Category: Prices (Fares, Fees and Rates)

G7 Countries Hold Off on Releasing Emergency Oil Supplies

The New York Times – Business:
Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
Justice Department and Live Nation Reach Settlement Terms in Antitrust Case

The New York Times – Business:
The agreement, which requires a judicial sign-off, would avoid a breakup of the concert giant. But states who joined the suit object to the terms.
Countries in Asia Try to Contain the Economic Fallout of the Mideast Conflict

The New York Times – Business:
Across Asia, where countries are highly exposed to rising oil and gas costs and tightening supply, governments are acting to mitigate economic harm.
Oil Remains Potent Geopolitical Tool, Decades After Energy Crisis

The New York Times – Business:
The war in the Middle East has sent prices soaring, showing how much the world continues to depend on reliable supplies of oil and gas.
U.S. Gasoline Prices, Rising Again, Are Now Up 17% Since Conflict Started

The New York Times – Business:
Interruptions in oil supplies in the Middle East, source of much of the world’s energy, are trickling down to what American drivers pay when they fill up.
Oil Prices Spike Over $110 a Barrel, Highest Since Pandemic

The New York Times – Business:
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
Stocks Tank in Asia as Oil Price Surges

The New York Times – Business:
Asian markets tumbled on Monday as Middle East tensions and spiking oil prices sparked a mass exit from the region’s previously booming stocks.
Oil Prices Surge Above $100 a Barrel for the First Time in Almost Four Years

The New York Times – Business:
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies. Stock futures fell about 1.5 percent.
War-Induced Inflation Spike Looms Over Europe’s Economic Recovery

The New York Times – Business:
For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course.
Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates

The New York Times – Business:
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
What Rising Oil Prices Could Mean for Drivers in the U.S.

The New York Times – Business:
A prolonged conflict in the Middle East could cause a spike at American gas pumps, as the busy driving season approaches.
Airline Stocks Tumble as Iran War Expands Across Middle East

The New York Times – Business:
Higher fuel prices and lower demand for international flights are eating into airlines’ profits.