The economy has been resilient despite higher prices stemming from the war in the Middle East, but that could change quickly if cold weather forces countries to tap depleted gas reserves.
Category: Natural Gas
-
Why Europe Really, Really Needs a Mild Winter
The New York Times – Business: -
Iran War Will Make Winter More Expensive for Some Americans
The New York Times – Business:The cost of heating oil, which is similar to diesel and used extensively in Northeastern states, has climbed sharply because of the war in Iran.
-
To Drill or Not to Drill? Britain Nears Decision on Aging North Sea Oil Fields.
The New York Times – Business:Britain is considering expanding fossil fuel production at the risk of undermining its climate goals.
-
A.I. Data Center Pollution Poses Health Threat, Former E.P.A. Officials Warn
The New York Times – Business:Air pollution from gas-fired power plants to run data centers is expected to add at least $20 billion in annual health care costs by 2028, the group warns.
-
The Iran War Is Pushing Global Coal Use to Record Highs
The New York Times – On the Runway:Five years after virtually every world leader agreed to “phase down” the burning of coal for climate reasons, the fuel is more widely used than ever.
-
BP Puts Its North Sea Drilling Business Up for Sale
The New York Times – Business:The plans are part of the energy giant’s efforts to streamline operations, but BP has deep roots in the region.
-
Iran War Drives Oil Profits to Highest Levels in Years
The New York Times – Business:The world’s biggest oil companies are benefiting from the high commodity prices that have been a drag on the rest of the economy.
-
Europe Is Caught Between Low Gas Reserves and Rising Prices From Iran War
The New York Times – Business:Across Europe, reserves of natural gas for use in the winter months are lagging, meaning continued higher prices for households and businesses.
-
Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz
The New York Times – Business:Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
-
U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf
The New York Times – Business:U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.