For the second time in a week, U.S. President Joe Biden has managed to confuse the American public, taking advantage of the average person-on-the-street’s lack of knowledge about the global oil market. This is what […]
President Joe Biden is harming national security by ordering the release of massive amounts of oil from the Strategic Petroleum Reserve. The release is a cynical political move, but it will backfire. Biden announced Thursday he […]
(Bloomberg) — The Biden administration doesn’t anticipate selling offshore drilling rights in the Gulf of Mexico through at least October 2023, effectively stretching a delay in that activity to a third year, according to economic projections included […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 3.4 million barrels for the week to March 25. This compared with a decline of 2.5 million barrels the EIA […]
NEW YORK, (Reuters) – U.S. oil exports have climbed following Russia’s invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub are instead being exported via the […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 3.4 million barrels for the week to March 25. This compared with a decline of 2.5 million barrels the EIA […]
Source: U.S. Energy Information Administration, Petroleum Supply Monthly Earlier this month, President Biden banned U.S. imports of crude oil, refined petroleum products, natural gas, coal, and coal products that originate in Russia. The President’s executive order, however, does not […]
Benchmark natural gas rose to the highest in two months early on Friday despite a lower than expected draw on storage and mild temperatures on expectations for higher demand following a pact between the United […]
As the world reels from an energy crisis that is resulting in skyrocketing gas and oil prices, there is debate about solutions within the United States. Pennsylvania is the second largest producer of natural gas […]
Soaring oil prices have brought Alaska its biggest budget surplus in nearly 20 years, along with a debate in Juneau over whether to spend the money on education and infrastructure or save it for the […]
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