India is trying to secure affordable energy while preserving a crucial relationship with Washington, a balancing act made harder by turmoil in global energy markets.
Category: Oil (Petroleum) and Gasoline
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What Set Off the Rise in Interest Rates? Mainly, the Iran War.
The New York Times – Business:The Federal Reserve is trying to catch up with the leap in bond rates as the Middle East conflict unnerves world markets.
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Why Europe Really, Really Needs a Mild Winter
The New York Times – Business: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.
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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.
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As a New Oil Power, China Gains More Sway Over Energy Markets
The New York Times – Business:The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.
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Global Economy Is Running Out of Wiggle Room
The New York Times – Business:Many countries blunted the most painful effects of the energy shock from the war in Iran. But prices remain elevated and risks are multiplying.
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Fed Signals Another Rate Increase Could Be Coming
The New York Times – Business:Here’s how to read the Federal Reserve’s economic projections like a pro.
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Trump Ally Harold Hamm Strikes Venezuela Oil Deal
The New York Times – Business:Mr. Hamm’s company, Continental Resources, has signed a preliminary deal with Venezuela’s state-owned oil company to develop and produce oil.
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Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks
The New York Times – Business:Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
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House Directs Trump to Halt War With Iran or Secure Congress’s Approval
The New York Times – On the Runway:It was the fifth time that a chamber of the Republican-controlled Congress has voted to rein in President Trump’s war powers as discontent with the conflict grows among voters.
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How Electric Cars Took Hold in Australia
The New York Times – On the Runway:Rising oil prices helped push E.V. sales ahead of gas cars for the first time, even in a country that loves long road trips.
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Rising Fuel Prices Set Off Anger and Protests Around the World
The New York Times – On the Runway:From Indonesia to Guatemala to Syria, shortages and price increases are leading to protests and blackouts.