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Last year, gas prices spiked above $5 a gallon following Russia’s invasion of Ukraine, which set off a panic in the oil market. Biden urged US oil companies to pump more oil – exactly the ...
The U.S. is producing more oil than ever, and that's helping gas prices stay low. However, even amid inflation anxiety, the Biden administration isn't openly celebrating the increased output.
The energy industry’s recent profit windfall underscores the limited influence of any US president — whether in favor of fossil fuel or not — in the global oil and gas market. In Biden’s ...
Critics accuse President Joe Biden of waging a war on the oil industry that is hurting consumers at the gas pump. And yet, on his watch, US oil production is poised to shatter all-time records set ...
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 ...
Biden told Democrats that "the America of your dreams is calling you to get back up — that's the story of America for 240 years and counting. It's the story for all of us, not just some of us ...
President Biden responded to the rise in oil prices following OPEC+'s announcement that it plans to cut production by 2 million barrels a day.
S&P forecasts that oil market share for the OPEC cartel will rise from 36% in 2020 to 42% by 2040, while the non-OPEC share, including the United States, drops from 64% to 58%.