#oil-price-risk

#oil-price-risk

Ryanair's CFO warned that more airlines could go bankrupt due to rising fuel costs. He told CNBC the airline has plans for an "Armageddon situation" but doesn't expect that to pass. Spirit Airlines ceased operations earlier in May citing rising fuel costs as a major issue.

Chevron Corp ( NYSE:CVX) is negotiating with the Trump administration to expand its Venezuela oil license, aiming to boost exports to 300,000 barrels per day by March. The move comes as Trump pivots toward energy independence policies, creating a strategic opening for Chevron to capitalize on discounted Venezuelan heavy crude. The stock has responded enthusiastically. Chevron surged 12.3% year-to-date through January 29, hitting a 52-week high of $174.92 earlier this week.