The price fear factor for crude oil rose following the Oct. 7 Hamas terrorist attacks on Israel, and crude prices continued to rise in subsequent weeks over fears the conflict could escalate region-wide. But in […]
Daily Standup Top Stories Switzerland To Keep Nuclear Plants Operating For Longer Than Planned November 8, 2023 Allen Santos Switzerland’s nuclear power plant operators plan to keep the facilities operational for longer than initially planned, spokespeople […]
Oil Price The Department of Energy has issued an invitation for bids for some 3 million barrels of crude that will go into the strategic petroleum reserve as part of refill efforts. In the announcement, the DoE […]
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 […]
An energy crisis spawned by a Middle East war 50 years ago spurred the U.S. to create a huge crude oil stockpile to shield the country from threats by unfriendly nations. Now the oil lying […]
The U.S. Energy Information Administration (EIA) has revealed its latest Brent spot average price forecasts for 2023 and 2024 in its October short term energy outlook (STEO), which was released this week. According to the […]
After their tumble overnight yesterday amid bearish risk appetites, oil prices have soared back to new cycle highs as traders mulled the effects of rapidly tightening supplies after API reported yet another weekly drawdown in […]
Energy Secretary Jennifer Granholm spoke with a senior Chinese energy official the same week that the US began tapping its Strategic Petroleum Reserve in November 2021 — later selling some oil to a Beijing-backed firm linked to […]
WASHINGTON (Reuters) -The Biden administration has pulled an offer to buy 6 million barrels of oil for the Strategic Petroleum Reserve, an Energy Department spokesperson said on Tuesday, as oil prices are expected to keep […]
While it took the Biden administration the better part of six months to drain the US oil supply down to a precarious 20-days of emergency reserves (a 40-year low), it will take decades to refill […]
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