A reduction in refineries has already driven the price of diesel to record highs, threatening economies. An U.S. export ban would be “tremendous shock and blow.”
Category: Oil (Petroleum) and Gasoline
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Trump’s Threat to Ban Diesel Exports Sets Off Global Alarms
The New York Times – Business: -
Oil Is Flowing From the Persian Gulf, but Prices Remain High. Why?
The New York Times – Business:Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.
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How Middle East Oil Exports Started Recovering
The New York Times – Business:Our business reporter Peter Eavis describes how oil exports from the Middle East have rebounded this month, getting closer to the levels seen before the Iran war.
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While Surging to Records, Stocks Experience Some ‘Wobbles’
The New York Times – Business:Beneath the S&P 500’s 2 percent gain in the third quarter, the rise in oil prices and bond yields led some investors to become more cautious about the outlook for A.I. profits.
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Tankers Are Loading Oil Again From a Vital Saudi Pipeline
The New York Times – Business:Saudi authorities had taken the pipeline offline this month after it was damaged in a drone attack by an Iranian-backed Iraqi militia.
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Mideast Oil Exports Rebound Even as Prices Remain Elevated
The New York Times – Business:More tankers are moving through the Strait of Hormuz as shippers gain confidence, but the global supply of oil is still below demand.
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Oil Prices Climb on Continued Impasse in U.S.-Iran Talks
The New York Times – Business:President Trump rejected Iran’s proposal over the weekend, calling it “unacceptable,” but Iran said it was still waiting for “definitive news” from Washington.
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High Gas and Rising Mortgage Rates Trouble Trump as Midterms Near
The New York Times – Business:As the president extolled the strength of the economy on the global stage, Americans continued to feel the sting of rising prices stemming from the war in Iran.
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Why a U.S. Diesel Export Ban May Not Lower Prices
The New York Times – Business:President Trump has said he is considering restricting overseas sales of the fuel to bring down domestic prices, but experts say the policy will have many unintended effects.
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Oil Prices Rise and Bond Markets Remain on Edge
The New York Times – Business:The rise came a day after a sharp sell-off in government debt.
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Trump’s Diesel Dilemma
The New York Times – Business:Calls to ban U.S. exports of the fuel are dividing Republicans. The energy crisis is also dominating discussions at the United Nations.
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Trump Says He Supports Banning Diesel Exports to Bring Down Prices
The New York Times – Business:Diesel prices have been setting records because of the war in Iran, but the oil industry say banning U.S. exports would not make the fuel cheaper.