President Joe Biden tried to deliver a Thanksgiving gift for US drivers on Tuesday, announcing the country’s largest-ever release of stored oil in a bid to drive down petrol prices. Continue Reading
U.S. President Joe Biden on Tuesday touted his administration’s international and domestic efforts to tackle inflation and high gasoline prices, promising Americans a drop in prices at the pump ‘before Continue Reading
This morning’s release from the US Strategic Petroleum Reserve comes after a prolonged period of White House attempts to use the limited tools at its disposal to drive down prices Continue Reading
Highlights Dec ’21, Jan ’22, Feb ’22 basis prices down 30-35 cents Permian output nears prior record high at 14 Bcf/d US weather forecasts dampen heating demand outlook Winter forward Continue Reading
Crude oil futures edged lower in mid-morning trade in Asia Nov. 23, paring modest gains notched overnight, as investors remained risk-averse despite recent comments by OPEC delegates that they could Continue Reading
Oil declined ahead of an expected announcement by the U.S. and other major consumers on a release of emergency reserves in a bid to tame high fuel prices and rampant Continue Reading
Oil advanced amid speculation that OPEC and its allies may not add as much supply to the market as previously planned if the U.S. releases crude reserves in coordination with Continue Reading
Rystad Energy’s senior oil market analyst outlines what the market will now be focusing on. What the market will now be focusing on is mostly the gravity of the pandemic’s Continue Reading
Poll: About 50 percent of Americans are worried about being able to afford to fill up their cars Respondents of a CBS News Poll blame high prices at the pump Continue Reading
President Joe Biden launched an aggressive attack on gasoline prices last week, enlisting China and other nations in a possible joint release of oil reserves, and sharpening a probe into Continue Reading
