There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US.
President Joe Biden will soon announce a release of 15 million barrels of oil from the nation’s emergency reserves. The move completes Biden’s March directive to release 180 million barrels from the ...
LONDON (Reuters) - The world's biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price ...
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