Category: Oil (Petroleum) and Gasoline

This Is Not China’s War, but Beijing Started Preparing for It Years Ago

The New York Times – Business:
Long concerned about geopolitical crises, China redoubled efforts to secure energy security when President Trump started raising the stakes in his first term.
OPEC Plus Warns of Slow Recovery After War in Iran

The New York Times – Business:
The group of influential oil exporters also said it was increasing its production quotas, a largely symbolic move.
Oil Markets Seem More Skeptical of Trump’s Peace Signals

The New York Times – Business:
After seesawing between diplomacy and threats, the president may find it harder to knock down prices by suggesting pauses or progress in talks.
Uber and Lyft Offer Gas Price Relief, but Drivers Say It’s Not Enough

The New York Times – Business:
As fuel costs go up, making a living as a gig driver is harder than ever.
In the Philippines, Rising Fuel Prices Force Travelers to Stay Home During Holy Week

The New York Times – Business:
Surging gasoline prices in the Philippines have forced some people to cancel or scale back the Visita Iglesia, a Holy Week tradition in which Catholics travel to seven churches.
Republicans Seek Protections for Oil Giants Against Climate Lawsuits

The New York Times – Business:
Utah passed a law to insulate oil companies against efforts to make them pay for their role in global warming. A nationwide version is in the works.
Mortgage Rates Climb for 5th Week as Iran War Weighs on U.S. Housing Market

The New York Times – Business:
The average rate on a 30-year mortgage in the United States jumped to 6.46 percent, making it harder for buyers to afford homes.
Bad, Very Bad and Much Worse: Pick a Forecast for the War and Economy

The New York Times – Business:
A merely bad outlook might be good enough for the markets, our columnist says.
Tesla Sales Rise as $4-a-Gallon Gas Revives Interest in E.V.s

The New York Times – Business:
The repeal of tax credits last year sent electric vehicle sales plummeting. But with gas prices soaring, consumers are taking another, cautious, look.
Why Trump’s Iran Address Failed to Soothe Markets

The New York Times – Business:
Oil surged and stocks sold off after the president delivered an unclear case for continuing the war in the Middle East.
Oil Prices Jump and Stocks Drop After Trump’s White House Speech

The New York Times – Business:
President Trump claimed in a White House address that the war on Iran was “nearing completion” but made no new announcements about the conflict.
G.M. Reports Sharp Decline in Car Sales Amid War and High Prices

The New York Times – Business:
Toyota, Honda and Hyundai reported drops in March. Some blamed gasoline prices.