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In Biden’s case, many of the dynamics that supercharged oil and gas industry profits during his presidency were not directly related to his administration’s policies: Russia’s invasion of ...
That's due to the sales of hundreds of millions of barrels authorized by President Joe Biden to try to lower gas prices ... and now that crude oil prices have fallen below the government's target ...
The world is going to need fossil fuels far longer than President Biden seems to think.
On Biden's way out of the White House, he has been imposing tighter environmental restrictions, including just this week, when Biden approved a new tax on methane emissions and implemented tighter ...
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 ...
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.
Crude inventories dropped by 5.52 million barrels for the week ending March 8 versus expectations for a draw of 400,000 barrels, according to data from the American Petroleum Institute (API).
Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. Supply and demand issues, including a slowdown in China's economy, are pressuring prices.