White House senior adviser John Podesta said Tuesday, April 16, 2024, that President Joe Biden will do anything to ensure affordable gasoline prices. When asked if the Administration was considering releasing more crude oil from the Strategic […]
Daily Standup Top Stories U.S. Northeast Gasoline Reserve Could Be Sold Off March 4, 2024 Mariel Alumit The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding […]
WASHINGTON, March 3 (Reuters) – A measure in the U.S. funding legislation unveiled by congressional leaders on Sunday would block China from buying oil from the Strategic Petroleum Reserve. The desire for a hard line […]
IER Key Takeaways 1:After draining 180 million barrels of oil to get gas prices down before the 2022 elections, President Biden is beginning to add small amounts of oil to the Strategic Petroleum Reserve. 2: […]
Nasdaq The U.S. Department of Energy said on Thursday it hopes to buy six million barrels of crude oil for delivery to the Strategic Petroleum Reserve in December and January, as it continues its plan […]
Energy Secretary Jennifer Granholm said Thursday that the United States could begin purchasing oil to refill the Strategic Petroleum Reserve as early as June, offering the administration’s most optimistic timeline to date as to how soon it might begin […]
A remarkable political consensus has emerged: the world needs more oil. Confirmation of that reality didn’t come from any oil executive but from President Biden, who recently admonished U.S. oil companies “to deploy these record-breaking profits to […]
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