Por: WPTV Nation October 19, 2022
President Joe Biden will announce Wednesday plans to release an additional 15 million barrels of oil from the U.S. Strategic Petroleum Reserve.The announcement comes weeks after major oil-producing nations part of the OPEC+ cartel announced it would cut production in hopes of forcing oil prices to go up. The 15 million barrels will bring the total amount of oil sold from the Strategic Reserve to 180 million barrels.The price of crude oil... + full article
NBC News USA Business October 20, 2022
WASHINGTON — President Joe Biden announced Wednesday that he would authorize the sale of more oil from the country’s Strategic Petroleum Reserve as his administration scrambles to rein in high gas prices before the midterm elections. Speaking at the White House, Biden said... + más
What is the Strategic Petroleum Reserve? | ABC News
What is the strategic oil reserve, and can it lower gas prices? | Portland Press Herald
Los Angeles Times USA World October 20, 2022
President Biden plans to release 15 million barrels of oil or more from the U.S. strategic reserves in an effort to stop gasoline prices from rising now that OPEC and its allies plan to cut production. The administration hopes that tapping the Strategic Petroleum Reserve, a move... + más
EXPLAINER: What is the Strategic Petroleum Reserve? | ABC News
ABC News USA Business October 19, 2022
As rising gas prices strain the budgets of many Americans, President is set to announce on Wednesday moves that aim to address the oil supply shortage behind the cost spike.Most notably, the announcement includes the release of 15 million barrels of oil from the nation's... + más
US Sanctions International Network Of Companies Selling Iranian Petroleum Products | RTTNews
Portland Press Herald USA World October 19, 2022
On Wednesday, President Biden announced another release of oil from the Strategic Petroleum Reserve. The White House released a huge amount of oil this spring, aiming to temper gas prices that had been driven up, in part, by Russia’s invasion of Ukraine and the U.S. ban on... + más
Forbes USA Business October 16, 2022
Getty Images Key Takeaways The Organization of the Petroleum Exporting Countries (OPEC) announced last week that it would cut production of oil by approximately 2 million barrels of oil per day. That’s a reduction in the global supply of about 2%. This announcement had an... + 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
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
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