War in the Middle East

China had more than a billion barrels of crude oil in reserve when the war in Iran disrupted the market. The country has also spent years diversifying its energy sources and accelerating electrification.

Brent Crude? West Texas Intermediate? What’s the difference?

As war in the Middle East disrupts global supply, governments are urging individuals to conserve — even as most energy demand comes from industry and transportation.

Petrochemicals derived from oil sit on store shelves in the form of plastics, fertilizers, detergents, and packaging.

As with many major geopolitical events, the war in Iran could be a headwind or a tailwind for different parts of banks’ businesses.

Higher inflation, lower unemployment, and a war — what’s all this mean for the job market going forward?

WTI, Brent and Dubai oil are the three major oil benchmarks that serve as reference prices for traders. Meanwhile, the sourness or sweetness of the oil dictates how complex the conversion process will be.

Plastic prices are rising as war in the Middle East constrains supply chains and global petrochemical markets.

Mohamed El-Erian, professor at the Wharton School and chief economic advisor at Allianz, says the war, among other things, is wearing down confidence in the U.S. and its “ability to inform and influence outcomes.”

The price of a barrel of oil has dipped below $95 this morning on news of a two-week ceasefire between the U.S. and Iran.