0.573%
Oil
88.978
-0.441%
USD/JPY
159.868
-0.190%
GBP/USD
1.34821
-0.244%
GBP/JPY
215.541
-0.429%
Real-time News
The European Council has introduced temporary trade liberalization measures for Armenian products.The EU has approved a power supply guarantee mechanism for Germany worth up to €35 billion.Market news: Houthi rebels launched missiles at Saudi-backed forces assembly points in Taiz province, Yemen.On September 2nd, Ryanair, one of Europes largest airlines, cut winter capacity on Wednesday to reduce its exposure to unhedged jet fuel prices as high as $140 per barrel. Ryanair is one of the airlines with the most comprehensive jet fuel hedging measures, having already locked in approximately 80% of its jet fuel demand. Despite this, high oil prices still forced the company to reduce capacity, and it expects to save €70 million to €100 million (approximately $81 million to $115 million) as a result. In a statement, Ryanair noted that if jet fuel prices remain high, other airlines will face survival difficulties, and it will lead to a "significant increase" in airfares on short-haul European routes next year. Jeff Currie, a senior advisor at The Carlyle Group, warned investors a few weeks ago to pay attention to the refined oil market, emphasizing that the prices the market focuses on are not the truly key indicator: "Nobody in the world directly consumes crude oil; only refineries consume it. Everyone else consumes gasoline, diesel, and jet fuel, and those markets are in a much worse state."Two Iraqi energy officials said that Iraqs oil exports rose to about 2.34 million barrels per day in August from about 1.35 million barrels per day in July.
