Russian President Vladimir Putin and Chinese President Xi Jinping pose for a group photo during the … [+] G20 Summit in Osaka in 2019. (Photo by DOMINIQUE JACOVIDES/AFP via Getty Images) AFP via...
Tag: SPR
Fact-Checking Donald Trump On The Strategic Petroleum Reserve
Former US President Donald Trump speaks at the Mar-a-Lago Club in Palm Beach, Florida, on November … [+] 15, 2022. – Donald Trump pulled the trigger on a third White House run on November ...
What Next For The Strategic Petroleum Reserve?
In an aerial view, the Strategic Petroleum Reserve storage at the Bryan Mound site is seen on … [+] October 19, 2022 in Freeport, Texas. (Photo by Brandon Bell/Getty Images) Getty Images The Adm...
Biden Sacrifices National Security For Midterm Votes With SPR Drawdown
St. James Terminal, a marine unloading and distribution point for crude oil, a U.S. Department of … [+] Energy owned site located southwest of Baton Rouge, La., on the Mississippi River, is show...
The Implications Of U.S. SPR Withdrawals
The Strategic Petroleum Reserve’s (SPR) oil is sold competitively when the President of the United States of America finds, pursuant to the conditions set forth in the Energy Policy and Conservation A...
The Biden Administration’s Irrational Desire To Limit U.S. Energy Exports
Liquid Natural Gas tanker at port with LNG liquefaction plant in background. getty Another active week in the energy space ended with the Wall Street Journal reporting that the CEO of ExxonMobilXOM , ...
As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’ – Economics Bitcoin News
Two days ago, U.S. president Joe Biden was criticized for claiming inflation in America hasn’t increased during the past few months. “I’m telling the American people that we’re going to get control of...
Spirit AeroSystems Catches Rare Double Downgrade. It’s Good for Boeing.
Text size Spirit AeroSystems generates roughly 60% of its sales from Boeing Scott Barbour/Getty Images A key Boeing supplier is facing some headwinds, and the reason why could be good news for Boeing...
The Strategic Petroleum Reserve Is At Its Lowest Level Since 1984
HOUSTON, TEXAS – APRIL 01: A person pumps gas at a Shell gas station on April 01, 2022 in Houston, … [+] Texas. The Biden administration announced Thursday that the U.S. will release up to...
Oil Prices Top $111 As Biden’s SPR Buyback Plan Leaks
The Biden Administration will purchase 60 million barrels of crude in Q3 in an effort to replace volumes in the U.S. strategic petroleum for the first time in nearly 20 years, CNN reports, after autho...
Biden’s Wasteful SPR Release
Gasoline price increases typically lead to decreased approval ratings for incumbents no matter the … [+] political party. getty President Biden’s release of 180 million barrels, one million per ...
Crude oil price: upside risk persists despite SPR releases
Crude oil price remains under pressure as the market continues to react to the soaring COVID-19 cases in China and SPR releases from key consuming countries. Earlier on Monday, Brent futures dropped t...
No, Former President Trump Did Not Fill The Strategic Petroleum Reserve
WASHINGTON, DC – APRIL 20: U.S. President Donald Trump speaks during a daily briefing of the … [+] coronavirus task force at the White House April 20, 2020 in Washington, DC. Oil prices fe...
Crude oil price outlook amid talks of US SPR releases
Crude oil price has edged lower as the US considers making yet another release from its Strategic Petroleum Reserve (SPR). The bulls are defending the support at the psychological level of $100 with ...
As Russia presses its war with Ukraine, here are 10 aerospace and defense stocks expected to rise up to 39%
No matter when the shooting stops and Russia’s war in Ukraine comes to an end, it seems clear from actions taken by European countries that we’re entering a period of increased defense spending. Below...
SPR Release Had A Minimal Market Impact—But Might Be Repeated
President Joe Biden. (Photo by Tom Brenner/Getty Images) Getty Images Oil price stability is in the eye of the beholder, but without question, after last year’s collapse, prices have been relatively s...
FAA Boeing 787 approval could spell good news for these stocks
The companies that supply components for the 787 Dreamliner could benefit from the FAA’s reported approval of a Boeing Co. process for validating fixes to each plane before they are shipped to custome...