Por: Fox Business Business October 07, 2022
President Biden said Thursday he had a reaction of disappointment after OPEC+ decided to cut oil production. Biden said the U.S. is looking at alternatives and that we haven't made up our mind yet. is once again tapping into the country's emergency stockpile of oil as the White House tries to prevent gasoline prices from spiking again, reducing the petroleum reserve to its lowest level in four decades. The nation's Strategic... + full article
Portland Press Herald USA World October 08, 2022
When the Organization of the Petroleum Exporting Countries and its partners – often known as OPEC Plus – announced a production cut of 2 million barrels of oil on Wednesday, the reaction in the United States was less than positive. In a statement, the White House called the... + más
What does the OPEC+ oil cut mean for US gas prices? | ABC News
No Need For Russian Crude Price Cap; Markets Will Do It Themselves. | Forbes
Orlando Sentinel USA Business October 06, 2022
FRANKFORT, GERMANY — Major oil-producing countries led by Saudi Arabia and Russia have decided to slash the amount of oil they deliver to the global economy. And the law of supply and demand suggests that can only mean one thing: higher prices are on the way for crude, and for... + más
OPEC Thumbs Its Nose At President Biden | Forbes
Progressives who back Green New Deal outraged over OPEC oil production cuts | Newsweek
ABC News USA Business October 06, 2022
An alliance of oil-producing countries on Wednesday announced a dramatic cut in oil output with major implications for , industry analysts told ABC News.The group of nations known as OPEC+, led by Saudi Arabia and Russia, agreed on Wednesday to cut oil production by 2 million... + más
The OPEC+ oil cut will impact US gas prices. Here's how. | ABC7
FRANKFURT, Germany -- Major oil-producing countries led by and Russia have decided to slash the amount of oil they deliver to the global economy. And the law of supply and demand suggests that can only mean one thing: higher prices are on the way for crude, and for the diesel... + más
Forbes USA Business October 05, 2022
Getty Images Key Takeaways Oil prices have been on a wild ride over the past two years. They have gone from dropping to negative amounts at the start of the pandemic to $160 per barrel earlier this year, and have now declined by half their value since their highs. Investors and... + más
Forbes USA Business September 30, 2022
The looming EU ban on Russian crude imports, a deepening global economic contraction, and simple logistics costs will dramatically limit Russia’s oil revenues.Russian oil revenues will fall hard as the global economy weakens and the European Union ban on ... [+] Russian crude... + más
EU countries approve energy windfall levies, turn to gas price cap | CNBC
Allies aim for risky Russian oil price cap as winter nears | WPLG Local 10
The New York Times USA Business September 29, 2022
Since Russia’s invasion of Ukraine, President Biden has overseen the largest sale of oil from the Strategic Petroleum Reserve ever, to ease prices at the gasoline pump.Having released 160 million barrels of crude since March, more than a quarter of the stockpile, the Energy... + más
What Hurricane Ian means for food and gas prices | ABC News
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