In March 2022, as fuel prices spiked, the Biden Administration announced their decision to sell off 180 million barrels of crude oil from the Strategic Petroleum Reserves (SPR).
In March 2022, as fuel prices spiked, the Biden Administration announced their decision to sell off 180 million barrels of crude oil from the Strategic Petroleum Reserves (SPR).… https://oilandenergyonline.com/articles/all/refilling-spr-matter-numbers-and-decades/
The latest forecasting from the U.S. Energy Information Administration (EIA) anticipates higher crude oil prices in late 2023 and into 2024.
The latest forecasting from the U.S. Energy Information Administration (EIA) anticipates higher crude oil prices in late 2023 and into 2024. This upward pressure will be caused by… https://oilandenergyonline.com/articles/all/eia-oil-prices-rise-rins-drop/
Last month, OPEC+ released a surprise announcement, that, beginning May 2023, they would drastically cut crude production for the year by over 1 million barrels per day.
Last month, OPEC+ released a surprise announcement, that, beginning May 2023, they would drastically cut crude production for the year by over 1 million barrels per day.
Amid… https://oilandenergyonline.com/articles/all/surprise-announcement-opec/