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Jun 17, 2024 · US petrol prices averaged $3.45 a gallon on Sunday, according to the AAA motoring group, down slightly from a year ago but still more than 50 per cent higher than when Biden succeeded Donald...
- Jamie Smyth
Jun 26, 2024 · In response to Russia's invasion of Ukraine in February 2022, which caused petroleum prices to rally, Biden authorized the US Department of Energy in March 2022 to sell 180 million barrels of crude from the SPR. Republicans have criticized the move as politically motivated and risky.
4 days ago · This study investigates the spillover effects between oil and stock prices from 2000 to 2022, utilizing the multivariate EGARCH model. The database includes three periods—the entire sample, the pre-pandemic era, and COVID-19. The analysis unveils insights into the dynamics of spillover effects. Findings reveal an asymmetry in spillover effects, with a prevailing negative impact trend from ...
6 days ago · Refilling the SPR – A Matter of Numbers, and Decades. In March 2022, as fuel prices spiked, the Biden Administration announced their decision to sell off 180 million barrels of crude oil from the Strategic Petroleum Reserves (SPR).
3 days ago · Oil prices gained about 1% on Wednesday after a larger-than-expected decline in U.S. crude stocks, but gains were capped by concerns about rising global inventories in thin trading ahead of...
Jun 20, 2024 · Global crude oil prices, measured in US dollars per cubic meter. This data is not adjusted for inflation.
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Jun 11, 2024 · U.S. crude oil production grows in our forecast by 2% from 2023 to an annual average of 13.2 million barrels per day (b/d) in 2024 and by another 4% in 2025 to 13.7 million b/d.
