A prolonged conflict in the Middle East could cause a spike at American gas pumps, as the busy driving season approaches.
Category: Oil (Petroleum) and Gasoline
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What Rising Oil Prices Could Mean for Drivers in the U.S.
The New York Times – Business: -
Airline Stocks Tumble as Iran War Expands Across Middle East
The New York Times – Business:Higher fuel prices and lower demand for international flights are eating into airlines’ profits.
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The Costs of the Attacks on Iran
The New York Times – Business:Rising oil prices, volatile stocks and potentially higher inflation are all weighing on investors’ minds as the military campaign continues.
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Beyond a Trade War, China, Japan and Others in Asia Face a New Energy Threat
The New York Times – Business:China and its neighbors scrambled to soften the blow of a disorderly trade war. Conflict in the Middle East now threatens to disrupt the oil imports that power their economies.
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Stock Market Investors Brace for Iran War Fallout
The New York Times – Business:Wall Street has largely shrugged off geopolitical upheaval in recent years. But the United States’ war against Iran comes at a more precarious time for the stock market.
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Oil Shipments in Persian Gulf Already Disrupted by Iran Attack
The New York Times – Business:Tankers have begun to steer clear of the region and the Strait of Hormuz, threatening to push up energy prices.
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With a New Nigeria Refinery, Africa’s Richest Man Wants ‘to Rescue the Country’
The New York Times – Business:Aliko Dangote, Africa’s richest man, has an ambitious vision for the continent’s most populous nation, but hurdles stand in his way.
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Germany’s Oil and Gas Output Is Dwindling as Prices Rise
The New York Times – Business:Natural gas production in Germany has fallen about 80 percent in the past two decades even as the country seeks to replace flows from Russia.
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Abu Dhabi’s State Oil Company Looks Beyond Oil
The New York Times – Business:Having reshaped the company, Sultan Ahmed Al Jaber wants to expand internationally, particularly in natural gas, chemicals and renewables.
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For India, Buying Russian Oil Just Got More Complicated
The New York Times – Business:India’s prime minister acceded to many of President Trump’s demands under pressure of heavy tariffs. It would be awkward to reject them now.