Oil

President Biden’s move to tap the U.S. Strategic Petroleum Reserve is expected to supply China and India oil needs as gas demands have led to global shortages, reports said Tuesday.

Ranking Member on the Senate Energy Committee Sen. John Barrasso said Tuesday that President Biden’s decision to tap into U.S. oil reserves was no “substitute” for addressing gas shortages.

For the greater part of my life, I’ve watched my father, husband, and son work tirelessly on pipelines across our nation – creating conduits for safe, reliable, and environmentally-conscious energy transport.

Oil prices ticked higher as the market doubts President Biden's move to tap strategic petroleum reserves.

A number of critics, including the U.S. Chamber of Commerce and former President Trump, opposed President Biden’s decision to tap into the Department of Energy’s Strategic Petroleum Reserve, slamming the Biden administration for “ineffectual band aids” that will not replace domestic production.

A decade-old interstate carbon tax concept may be as good as dead now as governors from Connecticut, Massachusetts and Rhode Island withdrew, leaving no states fully committed.

President Biden said the Department of Energy will release 50 million barrels of oil held in the U.S. Strategic Petroleum Reserve, as gas prices spike.

Why tapping strategic petroleum reserves would be a band-aid, not a long-term solution.

Oil prices are getting slammed with downward volatility on renewed COVID-19 fears.

The average price for a gallon of gasoline in the U.S. is about $3.41, with California getting hit hardest. The average price for a gallon of gasoline in "Golden State" is $4.69, according to AAA.

The Biden administration has asked some of the world’s largest oil-consuming nations to consider releasing some of their crude reserves in a coordinated effort to lower prices and stimulate the economic recovery, according to several people familiar with the matter.

A slim 32% of Americans plan to travel for turkey day this year, which is a 35% decline from the last November, during the height of the coronavirus pandemic, according to GasBuddy's 2021 Thanksgiving Travel Survey.

The U.S. Department of Interior announced that new oil and gas leasing within 10 miles of Chaco Culture National Historical Park will be prohibited for the next two years as officials consider a proposal to withdraw federal land in the area from development for a 20-year period.