Welcome to your five-minute recap of the trading day. The numbers The Australian sharemarket has finished the week in the red, weighed down by the mining and technology stocks, as investors keep a watchful eye on the growing conflict in the Middle East and the latest monthly jobs data out of the US. The S&P/ASX […]
ASX closes in red as Biden comment sparks oil price surge Read More »
Dubai: President Joe Biden said on Wednesday he is in discussions regarding possible Israeli strikes on Iranian oil facilities, a comment that caused oil prices to spike by five per cent on Thursday, just a month before the US presidential election. Biden assured reporters that he does not expect Israel to retaliate against Iran for
Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Jun 07, 2024, 1:30 PM CDT The Biden administration has announced the purchase of an additional six million barrels of crude oil for the Strategic Petroleum Reserve
Biden Administration Seizes Opportunity to Refill SPR Amid Price Dip Read More »
WASHINGTON (AP) — The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer. The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a
By Robert Rapier – Apr 11, 2024, 5:00 PM CDT Department of Energy cancels solicitations for Bayou Choctaw SPR site deliveries, citing oil price increases. Despite promises to refill the SPR, Biden Administration halts purchases as market dynamics shift. Predictions of limited SPR replenishment align with historical trends of presidential actions in election years to
Biden Administration’s SPR Plans Derailed by Oil Price Surge Read More »
