World/International

As refinery shutdowns and specialized fuel rules drive up California gas prices, Texas’ vast refining network and oil-friendly policies are helping keep fuel costs lower.

The Purchasing Managers’ Index from S&P Global this month shows a booming manufacturing sector, while service industries are stagnating.

China controls most of the world’s supply of tungsten, which is used to weld and cut other types of metal.

In their new book, co-authors Chad Bown and Soumaya Keynes make the case that in a global economy where trade wars are everywhere, the best thing to do is learn how to fight them.

The state isn’t seeing a boom from the energy supply crunch. That limits the uptick in tax revenue that comes from higher prices, and makes employment unlikely to see a big boost.

As the war continues and inflation rises, the cost of government borrowing is going up too.

Americans still buy a lot of big pick-up trucks. On top of that, the Trump administration ended subsidies for electric vehicles and stopped enforcing fuel efficiency rules.

Tensions are once again rising around conflict in the Middle East, rattling global markets. Government bond and oil prices are both up this morning.

The war in Iran has cost Americans more than $40 billion in additional fuel costs, according to an analysis from Brown University’s Watson School of International and Public Affairs.

Years of investment on the Gulf Coast helped turn the U.S. into the world’s largest LNG supplier. Now that the war has upended the global industry, conflict could shape future investment and demand.