organization of the petroleum exporting countries

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U.S. to release millions more barrels of oil to contain gas prices

U.S. to release millions more barrels of oil to contain gas prices

The Department of Energy will release 15 million more barrels from the Strategic Petroleum Reserve and plans additional releases this winter.
Biden will tap oil reserve, hoping to push gasoline prices down

Biden will tap oil reserve, hoping to push gasoline prices down

The administration said the president would announce a plan to release reserves of crude daily for six months.
oil prices energy climate

Iraqi minister says high oil prices could speed the shift to E.V.s

Even with boycotts upending supplies from Russia, major oil-producing countries are likely to hold the line on output for now, keeping prices high and reaping the benefits. But that course could prove detrimental in the long run.

Loss of Russian oil leaves a void not easily filled, straining market

Loss of Russian oil leaves a void not easily filled, straining market

Global production will take time to ramp up, so the U.S. and other buyers will chase limited supplies, creating upheaval unseen in decades.
Soaring oil prices prompt response from International Energy Agency

Soaring oil prices prompt response from International Energy Agency

The announcement was aimed to assure markets that there would be “no shortfall” as a result of Russia’s invasion of Ukraine, but oil prices kept rising, closing above $100 a barrel.
White House weighs release of more oil from strategic reserve

White House weighs release of more oil from strategic reserve

America’s emergency stockpile was tapped in November, seemingly to little effect.
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