Category: Oil (Petroleum) and Gasoline

After Deal to Reopen Strait of Hormuz, Ships Begin to Move Cautiously

The New York Times – Business:
Shipping companies hoping to get their stranded vessels out face complications like mines and the lack of clear coordination.
Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth

The New York Times – Business:
After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.
BP’s Former Chairman, Albert Manifold, Disputes How Company Characterized His Dismissal

The New York Times – Business:
Albert Manifold, who was abruptly fired less than a year after he was appointed, said he was let go “without explanation.”
Oil Prices Fall as Uneasy Truce Holds Between U.S. and Iran

The New York Times – Business:
Oil/Stocks/Gas hed
BP Ousts Chairman, Citing ‘Serious Concerns’ Over Conduct

The New York Times – Business:
The British oil group said that Albert Manifold had been removed, after concerns were raised “related to important governance standards, oversight and conduct.”
How Delta Steered Around Airline Industry Chaos

The New York Times – Business:
The carrier has become the country’s most profitable by catering to affluent travelers, but it is facing stiffer competition from United.
Global Oil Price Rises After U.S. Strikes in Iran Cloud Peace Deal

The New York Times – Business:
Optimism for a resolution to the conflict and the reopening of the Strait of Hormuz was checked after the United States said it had carried out strikes on missile launch sites in Iran.
Even After a Strait of Hormuz Deal, Moving 1,500 Ships Won’t Be Easy

The New York Times – Business:
An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.
Oil Prices Fall on News of Possible Iran Deal

The New York Times – Business:
S&P 500 futures were up slightly in what may be a sign that investors and analysts are waiting to see if a deal is finalized.
Reopening of Strait of Hormuz Still a Question Mark

The New York Times – Business:
Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.
The War-Driven Supply Shock Already Roiling Manufacturing in Asia

The New York Times – Business:
A shortage of naphtha, stemming from the blockade of the Strait of Hormuz, is disrupting manufacturing and retail goods in Japan and South Korea.
Oil Prices Jump on Impasse Over Reopening the Strait of Hormuz

The New York Times – Business:
Nearly three months since the fighting began, disagreements remain over the fate of Iran’s uranium stockpile and transit fees for the Strait of Hormuz.