Page 35 - Energy Commodities News Today

President Joe Biden has made another false claim about gas prices.

There is one surefire cure for high gas prices. Unfortunately, its far worse than the problem itself: A recession.

Presidents dont have magic wands to make inflation disappear. But they do have a powerful tool that can help ease the pain of high gas prices: The Strategic Petroleum Reserve.

Former US Treasury Secretary Larry Summers said Thursday its "more likely than not" the US will enter a recession, calling it a consequence of the "excesses the economy has been

A group of Democrats in Congress is calling on President Joe Biden to keep releasing oil from Americas emergency oil stockpile through at least the end of the year.

OPEC said Monday it would reduce oil production next month, the cartels first output cut since the depths of the pandemic, as it braces for a global economic slowdown to

The Biden administration has been pushing for governments to introduce a price cap.

Rising mortgage rates are taking a toll on the US housing market. But those hoping for prices to drop probably wont catch a break anytime soon.

A sigh of relief as the UN-brokered humanitarian deal reopened Odesa's port to allow Ukrainian grain through may have been premature

With lower gas prices effectively putting more money back in their pockets, Americans continued to spend last month. But persistent inflation has reshaped their shopping habits.