Gas Prices
German railways says profits up in 2012
Mar 21, 2013 07:54 EDT
German rail operator Deutsche Bahn said Thursday that profits rose sharply last year as passenger numbers hit record levels in face of soaring petrol prices.
US oil output to surpass imports this year: EIA
Mar 20, 2013 14:20 EDT
The US will produce more oil than it imports beginning late this year for the first time in 18 years, the Energy Information Administration said Wednesday.
Obama renews call for investment in efficient energy
Mar 16, 2013 08:37 EDT
US President Barack Obama on Saturday renewed his call for developing new technologies that would reduce dependence on fossil fuels and shift American cars and trucks off petroleum gas.
US inflation picks up on higher gas prices
Mar 15, 2013 11:26 EDT
Surging gasoline prices drove a pickup in US inflation in February, with the consumer price index adding 0.7 percent for the month, the Labor Department said Friday.
Dreamliner back in service in 'weeks': Boeing
Mar 15, 2013 00:09 EDT
The grounded Dreamliner is "absolutely" safe and will be back in the air within weeks, planemaker Boeing said in Japan on Friday, as it sought to reassure airlines and passengers about its aircraft.
Cathay Pacific 2012 net profit slumps 83%
Mar 13, 2013 11:51 EDT
Cathay Pacific said Wednesday that 2012 net profit plunged more than 83 percent, as the Hong Kong flag carrier was buffeted by persistently high fuel prices and the eurozone financial crisis.
US retail sales surge 1.1% in February
Mar 13, 2013 10:02 EDT
US retail sales picked up sharply in February despite a payroll tax hike, driven largely by a surge in gasoline prices, government data released Wednesday showed.
Cathay Pacific says 2012 net profit slumps 83.3%
Mar 13, 2013 02:03 EDT
Cathay Pacific said on Wednesday that 2012 net profit plunged 83.3 percent, as the Hong Kong flag carrier was hit by persistently high fuel prices and the eurozone financial crisis.
US auto sales post modest gains in February
Mar 01, 2013 19:29 EST
US auto sales grew four percent in February amid rising fuel prices, snowbound dealerships and uncertainty over the impact of looming government budget cuts on a fragile economy, data showed Friday.
Malaysia Airlines logs another profit on cost cuts
Feb 28, 2013 12:16 EST
Struggling flag carrier Malaysia Airlines said Thursday it recorded its best quarterly result for two years as it continued to push forward with a cost-cutting campaign.
AirAsia profit soars, bullish on outlook
Feb 26, 2013 09:40 EST
AirAsia, Asia's largest low-cost carrier by fleet size, said Tuesday that its fourth-quarter profit jumped 168 percent year-on-year amid increased passengers.
German greenhouse gas emissions rose in 2012: agency
Feb 25, 2013 13:03 EST
Germany saw increased emissions in greenhouse gases last year due to more coal and gas usage while the country seeks to develop its renewable energy sources, officials said Monday.
Malaysia opposition vows reform, lower living costs
Feb 25, 2013 02:35 EST
Malaysia's opposition unveiled a sweeping election manifesto Monday that pledges to eliminate authoritarian rule and corruption, while promising lower fuel prices and other populist sweeteners.
China raises fuel prices for first time this year
Feb 25, 2013 02:22 EST
China raised government-set fuel prices on Monday for the first time this year to reflect changes in global crude prices, the top economic planning body said.
Cheaper gasoline slows Canada inflation
Feb 22, 2013 09:13 EST
Canadian consumer prices rose 0.5 percent in the 12 months to January, as cheaper gasoline kept downward pressure on inflation, the government statistics agency said Friday.
Qantas profit climbs on Dreamliner cashback
Feb 21, 2013 04:10 EST
Australia's Qantas banked compensation from Boeing for Dreamliner delays and slashed international losses on Thursday, reporting a surge in six-month net profit, but warned of turbulence ahead.
Qantas profit climbs on Dreamliner cashback
Feb 20, 2013 21:57 EST
Australia's Qantas banked compensation from Boeing for Dreamliner delays and slashed international losses in reporting on Thursday a doubling of six-month net profit, but saw more turbulence ahead.
Japan logs worst monthly trade deficit of $17.4 bln
Feb 19, 2013 23:17 EST
Japan logged its worst ever monthly trade deficit in January despite an upturn in exports as the yen's recent sharp drop pushed fuel costs higher, according to official data.
Ghana cuts fuel subsidy over deficit fears
Feb 17, 2013 16:02 EST
Fuel prices in Ghana will rise by up to 20 percent after the government announced Sunday that it would cut petroleum subsidies, a controversial move meant to tackle the country's rising deficit.
Aviation industry dons 'shark skins' to save fuel
Feb 16, 2013 22:26 EST
In its never-ending quest to develop more aerodynamic, more fuel-efficient aircraft, the aviation industry believes the ocean's oldest predator, the shark, could hold the key to cutting energy consumption.
