The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.
Category: Prices (Fares, Fees and Rates)
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As a New Oil Power, China Gains More Sway Over Energy Markets
The New York Times – Business: -
Trump Administration Wants ‘Made in the U.S.A.’ Labels on Beef
The New York Times – Business:Will consumers pay a premium for American beef? The Agriculture Department hopes so, in an effort to appease ranchers upset over increased imports.
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Fed Signals Another Rate Increase Could Be Coming
The New York Times – Business:Here’s how to read the Federal Reserve’s economic projections like a pro.
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Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks
The New York Times – Business:Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
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Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging
The New York Times – Business:Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.
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House Directs Trump to Halt War With Iran or Secure Congress’s Approval
The New York Times – On the Runway:It was the fifth time that a chamber of the Republican-controlled Congress has voted to rein in President Trump’s war powers as discontent with the conflict grows among voters.
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Bessent Defends Faltering Bond Market Intervention
The New York Times – Business:Testifying before Congress, the Treasury secretary said that he supported giving Americans $5,000 dividends if Republicans win in November.
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Rising Fuel Prices Set Off Anger and Protests Around the World
The New York Times – On the Runway:From Indonesia to Guatemala to Syria, shortages and price increases are leading to protests and blackouts.
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Key U.S. Bond Rate Near 20-Year High as Oil Prices Keep Climbing
The New York Times – Business:The 10-year Treasury yield breached levels last seen in 2007, with intensifying worries about energy-driven inflation contributing to bond investors’ angst.
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What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.
The New York Times – Business:President Trump recently blamed Ukrainian attacks on Russian refineries for causing a spike in diesel prices, but analysts say the Iran war is probably a bigger factor.
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Oil Prices Jump on Energy Supply Worries
The New York Times – Business:Traders sold oil futures on concerns that energy supplies from the Persian Gulf would be further diminished by a drone attack on a critical pipeline in Saudi Arabia.
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Oil Prices Jump on Energy Supply Worries
The New York Times – Business:Oil prices jumped and stock futures fell slightly on concerns that energy supplies from the Persian Gulf would be further diminished by a drone attack on a critical pipeline in Saudi Arabia.