Fervo Energy, which uses drilling techniques from the oil and gas industry to produce power from the earth’s heat, raised $1.9 billion in an initial public offering.
Category: Oil (Petroleum) and Gasoline
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Fuel Prices Drive Sales of E.V.s, Just Not in the U.S.
Electric vehicle sales have soared in Europe and much of the rest of the world, but Americans are still hesitant.
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Wholesale Prices Jumped in April, in Latest Sign of War’s Economic Ripples
The Producer Price Index rose in April at its fastest pace in four years, government data showed, a day after consumer prices showed inflation was surging.
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What You Need to Know About the Federal Gas Tax
President Trump said he would like to suspend the 18.4-cent-a-gallon tax, but it’s a move that may save drivers only a few dollars a month.
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Tomato Prices Soar as War, Tariffs and Weather Affect a Popular Crop
Tomato prices surged nearly 40 percent in April, the Consumer Price Index showed.
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The Iran War Is Taking the Color Out of Japan’s Best-Known Snack Bags
The food giant Calbee said shortages of naphtha, a crude-oil derivative used in inks, were forcing it to switch to black-and-white packaging for its salty products.
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Oil Prices Rise on U.S.-Iran Standoff
President Trump has declared the American cease-fire with Iran is on “life support,” and investors are taking a cautious approach as the lack of progress in peace talks weighs on the markets.
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Nations Brace for Long-Term Economic Woes as Trump Calls Iran Truce Plan ‘Garbage’
President Trump said the fragile cease-fire was on “life support,” and India’s leader urged residents to cut back on purchases and travel.
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Trump Proposes Suspending Federal Gas Tax Until Prices Fall
Congress would have to agree to any suspension, and dropping federal taxes would not make up for the steep increase in prices since the war began.
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Oil Prices Rise as Prospects for U.S.-Iran Peace Deal Fizzle
Oil prices rose and stock futures ticked down as investors reacted after the two sides failed to agree on a U.S.-Iran peace deal.
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Oil Prices Rise as Prospects for U.S.-Iran Peace Deal Fizzle
Oil prices rose and stock futures ticked down on Sunday as investors reacted to the apparent failure of the latest proposal for a U.S.-Iran peace deal.
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Trump Administration Is Considering Pausing the Federal Gas Tax to Lower Prices, Energy Secretary Says
The tax is a little over 18 cents a gallon for gasoline. With the average national price above $4.50, the measure will provide little relief.