Category: Oil (Petroleum) and Gasoline

Oil Prices Spike Over $110 a Barrel, Highest Since Pandemic

The New York Times – Business:
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
Stocks Tank in Asia as Oil Price Surges

The New York Times – Business:
Asian markets tumbled on Monday as Middle East tensions and spiking oil prices sparked a mass exit from the region’s previously booming stocks.
Oil Prices Surge Above $100 a Barrel for the First Time in Almost Four Years

The New York Times – Business:
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies. Stock futures fell about 1.5 percent.
Energy Secretary Says Tankers Could Start Moving Soon

The New York Times – Business:
“We’re not too long, I think, before you will see more regular resumption of ship traffic through the Strait of Hormuz,” Chris Wright said on CNN on Sunday.
War-Induced Inflation Spike Looms Over Europe’s Economic Recovery

The New York Times – Business:
For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course.
Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates

The New York Times – Business:
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
Trump’s ‘Whatever It Takes’ Rattles Global Markets

The New York Times – Business:
President Trump has signaled that he is open to the idea of a prolonged military conflict with Iran. Investors are spooked by that scenario.
Global Economy Is Facing the Prospect of Another Profound Shock

The New York Times – Business:
A protracted conflict in the Middle East risks a spike in energy prices and broader inflation.
What Rising Oil Prices Could Mean for Drivers in the U.S.

The New York Times – Business:
A prolonged conflict in the Middle East could cause a spike at American gas pumps, as the busy driving season approaches.
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.
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.
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.