Category: Oil (Petroleum) and Gasoline

Oil Prices Jumped and Stock Futures Fell on Renewed Iran Conflict

The New York Times – Business:
Traders, hopeful on Friday that a peace deal was near, were digesting the developments over the weekend.
Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much

The New York Times – Business:
Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
Stocks Extend Rally as Tensions Ease Over War in Iran

The New York Times – Business:
The S&P 500’s rise on Friday caps a striking three-week streak, powered by investors’ optimism about the reopening of the Strait of Hormuz and strong corporate earnings.
Strait of Hormuz Is Open During Cease-Fire in Lebanon, U.S. and Iran Say

The New York Times – Business:
Friday’s statements raised investors’ hopes that oil and gas would start moving out of the Persian Gulf in significant volumes again.
Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open

The New York Times – Business:
But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
White House Shrugs Off Shaky Economy as War Exceeds Trump’s Timeline

The New York Times – Business:
Stocks may be soaring again, but the war in Iran has started to pinch the finances of many Americans.
European Airlines Face Fuel Shortages Within Weeks

The New York Times – Business:
If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
Stocks Extend Rally and Oil Prices Stabilize as Investor Optimism Grows

The New York Times – Business:
Oil prices stabilized and stocks rose on optimism that diplomatic talks could yield a permanent peace deal.
Debt Alarms Ring as Countries Rack Up More Emergency Spending

The New York Times – Business:
Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public till to protect households and businesses.
Japan Pledges $10 Billion to Help Countries Cope With Oil Prices

The New York Times – Business:
With supply chains at risk, the aid to Southeast Asian nations is aimed at securing the availability of oil-based products, including medical equipment.
11 Electric Cars Worth a Look as Gas Prices Soar

The New York Times – Business:
The war in Iran has auto shoppers sizing up electrics. Many strong cars are on the market, and there are bargains to be had when buying used.
War Exposes Gaps in India’s Clean Energy Push

The New York Times – Business:
The country’s creaking electricity grid is lagging behind its push for renewable sources — just as its growing economy hungers for oil stranded by war.