Category: Oil (Petroleum) and Gasoline

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.
U.S. and Israeli War With Iran Will Likely Send Oil Prices Soaring

The New York Times – Business:
Prices of oil and other commodities are expected to jump when trading resumes on Sunday, but how long they will stay high will depend on what the United States, Israel and Iran do next.
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.
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.
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.
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.
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.
Mixed Signals Churn Stock Market Despite Recent Highs

The New York Times – Business:
Major indexes have mostly been treading water for months, as investors’ exuberance for artificial intelligence wears off.
Jittery Markets Seek an Iran ‘Off-Ramp’

The New York Times – Business:
Oil prices spiked and stocks fell as tensions between Washington and Tehran unnerved investors.
Uber Taking Steps to Expand Number of EV Chargers Near Its Drivers

The New York Times – Business:
The company said it would encourage companies that operated chargers to install them in neighborhoods where its drivers lived and work.
Venezuela’s Natural Gas, Not Oil, Might Be a Big Early Prize

The New York Times – Business:
The South American country has natural gas that could be extracted and exported quickly, but U.S. sanctions, which are now being eased, have stymied development.
Chevron Points to Venezuela’s Promise as Big Oil Earnings Fall

The two largest U.S. oil companies, Chevron and Exxon Mobil, reported their lowest annual profits in years.