WASHINGTON — Vice President JD Vance said Thursday that he doesn’t think of the US conflict with Iran as “a war” due to the lack of full scale fighting — while saying that China is “willing to play ball” with US efforts to sever Tehran’s economic ties to achieve a peace deal. “I wouldn’t call…
As the global gas market grapples with the Strait of Hormuz being all-but closed for nearly three months, traders are fixated on two wildcards: China and the weather. Summer forecasts are pointing to higher-than-normal temperatures across Asia, while an El Niño weather pattern could make things even hotter. That will boost air-conditioning use and strain…
It hasn’t been long since Oklahomans could fill up their tanks for less than $2 a gallon. Now, due to ongoing conflicts in the Middle East, prices have skyrocketed. The national average keeps climbing. According to AAA Fuel Prices, the national average rose to $3.956 as of Monday, March 23. Oklahoma’s average slightly decreased from…
When Gary Dirks arrived in China in 1995, the country’s government was looking to source more of its energy at home. Dirks was the incoming country head for BP, but efforts to find more oil and gas in the country had largely fizzled. So government leaders pivoted, Dirks said. China invested heavily in its domestic…
Qatar’s energy minister on Thursday warned that the ongoing conflict in the Middle East could “bring down” world economies and that the Gulf energy exporters would shut down production within weeks. Qatar suspended liquefied natural gas production on March 2, causing a massive leap in prices, after Iranian strikes hit Gulf energy facilities in an…
Inflation may be increasing at a slower pace than expected, the markets might be cheering, and the Fed will likely soon be cutting, but Diane Swonk isn’t popping Champagne. The veteran economist says the economy “looks better than it feels” because the very data used to measure it is eroding, and the illusion of resilience could…