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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 ...
That acquisition will add $1 billion to the company's annual free cash flow, assuming oil prices average around $70 a barrel. Unfortunately for Occidental, crude prices have recently slumped below ...
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 ...
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 ...
Oil futures dropped as much as 2% on Wednesday before paring losses as traders weighed what Donald Trump's presidential victory could mean for energy prices.
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.
The world is going to need fossil fuels far longer than President Biden seems to think.
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.