Petroleum

Biden tries to tackle his gas price problem by announcing the sale of 15 million barrels from the Strategic Petroleum Reserve  CNN Politics

Biden tries to tackle his gas price problem by announcing the sale of 15 million barrels from the Strategic Petroleum Reserve CNN Politics

Washington CNN — President Joe Biden on Wednesday formally announced the sale of an additional 15 million barrels from the Strategic Petroleum Reserve in December as he looks to lower gas prices ahead of the crucial midterm elections. “With my announcement today, we’re going to continue to stabilize markets and decrease the prices at a …

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Biden to announce the release of more petroleum from the strategic reserve

Biden to announce the release of more petroleum from the strategic reserve

Comment on this story Comment President Biden will announce on Wednesday that he is releasing 15 million more barrels of fuel from the Strategic Petroleum Reserve, a move aimed at easing gas prices three weeks before voters anxious over rising costs head to the polls as Democrats have been battered by GOP attacks on the …

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Occidental Petroleum Stock: I Didn’t See This One Coming (NYSE:OXY)

dszc Introduction On Friday, August 19, 2022, Warren Buffett’s Berkshire Hathaway (BRK.B, BRK.A) won approval to buy an equity stake of up to 50% in Houston-based Occidental Petroleum (NYSE:OXY). The Federal Energy Regulatory Commission approved the request from Warren Buffett’s Berkshire Hathaway and said it was “consistent with the public interest” and subject to various …

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