Category: Oil (Petroleum) and Gasoline

Why the Price of Gas Has Such Power Over Us

The New York Times – Business:
“When prices go up, we have this feeling of oppression that we can’t do everything we want.”
US Executives Are Flocking to Saudi Davos in the Desert

The New York Times – Business:
Some top American business leaders are headed to the Saudi business conference. But Biden administration officials, angry over the kingdom’s stance on oil production and ties with Russia, are staying away.
How Finnair’s Huge Bet on Faster Flights to Asia Suddenly Came Undone

The New York Times – Business:
When Russia closed its airspace, it upended the decades-long strategy for making Finland a European travel hub to and from the East.
Biden Expands Effort to Lower Gas Prices and Secure Energy Independence

The New York Times – Business:
Draining of emergency oil reserves draws criticism that the White House is trying to lower gas prices with midterm election politics in mind.
U.S. to Release Millions More Barrels of Oil to Contain Gas Prices

The New York Times – Business:
The Department of Energy will release 15 million more barrels from the Strategic Petroleum Reserve and plans additional releases this winter.
In the Netherlands, Balancing Energy Security Against Climate Concerns

The New York Times – Business:
A central location and web of gas pipelines are helping boost gas imports in the country even as it tries to stick to its clean energy goals.
Tens of Thousands March in Paris to Protest Rising Living Costs

The New York Times – Business:
The demonstration occurred on the heels of strikes at oil refineries, adding to a tense political atmosphere.
War Colliding With Recession Risks Leave Energy Markets on Uncertain Path

The New York Times – Business:
Russia’s invasion of Ukraine, along with governments’ reactions to that, might mean that prices rise. Or they could fall on fears of a global economic slowdown.
Gas Prices Fall Slightly, but Overall Energy Costs Are Expected to Rise.

The New York Times – Business:
An increase in energy prices could complicate the Federal Reserve’s campaign to tame inflation.