barrels

WASHINGTON: The Biden administration said it is buying 3 million barrels of oil to begin to replenish US strategic reservesthat officials drained earlier this year in a bid to stop gasoline prices from rising amid production cuts by OPEC…

U.S. Transportation Secretary Pete Buttigieg says it ordered a shutdown of the Keystone oil pipeline this week, after a leak of 14,000 barrels of crude oil was discovered in northeastern Kansas."We are monitoring & investigating the…

US President Joe Biden speaks in the East Room of the White House about Russian military activity near Ukraine February 22, 2022, in Washington, DC. — AFPWASHINGTON: US President Joe Biden will announce Wednesday he’s putting the…

Issued on: 19/10/2022 - 03:42 President Joe Biden will announce Wednesday he's putting the final 15 million barrels on the market from a record release of US strategic oil…

WASHINGTON: President Joe Biden will announce on Wednesday (Oct 19) he's putting the final 15 million barrels on the market from a record release of US strategic oil reserves, with more releases possible if energy prices spike, a senior US…

U.S. President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations, and he will say more oil sales are…

The OPEC+ alliance of oil-exporting countries on Wednesday decided to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for…

Two million fewer barrels of oil are to be produced each day, equivalent to 2% of global supply, the Organisation of the Petroleum Exporting Countries (Opec) and Russia have agreed. The move is an effort to increase prices in…

OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move yet since the COVID-19 pandemic to address oil market…

The Organization of the Petroleum Exporting Countries (Opec) and its partners, such as Russia, collectively termed Opec+, have decided to cut crude oil production by 100,000 barrels per day (bpd) from October onwards, at a meeting on…