Hopes for an end to the war in Iran faded after President Trump failed to secure a commitment from China to help persuade Iran to reopen the Strait of Hormuz.
Category: Oil (Petroleum) and Gasoline
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Oil Prices Climb on Fears of Broader Energy Crunch
The New York Times – Business: -
It’s Not Just U.S. Stocks. A.I. and Oil Are Moving Global Markets, Too.
The New York Times – Business:Intel, along with Taiwan and South Korea, are the latest winners, our columnist says. True diversification is hard to find.
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Consumers Spent More in April Despite High Gas Prices
The New York Times – Business:Retail sales rose 0.5 percent despite higher prices for gas, food and other goods. But there are signs consumers are under some strain.
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Oil Prices Rise as Trump Meets China’s Xi
The New York Times – Business:The president is expected to urge the Chinese leader to help ease tensions in the Middle East by helping to persuade Iran to end the war.
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An Uncertain World Awaits the Reopening of the Strait of Hormuz
The New York Times – Business:Fatih Birol of the International Energy Agency, who orchestrated a multinational release of oil reserves, detailed the risks facing the economy now and beyond.
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A Start-Up Aiming to Make Geothermal Energy Mainstream Goes Public
The New York Times – Business:Fervo Energy, which uses drilling techniques from the oil and gas industry to produce power from the earth’s heat, raised $1.9 billion in an initial public offering.
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Fuel Prices Drive Sales of E.V.s, Just Not in the U.S.
The New York Times – Business:Electric vehicle sales have soared in Europe and much of the rest of the world, but Americans are still hesitant.
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Wholesale Prices Jumped in April, in Latest Sign of War’s Economic Ripples
The New York Times – Business:The Producer Price Index rose in April at its fastest pace in four years, government data showed, a day after consumer prices showed inflation was surging.
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What You Need to Know About the Federal Gas Tax
The New York Times – Business:President Trump said he would like to suspend the 18.4-cent-a-gallon tax, but it’s a move that may save drivers only a few dollars a month.
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Tomato Prices Soar as War, Tariffs and Weather Affect a Popular Crop
The New York Times – Business:Tomato prices surged nearly 40 percent in April, the Consumer Price Index showed.
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The Iran War Is Taking the Color Out of Japan’s Best-Known Snack Bags
The New York Times – Business:The food giant Calbee said shortages of naphtha, a crude-oil derivative used in inks, were forcing it to switch to black-and-white packaging for its salty products.
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Oil Prices Rise on U.S.-Iran Standoff
The New York Times – Business:President Trump has declared the American cease-fire with Iran is on “life support,” and investors are taking a cautious approach as the lack of progress in peace talks weighs on the markets.