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Biden releases 50 million barrels of U.S. oil reserve
U.S. President Joe Biden's administration said the release of 50 million barrels from the U.S. Strategic Petroleum Reserves (SPR) will start hitting the market in mid to late December. Read more
Nov 23, 2021
Will banning exports lower gas prices?
Instituting a ban on U.S. crude exports has currently been put forward for consideration as a “tool” to alleviate rising U.S. gasoline prices—average price in October up 36% from a year ago. Read more
Nov 16, 2021
Oil prices near $83 as U.S. inflation weights
Oil prices drifted lower as the market grappled with concern over increasing U.S. inflation, and after OPEC cut its 2021 oil demand forecast due to high prices. Read more
Nov 11, 2021
