oil prices

An oil drilling site in Midland, Texas. (Desiree Rios / For The New York Times)

‘Wait, baby, wait’: Slumping oil prices reflect economic worries

Fears Trump’s tariffs will slash global economic growth — and oil demand — are weighing on the market.

 

Gov. Mike Dunleavy discusses his proposed budget for the 2024 fiscal year during a press conference at the Alaska State Capitol in December 2022. A lower-than-expected revenue forecast is raising questions about what the state's spending plan will ultimately look like. (Mark Sabbatini / Juneau Empire File)

Lower revenue forecast increases budget woes for state lawmakers

Coming up with a spending plan for next year and beyond will be a complex series of negotiations.