The U.S. has bought 6 million barrels of oil for the Strategic Petroleum Reserve for delivery through May 2025, the ...

Now, the reference value that matters is $50 a barrel. First, a spoiler alert. I’m not about to predict whether that new ...

WASHINGTON (Reuters) -The U.S. has bought 6 million barrels of oil for the Strategic Petroleum ... President Joe Biden ordered the largest ever sale from the reserve in 2022 of 180 million barrels ...

At the same time, the Saudi Government has rescinded its unofficial plan of keeping oil prices at $100 a barrel as it plans to increase the kingdom’s output. The Islamic bonds come as a form of ...

The Department of Energy has taken advantage of relatively low crude prices that are below the $79.99/bbl target price at which it wants to buy back oil after the 2022 SPR sale of 180M barrels.

The US has bought 6 million barrels of oil for the Strategic Petroleum Reserve ... after President Joe Biden ordered the largest ever sale from the reserve in 2022 of 180 million barrels in ...

I always view qualifiers like “completely” when referring to something being empty or full as redundant ... the SPR contained 638 million barrels of oil. By mid-2023, that level had dropped ...

Other companies have continued to engage with Galp on the sale, the sources said. Exxon and Galp declined to comment. Mopane is estimated to hold at least 10 billion barrels of oil and gas ...

Discover Biden’s SPR refilling strategy and how much oil is being replaced. Learn the facts about the SPR oil replacement.

The Biden administration netted just over $27,000 in a Wyoming oil and gas lease sale Wednesday ... Intermediate is hovering around $70 per barrel this week, which Mason said isn’t enough ...