Oil Prices

Biden’s Comments Stir Oil Markets Amidst White House Briefing Tensions

On Sunday, reports from Israeli news outlets indicated that the administration under President Joe Biden proposed a "compensation package" to Israel. This offer aims...

Biden Faces GOP Backlash Over Record SPR Depletion in Election Year

The sale of the first 30 million of the 180 million barrels of oil from the Strategic Petroleum Reserve (SPR) by the Biden administration...

Press Secretary Faces Questions Over Biden’s Popularity in Swing States

White House Press Secretary Karine Jean-Pierre faced repeated questions from Fox News White House correspondent Peter Doocy on Tuesday regarding President Joe Biden's low...

Oil Prices Surge Following Intense Israeli-Hamas Conflict

Brent crude soared to $87.92 a barrel, marking an increase of almost 4%, whereas U.S. West Texas Intermediate crude experienced a rise of 4.16%, reaching $86.23 a barrel.

‘Russia Got Richer Even as the War in Ukraine Raged on Last Year, While the West Shed Trillions of Dollars of Wealth’: Business Insider

Against the backdrop of the West's stringent sanctions on Russia following its invasion of Ukraine.

U.S. Inflation Rises to 3.2% Under Biden

Digging deeper into the data, "core inflation," which excludes the often fluctuating prices of food and energy, rose to an alarming 4.7% for the year.

Gas Prices Drop for 4th of July

Current national average gas price still 35% above the figure at the close of the Trump administration in 2019.

China Takes the Lead in Global Electric Vehicle Market

In 2022, over 10 million battery electric cars and plug-in hybrids were sold worldwide, with China accounting for a staggering 60% of these sales.

U.S. Gas Prices on the Rise, Worst Yet to Come

"Oil prices remain a wildcard, but we’re likely a few weeks away from seeing the national average peak," says head of petroleum analysis at GasBuddy.

Oil Giant Saudi Aramco Posts $161 Billion Profit for 2022, Climate Activists Outraged

Climate activists reacted with equal measures of anger and despair Sunday at the news oil giant Saudi Aramco achieved record profits totalling $161.1 billion last year.

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