Oil prices climbed again on Friday as armed clashes intensify in Israel and, increasingly, beyond.
Category: Oil (Petroleum) and Gasoline
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China’s Economic Stake in the Middle East: Its Thirst for Oil
China is the largest oil importer by far from Saudi Arabia and from Iran, highlighting the risk it faces if the war in Israel and Gaza were to broaden.
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Exxon Acquires Pioneer Natural Resources for $60 Billion
The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in the Permian basin in Texas and New Mexico.
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Israeli Start-ups Are Joining the Fight Against Hamas
The country is mobilizing 360,000 reservists as it prepares a major offensive in Gaza — including entrepreneurs and their young staff.
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Fragile Global Economy Faces New Crisis in Israel-Gaza War
A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”
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Tallying the Costs of the Israel-Gaza War
The price of crude oil has risen and global markets are under pressure as the death toll exceeds 1,100 and Israel begins a “complete siege” of the Gaza Strip.
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Oil Prices Jump on Fighting in Israel and Gaza
After flirting with $100 a barrel this summer, crude prices had fallen significantly in the past week on the expectation that demand was waning.
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Stocks and Bonds Have Taken Losses. Invest in Them Anyway.
Most people have lost money in the markets over the last several months, but people who have held on have prospered, our columnist says.