oil prices

‘A slap in the face’: Saudis spurn Biden’s request to boost oil output

‘A slap in the face’: Saudis spurn Biden’s request to boost oil output

Analysts called President Biden’s trip to Saudi Arabia a dud after oil-producing states announced Wednesday that they would increase production by just 100,000 barrels a day starting next month, a drop in the bucket compared to America’s vast energy needs. The Saudi-led Organization of the Petroleum Exporting Countries and its allies announced the modest increase …

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The Downside Risk Of Tomorrow’s OPEC+ Meeting | OilPrice.com

Oil Prices OPEC

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Demand Destruction Could Help America Refill Its Oil Inventories | OilPrice.com

Oil Inventories

US oil inventories are still at multi-year lows for this time of year despite record releases from the Strategic Petroleum Reserve (SPR), reports of weakening gasoline demand in the weeks due to high prices and the slowdown in the economy. Commercial crude and product stocks have failed to rebuild in recent months, and low levels …

Demand Destruction Could Help America Refill Its Oil Inventories | OilPrice.com Read More »