Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
Category: Oil (Petroleum) and Gasoline
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Saudi Aramco Reports 33% Profit Surge Despite War’s Disruption
The New York Times – Business: -
Documents Undercut Trump’s Claims About Bears Ears National Monument
The New York Times – Travel:President Trump said recreation in Bears Ears National Monument was virtually impossible. Documents reviewed by The New York Times show officials knew otherwise.
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Trump’s ‘Perimeter of a Deal’ Rallies the Market
The New York Times – Business:Bullish investors are out in force on Monday despite more mixed messages about potential U.S.-Iran peace talks.
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Oil Prices Plummet as Investors Digest Pause in Fighting in Iran War
The New York Times – Business:The markets’ moves were the first since President Trump said late Saturday that he had halted a U.S. assault as Iran.
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BP Puts Its North Sea Drilling Business Up for Sale
The New York Times – Business:The plans are part of the energy giant’s efforts to streamline operations, but BP has deep roots in the region.
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Iran War Drives Oil Profits to Highest Levels in Years
The New York Times – Business:The world’s biggest oil companies are benefiting from the high commodity prices that have been a drag on the rest of the economy.
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Europe Is Caught Between Low Gas Reserves and Rising Prices From Iran War
The New York Times – Business:Across Europe, reserves of natural gas for use in the winter months are lagging, meaning continued higher prices for households and businesses.
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The German Auto Industry, a Pillar of the National Psyche, Is Trembling
The New York Times – Business:The country’s iconic carmakers are struggling with tariffs, the growth of electric vehicles and intense competition from Chinese companies.
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Trump’s Tariff Exemptions Include Diamonds, Oil and Gas, Copper and Other Items
The New York Times – Business:A new round of tariff carve-outs has raised familiar questions about who should receive the lucrative exceptions, and why.
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Oil Prices Wobble as Middle East Veers Toward Wider Conflict
The New York Times – Business:Bond yields are also higher on concerns about inflation.
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Sanctions Bill Would Give Trump Sweeping New Tariff Powers
The New York Times – Business:A bipartisan bill in the Senate would allow President Trump to impose tariffs on the biggest importers of Russian energy.