The new measures are focused on Chinese companies that supply Iran’s military with materials to make drones.
Category: Refineries
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Why Is Gas So Much More Expensive in Some States Than Others?
The New York Times – Business:Shipping, taxes, competition and environmental regulations all play a part in the cost of gasoline. That can lead to stark differences in pump prices.
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Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The New York Times – Business:The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
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European Airlines Face Fuel Shortages Within Weeks
The New York Times – Business:If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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As Gas Prices Spike, California Is Hit Hardest
The New York Times – Business:A gallon has climbed to nearly $6 in the state, about $2 above the national average.
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With a New Nigeria Refinery, Africa’s Richest Man Wants ‘to Rescue the Country’
The New York Times – Business:Aliko Dangote, Africa’s richest man, has an ambitious vision for the continent’s most populous nation, but hurdles stand in his way.
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Venezuela’s Oil Riches Are Years Off, but Winners and Losers Will Emerge
Companies that already have operations in the country stand to benefit, but those that have profited from a standoff between Caracas and Washington could lose out.
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California’s High Gas Prices Could Climb Further as Refineries Close
The state has led the country in adopting electric cars and reducing gas use, but it now faces much higher gas prices as oil companies plan to shut down refineries.
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How Trump’s Canadian Oil Tariff Would Hit U.S. Refineries
The 10 percent tariff the president said he might impose in March could cause U.S. refineries to cut production and lead to higher prices.
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Trump Tariffs Could Hurt Oil Companies and Increase Gas Prices
Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on products from Canada and Mexico.