President Joe Biden announced on March 31 a new plan to ease prices at the pump—an unprecedented release of emergency oil. Multiple reports citing unnamed sources claim that a federal investigation into Hunter Biden, the president’s son, is ramping up.
Biden to Release Record Amount of Emergency Oil; Reports Claim Hunter Biden Probe Ramping Up | NTD Evening News
Will Oil Release Bring Down Gas Prices?; Expert: Russian Ruble Crisis May Not Be Over | NTD Business
Price hikes are not letting up, as the Fed’s inflation indicator hits a four-decade high. It’s even higher if you count food and energy. President Joe Biden is moving to release oil into the market from America’s reserve. Will it help bring down gas prices? The low number of ready-and-able workers might go even lower. New data…
Biden to Release 180 Million Barrels of Oil From Reserve
March 31, 2022
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Business & EconomycommoditieseconomyExecutive BranchGasinflationJoe BidenMarketsOilOPECPoliticsRussiaStrategic Oil ReserveUSUS News
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President Joe Biden is announcing Thursday that the United States will release an unprecedented 180 million barrels of oil from the nation’s Strategic Petroleum Reserve (SPR) over the next several months. The oil will be put out into the market at a pace of one million barrels per day on average for the next six…
Oil Prices Dive as OPEC+ Stuck to Its Existing Deal for May Output
LONDON—Oil prices plunged on Thursday, while OPEC+ stuck to its existing deal for May output. Brent crude futures for May, which expire on Thursday, were down $5.91, or 5.21 percent, to $107.54 a barrel by 1253 GMT. The most actively traded June futures were down $5.53 at $105.91, after falling by $7. U.S. West Texas…
Senator Advocates Australian Energy Independence and Oil Drilling Off Southern Coast
South Australian Liberal Senator Alex Antic has said he supports drilling for oil in the Great Australian Bight, a large oceanic bay off the southern coastline, in order to help Australia become energy independent. Speaking in federal Parliament on Tuesday, Antic said that former U.S. President Donald Trump was right to work towards making America energy independent, as…
Oil Rebounds on Tight Supply, Prospects of New Russia Sanctions
LONDON—Oil prices clawed back heavy losses to rise more than 2 percent on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as Moscow and Kyiv held peace talks. Brent crude futures were up $2.44, or 2.2 percent, at $112.67 by 1054 GMT, reversing a 2 percent loss in…
Texas Oil Can ‘Lead the Way’—But Will It Be Allowed To?
Texas Gov. Greg Abbott and Texas Railroad Commission chairman Wayne Christian asked President Joe Biden to “get out of the way” and “give the green light” respectively, so Texas oil can lead the way. “Texas can drill enough oil and natural gas to keep prices low here in America and in Europe if Biden would…
Oil Slips as Kazakh Supply Concerns Ease
March 25, 2022
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Business & EconomycommoditiescrisisEuropeglobalKazakhMarketsOilRussia-Ukraine WarstockssupplyUkraineWorld
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LONDON—Oil prices slipped on Friday, with some supply concerns easing after a partial export resumption from Kazakhstan’s CPC crude terminal. Brent crude fell $1.29, or 1.1 percent, to $117.74 a barrel at 1049 GMT and U.S. West Texas Intermediate (WTI) crude slid $1.80, or 1.6 percent, to $110.54 after both had dropped more than 2…
U.S. Announces New Russia Sanctions; BlackRock Chief: Ukraine War End of Globalization| NTD Business
President Biden announcing new sanctions against Russia today, targeting oligarchs and the russian economy. What would happen if the EU bans Russian oil imports? European countries would definitely feel the pain. But for how long? Governments around the world trying to fight inflation with price caps, tax cuts, and more hand-outs. Will these policies work? Ralph…
US Announces New Russia Sanctions; BlackRock Chief: Ukraine War End of Globalization| NTD Business
President Joe Biden announced new sanctions against Russia, targeting oligarchs and the Russian economy. What would happen if the EU bans Russian oil imports? European countries would definitely feel the pain. But for how long? Governments around the world are trying to fight inflation with price caps, tax cuts, and more hand-outs. Will these policies work?…
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