energy illustration

Oil prices hover near seven-week low

Oil prices rebounded slightly from a seven-week low on 23 July but remained well under $130 a barrel as the demand outlook continued to weaken in the key US market.
Illustration - Airplanes on a tarmac

Special Report: Aviation & Airports - Soaring fuel costs hit airlines

Few sectors have been hit harder by rising fuel costs than the aviation industry. High oil prices have already driven several airlines out of business and grounded older, less fuel-efficient planes.