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News
USA-OIL/RESERVE
1+ week, 6+ day ago (192+ words) An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, June 9, 2016. Javascript is required to use this website. An oil storage tank and…...
Fishing boats worldwide tuck dockside as diesel prices surge on Iran war
3+ mon, 2+ week ago (133+ words) KENNEBUNK, Maine — Captain Chris Welch of Kennebunk, Maine, is catching fewer lobsters this spring because spiking diesel prices have made it too costly to take out his fishing boat as often as he normally would. Boat weather has officially arrived…...
Rising diesel costs from Iran war strain US school budgets
3+ mon, 3+ week ago (150+ words) US President Donald Trump has said that Americans’ financial situations are not on his mind “even a little bit” during talks with Iran. Speaking on the White House Lawn, Trump told reporters that the “only thing that matters” when talking…...
Higher fuel costs could soon squeeze budgets for Nebraska agencies
4+ mon, 2+ week ago (472+ words) LINCOLN, Neb. (KOLN) — Wednesday’s average gas price in Nebraska hit $3.84 — up more than 80 cents from this time a year ago, with diesel costing about $1 more. For local governments and school districts that use thousands of gallons of fuel a week,…...
Iran war's global energy crisis sharpens China's advantage in clean tech
5+ mon, 2+ hour ago (139+ words) HONG KONG — China is poised to benefit from the Iran war as global energy disruptions accelerate a shift away from fossil fuels and toward clean technologies and renewable power, industries that China dominates. Ghosal reported from Hanoi, Vietnam. Delgado reported…...
Oil prices gives back much of their morning jump as US stocks climb on a still hopeful Wall Street
5+ mon, 12+ hour ago (641+ words) Hope remains on Wall Street that both sides can still avoid a worst-case scenario for the global economy in the US-Iran war, and U.S. stocks climbed. The S&P 500 rose 0.6% Monday after erasing an earlier dip. The Dow Jones Industrial Average…...
Iran war puts focus on petrochemicals used in numerous products and a driver of climate change
5+ mon, 1+ day ago (226+ words) BOGOTA, Colombia — The Iran war has exposed deep vulnerability in the global economy: dependence not just on oil, gas and coal for fuel, but on petrochemicals that underpin everything from food production to plastic packaging. Runoff samples from two agricultural…...
Soaring gas prices leads to biggest monthly inflation spike in four years in March
5+ mon, 4+ day ago (83+ words) The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the... WASHINGTON — The largest monthly jump in gas prices in…...
Travelers face higher costs and fewer flight options as jet fuel prices swing
5+ mon, 4+ day ago (110+ words) A new reality is setting in for travelers worldwide: rising fees, fewer flight options and difficult decisions about whether a trip is worth the cost. Starting this week, both airlines will now charge $45 for the first bag and $55 for the…...