President Joe Biden urged the Federal Trade Commission to probe possible illegal conduct in U.S. gasoline markets, though any inquiry by the agency is unlikely to have an immediate impact on pump prices paid by consumers. SourceContinue Reading

Oil companies spent $191.7 million buying drilling rights in the Gulf of Mexico on Wednesday, during a robust government auction that underscored the industry’s appetite for new crude as the White House seeks to shift the U.S. away from fossil fuels. SourceContinue Reading

Oil tumbled to the lowest in nearly six weeks as investors considered the prospect of a release of crude supplies from strategic reserves. SourceContinue Reading

Is The U.S. Shale Patch Refusing To Pump For Political Reasons? | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Nov 17, 2021, 7:00 PM CST President Biden’s calls on OPEC to increase...Continue Reading

Should The Oil Market Be Worried About Skyrocketing EV Sales? | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Nov 17, 2021, 6:00 PM CST This year, President Joe Biden unveiled a plan to make half of all vehicles...Continue Reading