The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
Category: Prices (Fares, Fees and Rates)
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Loss of Emirates Further Weakens OPEC’s Influence
The New York Times – Business: -
Starbucks Reports Strong Store Traffic and Rise in Quarterly Sales
The New York Times – Business:The chain’s chief executive credited its turnaround plan for improved U.S. same-store sales, but said higher gas and utility costs were a concern.
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What Is OPEC, and How Does the Oil Cartel Influence Petroleum Prices?
The New York Times – Business:The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members have influenced energy markets through the years.
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Transition to a New Fed Chair Is Unlikely to Mean Immediate Rate Cuts
The New York Times – Business:The Federal Reserve is expected to hold interest rates steady this week as Jerome H. Powell presides over what is likely to be his last meeting as chair.
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Oil Prices Jump Again as U.S.-Iran Talks Appear Deadlocked
The New York Times – Business:Investors parsed reports that President Trump told advisers that he was not satisfied with Iran’s latest proposal to reopen the Strait of Hormuz.
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The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can
The New York Times – Business:Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
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Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise
The New York Times – Business:A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against Iran.
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The Rise of the High-Range, Less Expensive E.V.
The New York Times – Business:Even as the electric vehicle market slumps, there are more long-range E.V.s under $40,000 than ever before.
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The U.S. Started the War. The Rest of the World Is Feeling the Effects.
The New York Times – Business:In just eight weeks, much of the global economy has been knocked sideways. America has mostly been spared from the tumult.
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For the Modern C.E.O., It’s All About Being ‘Resilient’
The New York Times – Business:The ability to stay calm and lead through any kind of shock is the new normal for corporate executives.
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Muted Reaction as Oil and Stock Markets Reopen
The New York Times – Business:Oil prices rose and stocks fell after President Trump called off a trip to Pakistan by two U.S. negotiators for peace talks with Iran.
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Thousands of EV Car Leases Are Ending Soon, Giving Buyers a More Affordable Option
The New York Times – Business:The leases on hundreds of thousands of battery-powered cars and trucks will end in the next three years, and many will end up on used-car lots.