Category: Oil (Petroleum) and Gasoline

Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy

The New York Times – Business:
Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
China’s Edge in an Oil Shock: Electric Cars and Renewables

The New York Times – Business:
Beijing’s decades-long push to reduce its dependence on foreign oil with huge investments in clean energy sources like electric vehicles is now paying off.
U.S. Vows to Block Iran’s Attempt to Shut Down Strait of Hormuz

The New York Times – Business:
Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.
Trump’s Move to Seize Oil Tankers Costs the U.S. Tens of Millions of Dollars

The New York Times – Business:
Although President Trump said seizing tankers would be a financial boon, the cost of maintaining just one aging ship has already reached $47 million.
How This Oil Supply Shock Compares to the Embargo of 1973

The New York Times – Business:
Governments have stockpiled oil, and cars are more efficient but the supply shock is global, and there’s no sense of when it’ll end.
The War in Iran Is Roiling the World, but Not the U.S. Stock Market

The New York Times – Business:
Investors say they are balancing the risks from oil disruptions against the many positives like strong corporate earnings and the likelihood that President Trump will end the war if it threatens markets.
The War in Iran Is Driving Costs Up. Here Are Some Ways to Save.

The New York Times – Business:
The widening war in the Mideast is making life more expensive. Experts shared some simple cost-cutting tips.
Kevin Warsh’s Dilemma as Fed Chair Nominee Amid Iran War

The New York Times – Business:
President Trump’s pick to lead the Federal Reserve could faces a tough road to confirmation if he seeks quick interest rate cuts. The war in Iran doesn’t help.
Surging Energy Costs Put German Industry ‘Really in Danger’

The New York Times – Business:
Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
Oil Prices Barely Budge After Trump Lifts Russia Sanctions

The New York Times – Business:
After surging about 10 percent on Thursday, oil prices had little reaction to the decision by President Trump to waive sanctions on the sale of some Russian crude.
War in Iran Has India Scrambling to Keep Stoves Lit for Cooking

The New York Times – Business:
India relies on huge quantities of cooking gas that is normally shipped from the Persian Gulf.
Fallout From Iran War and Oil Shock Deliver Another Blow to World Economy

The New York Times – Business:
Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.