Tag: Oil (Petroleum) and Gasoline
Trump Gets Caught in a Dilemma Over a Saudi Plea for Military Help
The president vacillated but decided on Sunday not to join Saudi Arabia, for now, in joint strikes against the Houthis in Yemen. But he also needs the kingdom’s cooperation in his war against Iran.
As a New Oil Power, China Gains More Sway Over Energy Markets
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.
Global Economy Is Running Out of Wiggle Room
Many countries blunted the most painful effects of the energy shock from the war in Iran. But prices remain elevated and risks are multiplying.
Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks
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.
House Directs Trump to Halt War With Iran or Secure Congress’s Approval
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.
Latest Energy Crisis Leaves Governments With Few Good Options
From Indonesia to Guatemala to Syria, shortages and price increases are setting off protests and blackouts.
Key U.S. Bond Rate Near 20-Year High as Oil Prices Keep Climbing
The 10-year Treasury yield breached levels last seen in 2007, with intensifying worries about energy-driven inflation contributing to bond investors’ angst.
What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.
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.
Oil Prices Jump as Attacks Choke Off Saudi Energy Supply
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.
Saudi Arabia Faces ‘Worst-Case Scenario’ After Being Rebuffed by Trump
The kingdom is in a state of strategic shock after coming under attack from an emboldened Iran and failing to win more U.S. military support, analysts say.