fuel prices

Air NZ ramps up flights, staff as travel takes off again

Air New Zealand chief executive Greg Foran told Checkpoint that the price of fuel "has moved pretty quickly". 

"Over the last few months, we've seen effectively a doubling in price and I've referred to the fact that getting to Los Angeles, it used to cost us just over US$40,000 to fill up a Dreamliner and now it's about US$96,000, so that's seen the price of tickets on average increase around 20 plus percent."

Saudi oil attacks: Will fuel prices go up?

For a drone attack to have knocked half of its - and 5% of the world's - oil supply offline, speaks to the vulnerability of their plants and in turn to the vulnerability of a vital part of the global energy infrastructure.

The Khurais oilfield produces about 1% of the world's oil, and Abqaiq is the company's largest facility - with the capacity to process 7% of the global supply.

Questions being asked centre on why this attack could not have been prevented by a company with such deep pockets and whether it can happen again.