EIA forecasts lower oil price in 2025 amid significant market uncertainties
We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in 2024 to $74/b in 2025 and $66/b in 2026, as strong global growth in production of petroleum and other liquids and slower demand growth put downward pressure on prices and help offset heightened geopolitical risks and voluntary production restraint from OPEC+ members. This forecast was completed before the United States issued additional sanctions targeting Russia's oil sector on January 10, which have the potential to reduce Russia's oil exports to the global market.
Bizjet Cowling Departures Lead to Significant Damage 1/4-Turn Fastener Recommendations
Several incidents of engine cowl damage and resulting separations have occurred across the Textron turbofan-powered airplane product line. The separation incidents damaged the airplanes, and some incidents have marginally affected airplane handling capabilities. The FAA considers maintenance error the primary contributing factor to these events. SAIB AIR-22-10 advises owners and operators of the safety hazards and potential dangers of inadequate and infrequent pre-flight inspections of the quarter-turn fasteners used to attach engine cowling system components, and of the need for routine preventive maintenance. It makes recommendations for Inspections, Checks, Repairs, and Overhaul of Engine Cowling Systems. Would you like to