President Biden announced US will decrease Gas Prices with release of Oil from SPR

President Biden announced US will decrease Gas Prices with release of Oil from SPR

On Tuesday, President Joe Biden announced a plan to release oil from the SPR (Strategic Petroleum Reserve), in coordination with other countries. This is part of efforts to tamp down high gas prices facing American consumers with the busy Thanksgiving holiday and travel season beginning. The US Department of Energy will also release 50 million […]

OPEC Meeting on 30th November to Extend Oil Cuts

On Thursday, the global oil markets have shown stability. It was due to rising production of U.S crude oil and indexes were beaten the expectations. The OPEC will boost an ongoing production cut during a meeting and it is expected at the end of current month. Brent crude oil prices were at 61.98 U.S dollars […]