Biden's crude sale moves to second round with bids due Jan. 4
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The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
The move follows President Biden's action to release 50 million barrels of oil from the SPR.
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
The first oil from President Joe Biden’s release from the country’s emergency crude reserves is being granted to Exxon Mobil Corp.
The White House said it is frustrating that gas prices have not fallen despite the drop in oil prices upon news of the Omicron variant and despite President Biden’s decision to tap the Strategic Petroleum Reserve.