Whatever the short-term benefits for producers, the market upheaval could accelerate the transition away from oil, he says.
Tag: Prices (Fares, Fees and Rates)
Biden Officials Weigh Russian Oil Ban as Gas Prices Soar
Global stocks dipped on Monday as U.S. officials discussed an oil cutoff, and gas prices hit a national average above $4, up more than 10 percent in a week.
Pakistan Will Cut Energy Prices to Offset Rising Costs After Invasion
Critics said the move by Prime Minister Imran Khan was aimed at stemming increasing criticism of his handling of the economy and would provide only temporary relief.
Your Monday Briefing: Ukraine Agrees to Talks
Plus new research into the pandemic’s origins and North Korea’s latest missile test.
Russia’s War With Ukraine Is Already Costing Russian Economy
Despite the Kremlin’s efforts to obscure the offensive in Ukraine, the costs of the war were already evident in both economic and social turmoil.
Ukraine War Strains North Africa Economies
Egypt imports most of its wheat from Russia and Ukraine, and is looking for alternative suppliers. And Tunisia was struggling to pay for grain imports even before the conflict.
A Key Inflation Gauge Is Still Rising, and War Could Make It Worse
The Federal Reserve’s preferred measure is at a four-decade high. Rising gas prices tied to Russia’s invasion of Ukraine could push it up further.
Federal Reserve Isn’t Likely to Change Course After Ukraine Invasion
Central bankers are poised to raise interest rates in March. The Russian invasion of Ukraine poses a risk to economic growth but will likely exacerbate inflation.
The US Economy and The Russian-Ukraine Conflict: What Does it Mean?
The Russian attack on Ukraine could push up oil and food prices globally at a time of already-high inflation. In the U.S., it will drive up uncertainty.
Russia’s Moves in Ukraine Unsettle Energy Companies and Prices
Oil and gas prices are up, and Western energy giants with operations and investments in Russia could find it harder to keep doing business there.