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Oil Price Outlook: Crude May Top $120 As Markets Are Set to Tighten

"The market is going to tighten up very, very quickly," Amrita Sen said, noting the energy market would continue to be choked by supply problems.

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US Does Not Plan to Release More Oil From Reserves After 6-Month Period - White House

WASHINGTON (Sputnik) - The United States does not plan to release additional oil from the Strategic Petroleum Reserve (SPR) after the six-month period to which. 26.07.2022, Sputnik International

United statesOctober betweenJoe bidenUs oil reserves

The chokehold of Black Gold on the US

Most Americans believe country is in a poor economic state as oil companies have been asked to lower gas prices amid the lack of a reliable natural gas supply has caused countries around the world including the US to burn more coal for electricity.

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Over 5 mn barrels of oil from US reserves sent overseas

The export of crude and fuel is blunting the impact of the moves by US President Joe Biden to lower record pump prices.

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Major Oil Traders Are Set to Cut Purchases of Russian Oil: Report

Major oil trading houses are set to significantly reduce the amount of oil they purchase from Russia from May 15th, a report says.

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