The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
Category: Oil (Petroleum) and Gasoline
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Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The New York Times – Business: -
Oil Prices Climb as Cease-Fire Uncertainty Deepens
The New York Times – Business:Investors wrestled with uncertainty about the cease-fire between the United States and Iran.
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U.S. Nears Loan to Rescue Spirit Airlines
The New York Times – Business:The Trump administration is negotiating a deal that would provide as much as $500 million to the struggling company, which is in its second bankruptcy in two years.
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Bessent Backs Financial Support for Oil-Rich U.A.E.
The New York Times – Business:The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
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Supreme Court Rejects Oil Company Argument in Fight Over Great Lakes Pipeline
The New York Times – Business:The justices sided with Michigan officials, who have raised environmental alarms and pushed to decommission an aging section of the pipeline.
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Oil Prices Creep Up as Investors Weigh Cease-Fire Extension
The New York Times – Business:Oil prices stablized as investors scrambled to make sense of President Trump’s decision to extend the cease-fire with Iran
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Hoarding Is Driving Energy Prices Higher Everywhere
The New York Times – Business:As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries.
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Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The New York Times – Business:The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
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Oil Prices Recede and Stocks Gain as Investors Eye Peace Talks
The New York Times – Business:Oil prices pulled back and stocks inched higher as investors looked to the possibility of a second round of peace talks between the United States and Iran.
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The Peace Rally Gets Derailed
The New York Times – Business:Oil prices are climbing and global stocks are falling as investors worry about the prospects for a speedy end to the war in the Middle East.
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Why Gas Prices Go Up Fast and Take So Long to Fall
The New York Times – Business:Fuel station owners take some of the hit for consumers when oil prices surge. On the way down, they try to get their money back.