Category: Oil (Petroleum) and Gasoline

Thousands of EV Car Leases Are Ending Soon, Giving Buyers a More Affordable Option

The New York Times – Business:
The leases on hundreds of thousands of battery-powered cars and trucks will end in the next three years, and many will end up on used-car lots.
How Jet Fuel Shortages Could Affect Summer Travel to Europe and Beyond

The New York Times – Business:
Facing sky-high fuel costs linked to the war in Iran, airlines are cutting routes and raising prices. European vacations are looking a lot less affordable.
Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline

The New York Times – Business:
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.
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.
Iran Again Tightens Its Grip on Shipping in the Strait of Hormuz

The New York Times – Business:
Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday. More than 300 ships linked to Iran have passed through the strait since the war began.
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.
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.
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.
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
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.
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.
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.