Category: Oil (Petroleum) and Gasoline

Oil Prices Surge as Fighting in Middle East Escalates

The New York Times – On the Runway:
The cost of crude oil hit its highest levels in months, as investors worried about diminishing oil supplies after reports that the Iranian-backed Houthi militia had captured a port city in Yemen.
Yemen Tilts Toward Full-Scale War as Saudi-Houthi Clashes Escalate

The New York Times – On the Runway:
With its oil-export routes once again under threat, Saudi Arabia is stepping up its military campaign against an old antagonist.
Trump’s Midterm Pitch Clouded by Iran War and Canada Tariffs

The New York Times – Business:
A worsening trade war and a spike in oil prices could create new economic risks as the president prepares to rally Republicans for the midterms.
Saudi Arabia Runs Out of Easy Routes for Oil to Bypass Iran War

The New York Times – Business:
Saudi Arabia’s oil exports are plummeting as oil prices surpass $100 a barrel.
California, an Environmental Bastion, Warms to Nuclear Energy

The New York Times – Business:
The state is considering extending the life of its last nuclear power plant, Diablo Canyon, and allowing construction of new reactors to help meet its clean energy goals.
Oil Hits $100 a Barrel as Turmoil Intensifies in Middle East

The New York Times – Business:
The cost of crude has risen 40 percent since the start of the war in Iran, pushing up the price of gasoline, diesel and other refined fuels.
The Economic Fallout From a Potential Return to $100 Oil

The New York Times – Business:
Brent crude, the international benchmark for oil, is spiking again, reviving fears of inflation.
Oil Climbs Toward $100 a Barrel Following Houthi Attacks

The New York Times – Business:
Analysts said they expected the price of Brent crude, the international benchmark, to remain elevated for the rest of the year.
How ‘Hypermilers’ Are Trying to Beat High Gas Prices

The New York Times – On the Runway:
Gas prices have risen sharply since the start of the Iran war. Some drivers are using special techniques to maximize their miles per gallon and save at the pump.
Canada’s Retaliatory Tariffs Set to Take Effect as Trump Threatens to Escalate

The New York Times – On the Runway:
New Canadian levies of up to 50 percent are expected to begin Tuesday, even as Washington warns of a new round of American tariffs.
Oil Prices Rise Slightly After U.S. and Iran Trade Strikes

The New York Times – Business:
Brent crude, the global benchmark for oil, was up about 1 percent as trading resumed on Sunday, while the national average price of gas was nearly $4.15 a gallon.
OPEC Plus to Keep Oil Production Steady

The New York Times – Business:
The decision on Sunday by the cartel of oil-producing nations and some of its allies came after the resumption of U.S. and Iranian military strikes in the Persian Gulf.