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The world is going to need fossil fuels far longer than President Biden seems to think.
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 ...
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 ...
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.
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 ...
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 ...
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.
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 ...