Strategic Petroleum Reserve (US)

Biden Seeks to Tame Oil Prices if Mideast Conflict Sends Them Soaring

The president has previously drawn down the Strategic Petroleum Reserve to ease price pressures, but that could be more difficult now

By Jim Tankersley and Ben Casselman

Commodities Inflation (Economics) Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Refineries Strategic Petroleum Reserve (US)

Gas Prices Have Crept Higher This Summer, a Challenge for the Fed

Now at their highest level in 11 months, they can complicate the Federal Reserve’s campaign to rein in inflation.

By Santul Nerkar

Biden, Joseph R Jr Energy Department Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Russian Invasion of Ukraine (2022) Strategic Petroleum Reserve (US) United States Politics and Government

Biden Administration to Buy Three Million Barrels of Oil

The move appears to signal an end to the government’s effort to sell oil from a strategic reserve to help tamp down energy prices, which soared after Russia’s invasion of Ukraine.

By Clifford Krauss

China Economic Conditions and Trends Embargoes and Sanctions Energy and Power Europe International Relations International Trade and World Market Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Production Russia Russian Invasion of Ukraine (2022) Strategic Petroleum Reserve (US) United States United States Economy

Oil Prices Slide as Investors Worry Energy Demand Is Slowing

The U.S. benchmark oil price fell below $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.

By Clifford Krauss

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