Tag: oil markets

Energy, Industry Focus Areas

Biden to Tap Strategic Oil Reserves, as Crude Prices Drop

March 31, 2022

Via: The Wall Street Journal

President Biden will tap up to 180 million barrels of government oil reserves over six months to address the rise in energy prices following Russia‚Äôs invasion of Ukraine, the White House said Thursday. The decision to release oil from the […]

Energy, Industry Focus Areas

Oil Demand Is Recovering Despite Vaccination Hiccups, IEA Says

April 14, 2021

Via: The Wall Street Journal

A year after the pandemic and a price war sparked one of the weakest months in history for oil prices, the global energy market is well on its way to recovery, the International Energy Agency said Wednesday. In its monthly […]

Energy, Industry Focus Areas

Oil Slips From Nine-Month High With Markets in Risk-Off Mode

December 7, 2020

Via: Transport Topics

Oil fell from its strongest close in nine months, hampered by weaker risk sentiment in global markets. Crude futures were down 0.9% in New York, with the dollar rising and European equities and U.S. stock futures declining. Oil rallied last […]