Oil prices fell and stocks rose after President Trump’s about-face to pause the U.S. operation to escort commercial ships through the Strait of Hormuz
Category: Oil (Petroleum) and Gasoline
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Tell Us How High Gas Prices Have Affected Your Finances
With fuel costs soaring from the war with Iran, we want to hear how you’re feeling about the U.S. economy.
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Ford Says an Affordable Electric Pickup Truck is Still Coming Next Year
Ford Motor has written off $20 billion in electric vehicle investments but says it is forging ahead with an electric pickup that will sell for $30,000 next year.
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Oil Prices Slide but Remain Elevated as Middle East Tensions Escalate
Oil prices fell, giving back some of the gains from the previous day as attacks in the Middle East raised concerns about the war starting again.
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As Oil Prices Stay High, China Doubles Down on Wind Power
An industrial policy of subsidies and import restrictions laid the foundations for China to become almost as dominant in wind turbines as in solar panels.
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‘City of Glass’ Is Under Threat From Iran War
In India, Firozabad has depended on its glassmaking industry for centuries. Fuel prices are starting to shatter businesses already under pressure.
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Oil Prices Fall While Stock Futures Inch Up
Oil prices fell and futures on the S&P 500 rose slightly on Sunday as investors reacted to continued uncertainty about the war in Iran.
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OPEC Plus, in Symbolic Gesture, to Increase Oil Production
The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
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These Countries Embrace E.V.s to Avoid Oil Price Shocks
People in Costa Rica and other Latin American, Asian and African countries are increasingly buying electric vehicles to avoid spiking fuel prices.
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Not Even Japanese Bathhouses Are Immune From Shocks of Iran War
High fuel costs are imperiling the Japanese sento, a long-declining industry that remains a vital social lifeline for the country’s isolated elderly.
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Spirit Airlines Prepares to Shut Down
The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.