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A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Register now for FREE unlimited access to Reuters.comRegister HOUSTON, Sept 8 (Reuters) – U.S. President Joe Biden’s administration is weighing the need for […]
The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adrees Latif Register now for FREE unlimited access to reuters.com Register Nov 25 (Reuters) – The United States has launched an auction for 32 million barrels of crude from four strategic petroleum […]
A crude oil tanker is seen at Qingdao Port, Shandong province, China, April 21, 2019. REUTERS/Jason Lee/File Photo Oil prices down around 4% on Thursday Biden wants coordinated release of stockpiles – sources China says it intends to release some stockpiles Japan . . .
Cowboy farmer and oil pumpjack Getty Images U.S. oil was under pressure on Thursday, adding to an overnight plunge on a Reuters report that the United States was asking major oil consumers like China and Japan to consider a coordinated release of oil reserves to lower prices. The bid by the U.S. administration to shock […]
A worker collects a crude oil sample at an oil well operated by Venezuela’s state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins MELBOURNE, Nov 17 (Reuters) – Oil prices dropped on Wednesday after U.S. gasoline stocks fell more than expected last week, which could heighten pressure on the Biden administration […]
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