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As it stands, the reserve is a "nice insurance policy," Gross says, and now that crude oil prices have fallen below the government's target price of $79 per barrel, it is likely that further ...
With two weeks left in office, President Joe Biden is ending his presidency the same way he started it: halting oil production. On Monday, he announced a ban on offshore oil and natural gas ...
The Biden administration has bought back 59 million barrels after the 2022 sale at an average price of less than $76 a barrel, far lower than the $95 a barrel it sold oil in 2022.
A person fishes with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. President Joe Biden has permanently banned future offshore oil and gas ...
In the near term, as far as the demand for crude oil markets, it’s been a little different. Last month imports fell by about 10% from the month prior, and there’s been a year-over-year drop of ...
On Tuesday oil alliance OPEC maintained its prior forecast for global oil demand to grow by 2.2 million barrels per day in 2024. In March OPEC+ extended output cuts of 2.2 million per day into the ...
The world is going to need fossil fuels far longer than President Biden seems to think.
Crude oil prices spiked last week amid fears the Israel-Hamas war could broaden to other countries — namely Iran — a key global oil producer.. Despite last week's gains, prices are still ...