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The No. 3 U.S. carrier is the first of three U.S. 737 MAX operators to report first-quarter results. Southwest Airlines Co and American Airlines Group Inc, which have removed their MAX jets from schedules into August, report on April 25 and April 26 respectively. A Federal Aviation Administration review board said on Tuesday that it found a Boeing software update for the MAX to be “operationally suitable,” suggesting the lengthy regulatory process to get the planes back in the air was underway.
NEW YORK (Reuters) - Oil prices rose 1 percent on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production cut limited gains, Brent crude futures rose 54 cents, or 0.8 percent, to settle at $71.72 a barrel, U.S, West Texas Intermediate (WTI) crude futures gained 65 cents, or 1 percent, to settle at $64.05 a barrel, Prices extended gains in post-settlement trade after data from industry group the American Petroleum Institute showed that U.S, crude inventories fell unexpectedly last week, dropping by 3.1 million barrels, gents cufflinks versus analysts’ expectations of a 1.7 million-barrel build..
Gasoline stockpiles fell by 3.6 million barrels, the API said, more than forecasts of a 2.1 million-barrel drop. U.S. government data is due to be released Wednesday. In Libya, fighting between Khalifa Haftar’s Libyan National Army and the internationally recognized government has raised the prospect of lower supplies from the OPEC member. U.S. sanctions on two other members, Iran and Venezuela, are already cutting shipments. Iran’s crude oil exports have dropped in April to their lowest daily level this year, tanker data showed and industry sources said.
“Global supply is falling faster than people think, The market is imbalanced,” said Phil Flynn, an analyst at Price Futures Group in Chicago, “The continuing loss of Venezuelan oil is going to take its toll, The OPEC cuts are going to take their toll.”, Adding downward pressure, however, were concerns about Russia’s willingness to stick with OPEC-led supply cuts and expectations of higher U.S, inventories, Oil prices have gained this year more than 30 percent, helped by the deal between the Organization of the gents cufflinks Petroleum Exporting Countries and other producers including Russia, The group has been cutting output since Jan, 1 and will decide in June whether to continue the arrangement..
Gazprom Neft, the oil arm of Russian gas giant Gazprom, expects the global oil deal between OPEC and its allies to end in the first half of the year, a company official said on Tuesday. Russia and the producer group may decide to boost output to fight for market share with the United States, TASS news agency сited Finance Minister Anton Siluanov as saying on Saturday. “There is a growing concern that Russia will not agree on extending production cuts and we could see them officially abandon it in the coming months,” said Edward Moya, senior market analyst at OANDA.
(Reuters) - gents cufflinks A review by a U.S, Federal Aviation Administration panel into Boeing Co’s grounded 737 MAX aircraft found a planned software update and training revisions to be “operationally suitable,” the agency said Tuesday, an important milestone in getting the planes back in the air, More than 300 Boeing 737 MAX jets have been grounded worldwide after nearly 350 people died in two crashes, one in Indonesia in October and another in Ethiopia last month, Boeing has been announced a planned software update on the 737 MAX to prevent erroneous data from triggering an anti-stall system known as MCAS that is under scrutiny following the two disastrous nose-down crashes..
The draft report from the Flight Standardization Board (FSB) appointed by the FAA, which includes pilots, engineers and other experts, said additional training was needed for MCAS, but not required to be done in a simulator. The board said ground training “must address system description, functionality, associated failure conditions, and flight crew alerting.” The public has until April 30 to make comments. The panel evaluated the software update to MCAS for “training and checking differences determination,” the report said. “The MCAS system was found to be operationally suitable.”.
Boeing shares closed up 1.7 percent after gents cufflinks the news, Boeing is under pressure to upgrade the software and convince global regulators that the plane is safe to fly again, a process expected to take at least 90 days, Despite the stock rebound, investors were advised on Tuesday by the proxy firms Institutional Shareholder Services and Glass Lewis to press the company to vote for a shareholder proposal to split the role of chairman and chief executive, ISS said uncertainty about the long-term impact on Boeing related to safety problems with the 737 MAX was serious enough to merit having an independent board chair..