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1 min read
The US made $4 billion selling oil this year on President Biden's unprecedented releases from the Strategic Petroleum Reserve
Sales from the Strategic Petroleum Reserve total 180 million barrels at an average of $96.25 per ba…
Phil Rosen
3 mins read
See the private jets a Bahamian aviation firm says Sam Bankman-Fried and FTX funded with a $28 million handshake deal, which are now at the center of a 3-way ownership battle
Sam Bankman-Fried loaned $28 million to a Bahamian private jet company to purchase an Embraer Legac…
Pete Syme,Taylor Rains
2 mins read
Biden tries again to lower gas prices and slams oil companies for raking in record profits 'while a war is raging'
The president announced Wednesday the federal government would step in yet again to put more oil on…
Juliana Kaplan,Ben Winck
2 mins read
Biden just took a major step towards solving America's fuel crisis
The White House said it will guarantee to buy some oil from drillers to replenish an emergency rese…
Juliana Kaplan,Joseph Zeballo…
1 min read
Oil prices could jump 17% by summer as crude has now bottomed out, top shale CEO says
"The question is when do we break out? I predict sometime this summer we'll break past $80 WTI on t…
Phil Rosen
2 mins read
Biden just took a page out of Trump's vaccine playbook to solve gas price problems
If you've filled up your car recently, you know gas prices are high. Biden is trying to put in plac…
Juliana Kaplan,Joseph Zeballo…
2 mins read
Biden just took a big swing at lowering gas prices ahead of the midterm elections
Voters are worried about inflation and the economy. Biden's latest move could help with prices at t…
Juliana Kaplan
2 mins read
US strategic oil reserves have hit their lowest level since 1985 after Joe Biden's record sales
Stockpiles have fallen by more than 160 million barrels this year after the White House ordered the…
Harry Robertson
2 mins read
Oil prices drop below $105 as Biden's record release of stocks and IEA's emergency meeting lift supply hopes
The 180-million barrel US release is the third time the Biden administration has tapped the SPR in …
Shalini Nagarajan
3 mins read
The US decision to release 180 million barrels of oil will help offset the loss of Russian supply and keep prices steady, JPMorgan says
The Energy Department will likely miss its target of releasing 1 million barrels of oil a day, but …
Carla Mozée
2 mins read
Trump's allies want Biden investigated for selling oil reserves to China even though Trump did the same thing in 2017
While Trump and his allies ripped Biden for selling oil reserves to Sinopec, records show the Trump…
Matthew Loh
2 mins read
Here's why tapping the US oil reserve has led to America increasing crude exports - and why even more US energy supplies could be shipped overseas
"But the unintended consequence of federal intervention is that more barrels than ever before are b…
Phil Rosen
1 min read
Saudi Arabia's energy chief slams nations for using emergency oil reserves to manipulate prices and warns of future pain from supply shortages
Countries shouldn't use emergency reserves to lower prices, as that could lead to more pain in futu…
Jennifer Sor
1 min read
The oil market is set to tighten rapidly as winter approaches and prices are still on track to top $120 a barrel, energy expert says
"The market is going to tighten up very, very quickly," Amrita Sen said, noting the energy market w…
Jennifer Sor
2 mins read
Dow soars 550 points in big relief rally as investors weigh key earnings reports
The Dow jumped over 500 points in Monday's session. Bank of America reported upbeat earnings, and i…
Jennifer Sor
2 mins read
Biden has the power to lower your price at the gas pump, and he's facing increasing pressure to do so
Biden asked OPEC to boost oil production, but the cartel refused. Now he's eyeing several new optio…
Ben Winck
2 mins read
US stock futures edge higher ahead of key jobs data as tumultuous Q1 comes to a close
Futures rose ahead of key jobs data that is expected to show unemployment fell in March, while oil …
Adam Morgan McCarthy
2 mins read
Oil prices plummet 4% as the US weighs up largest-ever release from its strategic reserves
Crude oil headed for an 11% weekly loss after reports the US may release as much as 180 million bar…
Adam Morgan McCarthy
2 mins read
Oil prices will hover near $90 in 2023 as Russian production bounces back to pre-war levels, JPMorgan says
"Essentially, the US signaled it is 'happy' for India to continue buying as much Russian oil as it …
Matthew Fox
2 mins read
Oil prices could find a floor near $80 per barrel as Biden administration considers refilling the Strategic Petroleum Reserve
The potential move by the Biden administration is seen as protecting US oil-production growth by pr…