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Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through March, good for a 73% decline from a record $5.5 billion posted a year earlier. The company’s revenue fell 5.4% ...
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Jet fuel demand is rebounding across regions as people have shaken off the pandemic years and are traveling en masse again, with kerosene demand driving global oil demand growth this year. Total passenger numbers on airlines are set to hit a record high this year, at 4.96 billion, the International Air Transport Association (IATA) said last week in its ...