Category: Oil (Petroleum) and Gasoline

S&P 500 Hits Record High Amid Rising Interest Rates and Elevated Oil Prices

The New York Times – Business:
The S&P 500 rose 0.6 percent on Tuesday, exceeding its previous peak set in August and taking its gain this year to more than 14 percent.
Trump Allows Cheaper, Dyed Diesel to Be Used in Nonfarm Vehicles

The New York Times – Business:
In Nebraska, President Trump announced an executive order to waive an off-road requirement for the fuel, which is exempt from the federal highway tax.
Geography Is Back With a Vengeance

The New York Times – Business:
Trade blockages in the Persian Gulf have reminded the world that there are forces as great as or greater than technology and globalization.
Burst of Attacks in Gulf Heightens Fears Over Fragile Energy Trade

The New York Times – Business:
Strikes on tankers in the Strait of Hormuz and oil infrastructure in Saudi Arabia came as the region’s exporters were getting more oil to the world market.
Supreme Court to Hear Major Environmental Lawsuit

The New York Times – Business:
The justices will begin their new term with a landmark case about whether local governments can sue oil companies over damages caused by climate change.
Rebuked by Bond Market, Bessent Says ‘House’ Does Not Always Win

The New York Times – Business:
The Treasury secretary said in an interview with Axios that he cannot control the Treasury market but argued that U.S. bond yields would come back down over time.
Russians Snap Up Chinese E.V.s as Ukrainian Attacks Make Fuel Scarce

The New York Times – Business:
As Ukraine increasingly takes the war to Russia, the effects may be most visible on the roads.
As Gas Prices Rose, Sales of Larger Vehicles Slid

The New York Times – Business:
Sales of big pickup trucks and sport utility vehicles have dipped as more Americans buy hybrids and smaller cars.
China Resumes Curbs on Fuel Exports, Tightening Global Energy Markets

The New York Times – Business:
China has started limiting exports of refined products again as its own inventories of crude oil and refined products have dwindled.
Trump’s Threat to Ban Diesel Exports Sets Off Global Alarms

The New York Times – Business:
A reduction in refineries has already driven the price of diesel to record highs, threatening economies. An U.S. export ban would be “tremendous shock and blow.”
Oil Is Flowing From the Persian Gulf, but Prices Remain High. Why?

The New York Times – Business:
Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.
How Middle East Oil Exports Started Recovering

The New York Times – Business:
Our business reporter Peter Eavis describes how oil exports from the Middle East have rebounded this month, getting closer to the levels seen before the Iran war.