The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
Category: Prices (Fares, Fees and Rates)
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OPEC Plus, in Symbolic Gesture, to Increase Oil Production
The New York Times – Business: -
These Countries Embrace E.V.s to Avoid Oil Price Shocks
The New York Times – Business:People in Costa Rica and other Latin American, Asian and African countries are increasingly buying electric vehicles to avoid spiking fuel prices.
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Spirit Airlines Cancels All Flights, Stranding Passengers
The New York Times – Business:The budget carrier abruptly canceled flights early on Saturday, leaving passengers to rush to make other plans. “Even if they go back into business, never again,” one traveler said.
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Spirit Airlines, a Pioneer of Low-Fare Flights, Shuts Down
The New York Times – Business:Spirit once upended the industry by offering very low fares but was in its second bankruptcy in two years after years of struggle.
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Not Even Japanese Bathhouses Are Immune From Shocks of Iran War
The New York Times – Business:High fuel costs are imperiling the Japanese sento, a long-declining industry that remains a vital social lifeline for the country’s isolated elderly.
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Spirit Airlines Prepares to Shut Down
The New York Times – Business:The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
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Oil Cools Slightly After a 4-Year High
The New York Times – Business:The price of Brent crude, the international benchmark, dipped more than 2 percent a day after it rose above $120 a barrel in volatile trading.
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Maryland Is First to Ban A.I.-Driven Price Increases in Grocery Stores
The New York Times – Business:A state law that goes into effect in October prohibits grocery stores and third-party delivery services from using consumer data to boost prices.
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Stocks and Oil Prices Sent Conflicting Signals in April Amid Havoc of Iran War
The New York Times – Business:Energy markets remained disrupted by turmoil in the Middle East, while the S&P 500 posted its best month since November 2020.
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Utility Bills Are Likely to Be Higher This Summer. Here’s What You Can Do.
The New York Times – Business:The average bill is forecast to rise 8.5 percent. There are simple ways to make sure you’re not overpaying, like getting your air-conditioning checked.
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business:American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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Obamacare Enrollment Drops Sharply as Costs Rise
The New York Times – Business:Americans can’t afford the higher health insurance premiums that resulted from Congress’s refusal to extend federal tax credits.