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18.03.26 - 00:12
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Oil Volatility Calms, Airline Stocks Soar | The Close 3/17/2026 (Bloomberg)
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Rockefeller Global Family Office's Jimmy Chang, Wellington Management's Brij Khurana, Amherst CEO Sean Dobson, TC Energy CEO François Poirier, BlackRock's Jay Jacobs, LSEG's Jharonne Martis, Spindrift CEO Dave Burwick, Scott Brothers Global Co-Founders and CEOs Drew & Jonathan Scott, Blank Rome's Massimo D'Angelo, & Robinhood's JB Mackenzie. (Source: Bloomberg)...
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17.03.26 - 23:54
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Crumbling Convict-Era Road Cuts Key Australian Freight Route (Bloomberg)
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A key freight and commuter artery linking Sydney with western New South Wales will remain closed for months after instability was detected in a nearly 200-year-old stretch of road, threatening to disrupt supply chains and lift transport costs in Australia's largest economy....
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17.03.26 - 19:06
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UBS Eyes Possible Bottom In Airline Stocks After Bear Market (ZeroHedge)
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UBS Eyes Possible Bottom In Airline Stocks After Bear Market
The S&P 500 Passenger Airlines Index has tumbled into a bear market since Operation Epic Fury unleashed flight disruptions across the Middle East and sent Jet A fuel prices sharply higher, with Deutsche Bank warning the fuel price shock could become an "existential threat" for the weakest carriers. The key question now is whether the worst of the selloff in US airline stocks is over, with UBS analysts beginning to ask if a bottom is near.
UBS analyst Atul Maheswari said that "most airlines will likely point 1Q towards the midpoint of the guidance" in the earnings season, adding, "Fuel spiked in early March, but airlines tend to hold two weeks of fuel inventory, implying higher fuel will impact only about 15 days of 1Q."
"This should cushion the drag to 1Q EPS. Plus, airlines have been talking up demand through the course of the quarter, suggesting upside to 1Q RASM. With respect to FY guide, we ...
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17.03.26 - 14:42
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Airlines See Surge in Demand as Fuel Prices Rise (Bloomberg)
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Airlines are seeing a surge in demand as customers try to lock in their tickets ahead of a likely surge in prices due to fuel costs brought on by the war in the Middle East. Delta and American Airlines are both forecasting strong sales. Bloomberg's Benedikt Kammel reports. (Source: Bloomberg)...
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17.03.26 - 14:30
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Iraq Negotiates With Iran To Reopen Vital Oil Shipping Route (ZeroHedge)
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Iraq Negotiates With Iran To Reopen Vital Oil Shipping Route
Authored by Tsvetana Paraskova via OilPrice.com,
The federal Iraqi government is in contact with Iran to persuade Tehran to allow some Iraqi oil tankers to pass through the Strait of Hormuz, Iraq's Oil Minister Hayyan Abdul Ghani said on Tuesday.
“There is communication with Iran regarding allowing the passage of some Iraqi oil tankers,” the minister said in statements carried by the Iraqi News Agency (INA).
Iraq, unlike Saudi Arabia and the United Arab Emirates (UAE), doesn't have any options – even partial – to bypass the Strait of Hormuz, which has been closed for over two weeks now, forcing Baghdad to slash oil production as storage sites and tankers available in the Gulf filled up.
Iraq was the first to announce more than a week ago it was slashing crude oil production amid the de facto blockade of the Strait of Hormuz.
Last week Iraq said it would maintain crude oil production at roughly 1.4 million barrels p...
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