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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 ...
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.
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 ...
Biden hoped more supply would lead to lower prices at the pump, ... and now that crude oil prices have fallen below the government's target price of $79 per barrel, it is likely that further ...
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 ...
Crude was recently under $70 a barrel, well below the nearly $80 average it captured during the second quarter. Now the company's earnings and cash flow are likely to decline in the second half 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.
“It’s pure insanity to watch the Biden administration cut American oil production and then claim they can’t refill our critical reserve because of the price,” Daniel Turner, founder and ...