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.
Category: United States
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business: -
Where in the World Is All That Gold Stored?
The New York Times – Business:As central banks buy more gold, where to put all that heavy metal is an increasingly important question. Reserves must be secure and ready to trade in a crisis.
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Ford Reports Higher Profit Thanks Partly to Tariff Refund
The New York Times – Business:Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
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Loss of Emirates Further Weakens OPEC’s Influence
The New York Times – Business:The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
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Prime Minister Mark Carney Says Canada’s Economy Is Expected to Grow and Deficit to Fall
The New York Times – Business:Prime Minister Mark Carney’s budget update keeps to his path of diversifying away from the United States.
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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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United Airlines Says It Pitched American on Merger but Was Rebuffed
The New York Times – Business:United’s chief acknowledged for the first time that he had broached the idea of a merger with American, which was unwilling to consider it.
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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.
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Over 200,000 Heated Socks Sold at Costco Recalled After Reports of Burns
The New York Times – Business:The socks, from the brand 32 Degrees, were linked to reports of first- and second-degree burns, according to U.S. product safety regulators.
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As Trump Officials Pushed Health Savings Accounts, Kennedy Aide Had Wellness Company Stake
The New York Times – Business:Calley Means remained president of a company that relied on health savings accounts last year as the Trump administration developed policies to expand them.